Economy & Markets
The important economic and stock market news that advisors need to know.
Fund Managers' Optimism on Global Growth Hits 10-Year Low: Merrill
By Michael S. FischerA record 85% of fund managers think the economy is late in the cycle, the monthly survey found.
October 15, 2018
BofA Tops Estimates as Wealth Group Boosts Profits 31%: Q3 EarningsThe number of Merrill advisors is 14,838, up 18 from the prior quarter but down 116 from the prior year.
October 15, 2018
Top 10 Most Tax-Friendly States in US: 2018In honor of the 2017 tax return extension deadline, check out this list via Kiplinger.
October 15, 2018
Franklin Templeton Launches 3 Passive ETFs: Portfolio ProductsColumbia Threadneedle also launched a new strategic beta ETF focused on municipal bonds.
October 15, 2018
What's Next After Last Week's Market Rout?There may still be some volatility, but a replay is not what strategists expect.
October 15, 2018
Don't Waste Time Predicting the Next RecessionRecessions are usually triggered by events that are largely unpredictable in advance.
October 12, 2018
Wells Fargo Posts Good News, Bad News: Q3 EarningsThe bank and its wealth unit improved profits, but WFA has lost over 1,000 reps since the fake-accounts scandal began.
October 12, 2018
12 States With the Best Fiscal HealthThe Mercatus Center looked at states' ability to withstand a number of short- and long-term fiscal challenges.