Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Is Said to Lean Toward Jay Powell as Next Fed Chairman
By Jennifer Jacobs, Saleha MohsinPowell is a Fed governor and reportedly one of three top contenders, along with Stanford professor John Taylor and current chair Janet Yellen.
October 25, 2017
Fidelity Rolls Out New Bond Fund and 2 Lower-Priced Share ClassesThe Fidelity Short-Term Bond Index Fund can be bought with fees as low as 3 basis points.
October 25, 2017
Record Year for Home Runs Could Be a Dark Omen for the EconomyBaseball performance and stock prices are both driven by the same social forces, and those high numbers should be raising alarms, Alan Hall tells ThinkAdvisor.
October 25, 2017
Main Street Investor Confidence Hits New High: SurveyEighty-five percent of respondents say actions taken by the White House will affect their investment decisions, the Center for Audit Quality says.
October 25, 2017
GOP’s Chief Tax Writer Expects Deal on State, Local Tax BreakAsked about Trumps tweet promising to keep 401(k)s unchanged, Rep. Kevin Brady said Republicans were "exploring a number of ideas."
October 24, 2017
Buy the Dip Is a Losing Strategy in the Bond MarketThe author believes bond yields will soon move higher.
October 23, 2017
Schwab Ruled the Robo Roost in Q3A model portfolio invested with Schwab's consumer-focused robo-advisor outperformed comparable portfolios on other platforms, according to a benchmarking report.