Economy & Markets
The important economic and stock market news that advisors need to know.
What a Long, Strange Trip
By Mark TravisAn old Grateful Dead song provides an appropriate synopsis of the market environment in which U.S. investors find themselves today.
August 04, 2017
Donald Trump, an Accidental Salesman for Sustainable FundsInvestments in sustainable funds and ETFs are on pace to top the $4.8 billion inflows last year.
August 04, 2017
Wells Fargo Says It May Find ‘Significantly’ More Fake AccountsThe bank boosts its estimate of possible legal losses by $1.3 billion and discloses a CFPB probe into freezing of accounts.
August 04, 2017
Senate Confirms Giancarlo as CFTC ChiefTwo commissioners were also approved to help lead the derivatives regulator.
August 04, 2017
Cigna, Other Health Insurers’ Profits Surge, Ignoring ACA ChaosCigna posted higher-than-estimated Q2 EPS, raised forecast; U.S. health plans stocks up 26%, outperforming S&P 500.
August 03, 2017
GMO’s Grantham on Momentum, Value, Ben Graham and Stock PricesValue (like gravity in physics) is a weak force in the short term, but very, very persistent, says the chief investment strategist.
August 03, 2017
Invesco in Talks to Buy Guggenheim ETFs: ReportsThe deal could push Invesco PowerShares, now the fourth-largest ETF player, over the $160 billion asset mark.
August 03, 2017
What to Tell Clients About Closed-End Funds in a Rising Rate EnvironmentCEFs continue to be important income generators even as rates creep higher.