Economy & Markets
The important economic and stock market news that advisors need to know.
Economist Goodfriend Said to Be a Finalist for Trump Fed Nomination
By Christopher Condon, Rich Miller & Saleha MohsinMarvin Goodfriend is former director of research for Richmond Fed; Quarles also among candidates for Trump Fed nomination
June 01, 2017
Millennial Investors Scarred by Financial CrisisMillennials are more risk-averse than any other age group, Legg Mason reports.
June 01, 2017
Illinois Cut Near Junk by S&P, Lowest Ever for a US StateS&P also warned that the state could soon lose its investment grade status if the governor and legislature don't agree on a budget addressing deficits.
June 01, 2017
Stocks Rally in May — So Why Are Bonds Rising?As market gains broaden, with emerging and developed equities finally closing the gap, why are bond prices rising?
June 01, 2017
Should Glass-Steagall Come Back? No, AEI Panelists SayEven the proposed 21st Century Glass-Steagall Act looks much different from the original law, panelists said.
June 01, 2017
Asset Managers Remain Under Pressure Despite Pickup in Flows, Assets: Moody'sFee revenue is still falling, except at the world's largest asset manager.
June 01, 2017
My Smart Beta ETF Premised on Cats Rang Up an 849,751% ReturnI designed my own factor fund as a way of learning about one of Wall Streets hottest trends and its pitfalls.
May 31, 2017
Gundlach: Robos Could Cause Next Crash; Passive Mania Will WaneSpeaking at FPA NorCal, the bond king sounds off on passive investing, robos, rates and the S&P 500.