Economy & Markets
The important economic and stock market news that advisors need to know.
Bond Market Pricing in 80% Odds for June Fed Rate Hike; 40% for September Hike
By Brian ChappattaOdds for a September hike following a June jump have about doubled from a week ago.
May 08, 2017
GMO’s Grantham Sees Boom in Corporate Profits — for NowBut the corporate establishment's thirst for deregulation may be misguided in the long term, the chief investment strategist says.
May 08, 2017
Buffett Says Wells Fargo 'Totally Wrong' in Approach to ScandalBank failed to act promptly when problems flagged, Buffett says; Berkshire is largest shareholder in Wells Fargo.
May 08, 2017
Puerto Rico Menaces Mutual Funds That Resisted Market ExodusMore than 24 mutual funds hold about $15 billion of uninsured Puerto Rico bonds, about 20% of the island's debt.
May 08, 2017
Munger Says Fellow Republicans Are ‘Bonkers’ for Taking Away Bank RegulationsHe says banks need to act in a "careful, standardized way"; Trump has called Dodd-Frank regulation a "disaster."
May 08, 2017
Direxion Adds 5 Leveraged ETFs Tied to Changing Policies: Portfolio ProductsIn other product news, Arrow Funds placed two ETFs on E*TRADEs commission-free ETF platform.
May 05, 2017
JPMorgan’s Kelly: Trump’s Tax Plan Faces RoadblocksThe chief global strategist also says the U.S. has a "bumper-lane economy."
May 04, 2017
What to Expect From the Bond MarketBonds can solve a problem or create one, according to Paul Matlack of Delaware Funds Macquarie Investment Management.