Economy & Markets
The important economic and stock market news that advisors need to know.
Mnuchin's Ultra-Long Bond Bid Hits Wall Street Reality
By Lisa AbramowiczInsurers might love to hold on to bonds for 50 years, but how would banks feel about that?
April 26, 2017
White House Unveils Trump’s First Tax-Cut Bid, Corporate Rate of 15%Tax plan calls for shift to territorial system for companies; top individual tax rate would be cut to 35% from 39.6%.
April 26, 2017
House Dems Blast Financial Choice Act, Call for Another HearingDemocrats requested an additional hearing before the May 2 markup of Rep. Jeb Hensarling's Dodd-Frank replacement.
April 26, 2017
3 Trends Advisors Need to WatchAuthor and former presidential advisor Pippa Malmgren lays out what's happening in the global economy at Raymond James' national event.
April 26, 2017
Financial Planners Fight Spending Bill Rider That Kills DOL RuleThe Financial Planning Coalition moves against other industry players who are "aggressively advocating" for a rider that would prohibit DOL from implementing the fiduciary rule.
April 25, 2017
Advisors Worry About Risk in Rising Passive InflowsAll that money moving into a single asset class is concerning, said Eaton Vance's John Moninger.
April 25, 2017
Wells Fargo Prevails Over Raucous ShareholdersDespite shouting and several advocates being escorted out, all 15 board members won re-election and no shareholder proposals critical of bank policies were approved.
April 24, 2017
How Trump's Tax Proposal Could Affect the Muni Bond MarketCuts in marginal personal and corporate income tax rates and the elimination of the state and local tax deduction from federal taxes could affect munis.