Economy & Markets
The important economic and stock market news that advisors need to know.
Golden Era of Hedge Funds Draws to a Close, Clients in Revolt
By Katherine Burton, BloombergInvestors are up in arms as traders get rich on management fees. The million-dollar question: Who will keep earning 2 and 20?
December 28, 2016
Top 2017 Emerging EMEA Picks Are All Things Russia; Avoid TurkeyInvestors seek bargains in politically stable countries; some asset managers favor Egypts local-currency bonds.
December 28, 2016
Oil Trades Near 17-Month High as Market Seen Balancing in 2017Iraq, Venezuela said to implement production cuts on Jan. 1; OPEC and non-OPEC monitoring panel will meet to track compliance.
December 27, 2016
Banks, Broker-Dealers Poised for a 'Terrific' 2017Dick Bove and other analysts are bullish on large financial companies, and their BDs, for a host of reasons.
December 27, 2016
Case-Shiller Home Price Index Extends Winning StreakS&Ps David Blitzer warns, however, that home prices cannot rise faster than incomes and inflation indefinitely.
December 27, 2016
31% Cut in Social Security Benefits Needed by 2031: CBOAn earlier report from the Social Security Trust Fund projected a 21% cut in benefits beginning in 2034 if the status quo remains.
December 27, 2016
Dow Flirtation With 20,000: A Ceiling or the Santa Claus Rally?Brad McMillan of Commonwealth and Jeff Saut of Raymond James are optimistic over a sustained bull market in 2017, this one driven by actual earnings.
December 27, 2016
U.S. Consumer Confidence Jumps to Highest Level Since 2001Measure of Americans expectations surges to a 13-year high after Trump election; more households expect better economy, labor market in year ahead.