Economy & Markets
The important economic and stock market news that advisors need to know.
August 15, 2024
Stocks Rally as Data Show Economy Is Holding UpThe S&P 500 rose about 1.5%. Walmart Inc. — a barometer of growth — jumped on a solid outlook.
August 14, 2024
10 Stock Picks From the Best Fund Managers: MorningstarOne way to pick stocks is to follow the smart money.
August 14, 2024
Social Security COLA Estimate for 2025 Drops to 2.6% as Inflation FallsIn July, the lowest 12-month inflation since 2021 pushed down the projected retirement benefit increase for next year.
August 13, 2024
Fed's Bostic Says More Data Needed, Rate Cut Likely by Year-EndThe Atlanta Fed president wants to be sure the central bank won't have to change course once cuts begin.
August 13, 2024
Goldman, JPMorgan Say Markets Pricing in Higher Recession OddsEquity and bond markets are assigning a 41% probability to a U.S. recession, according to Goldman.
August 13, 2024
Morgan Stanley's Wilson Sees Few Signs of Bear Market in StocksThe strategist, who correctly predicted the recent downdraft in equities, says a major collapse is unlikely.
August 13, 2024
More Life and Annuity Products Offer Commodity IndexesInflation is increasing some clients' interest in tying value to something tangible.
August 12, 2024
Budget Deficit Hits $1.5T as Fiscal Year Nears EndInterest costs in the first 10 months of the fiscal year totalled $956 billion, up 32% from 2023.
August 12, 2024
Morgan Stanley's Wilson Says Unclear Growth to Crimp StocksThe strategist sees the S&P 500 Index trading between 5,000 and 5,400 points this quarter.
August 11, 2024
Bonds Are Back After Failing Investors for YearsExpectations for rate cuts have mounted fast, and bonds do very well in that environment.