Economy & Markets
The important economic and stock market news that advisors need to know.
Rich Wall Streeters Face Shock Tax Hike While Rest of Wealthy Escape
By Laura Davison | Devon PendletonSenator Joe Manchin supports ending the carried interest tax break and increasing IRS audits but has rejected raising the $10,000 SALT deduction.
July 27, 2022
Fed Hikes 75 Basis Points Second Time, Signals Third is PossibleCriticized for misjudging inflation and being slow to respond, officials are now forcefully raising interest rates to cool the economy.
July 27, 2022
8 Reasons Stress Testing Your Client's Financial Plan Is a MustFor one thing, inflation can eat away at clients' portfolios, according to eMoney.
July 26, 2022
Consumer Interest in Asset Protection May Be FallingAllianz Life found that the percentage of survey takers interested in protected products is shrinking.
July 26, 2022
Stressed Workers Could Use a Little Professional Advice on Retirement Saving: SchwabMany workers say advice is hard to access through their 401(k) plans, a Schwab survey found.
July 26, 2022
Tactical Funds Fumbling Their Chance to Shine This Year: Morningstar"I see no reason to invest in such funds," Morningstar's John Rekenthaler wrote.
July 26, 2022
8 Retirement Planning Points for Couples With a Large Age GapA sound plan should ensure that the couple's combined retirement assets cover an extended combined life expectancy.
July 25, 2022
S&P 500 Has Already Bottomed, No Hard Landing: YardeniThe strategist sees resilience in earnings and has a still-healthy outlook for consumers and businesses even as the economy slows.