Economy & Markets
The important economic and stock market news that advisors need to know.
Goldman-Folio Deal: The Pros and Cons
By Bill CapuzziThe deal could pave the way for Goldman to muscle into the RIA space.
June 09, 2020
What Is the Stock Market Telling Us?"The market believes we will not end up back in quarantine," says Creative Planning's Peter Mallouk.
June 09, 2020
Ameriprise Donates Additional $300K: Coronavirus Aid RoundupBank of America, Capital Bank and Pacific Valley Bank are among other companies offering COVID-19 relief.
June 08, 2020
Epic Stock Rally Erases S&P 500's Coronavirus CrashThe equity benchmark rose to a 15-week high.
June 08, 2020
U.S. Recession Began in February: NBERThe organization that dates business cycles acknowledged the data difficulties posed by the pandemic.
June 08, 2020
Why Were the Unemployment Numbers So Messed Up?Economists Robert Shapiro and David Kelly look behind the May numbers as the BLS says it made a "misclassification error."
June 08, 2020
Allianz Jumps Into ETF Space: Portfolio ProductsAlso, SEI introduces new fund strategies for independent advisors.
June 05, 2020
Josh Brown's Advice to New Advisors: Start Locally, Pick LinkedIn Over TwitterDuring a BNY Mellon | Pershing webcast, he and Dynasty's Shirl Penney also stressed the importance of SEO.