Electronic trading of corporate bonds has reached record levels, as credit-trading algorithms get smarter, grab market share, and make it easier for investors to buy and sell corporate bonds without affecting prices too much.
After the Federal Reserve meets Nov. 1 and 2 this week, we may know more about how this Fed will be remembered: as a Volcker Fed that decisively conquered inflation or, instead, a Burns Fed that allowed the country to slip into a stagflationary quagmire.
The cost-of-living crisis has prompted more young workers to opt out of their workplace pensions, forgoing contributions from both their employers and the government.
It seems 2023 is arriving early. The race to raise interest rates to levels that have a hope of quelling inflation is entering a less punishing phase.
If you don’t choose to be different, captivating and unique, someone else will.
Advisor Perspectives, a leading publisher and ranked as the #1 eNewsletter for financial advisors by Erdos & Morgan “FAMOUS” Study (2019-2022) has announced its Venerated Voices™ awards for commentaries published in Q3 2022.
Bob and Sally are on an alumni trip to Vietnam this week.
One of the trends in financial innovation over the past decade has been interval and tender-offer funds.
Few would disagree that the period from 1870-2010 saw immense technological advancements that improved our quality of life. But, according to Bradford DeLong, far fewer advances lie ahead, and societies should adapt by “slouching” away from a free-market system. He’s wrong on both counts.
So-called low-volatility portfolios are an apparent anomaly – they appear to offer higher returns with less risk (volatility). New research shows that they are indeed uncorrelated to sources of macroeconomic risk. But their popularity has driven up valuations, dampening the prospects for future returns.
This week’s $370 billion big tech selloff amid a broader rally in the market did nothing to change the view that the stocks are still too expensive.
When the oil market liberalized in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich made fortunes by connecting buyers and sellers and surfing the price swings of this newly tradable commodity.
A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said.
After five months of mudslinging between Elon Musk and Twitter Inc., in court and otherwise, the mercurial billionaire finally owns the social network. The chaos of the deal was only a preview of what’s to come.
The optimism that has crept into the US bond market is about to be put to the test.
Was it good or bad this week when Alphabet Inc. told investors that advertising demand that helped swell its top line 50% in two years is starting to soften?
Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said.
Sarah Pfefferle had already saved $16,000 for her future home by the time she was 18. Then she started using buy-now, pay-later products and “ruined everything.”
If putting his country first was impolite, Prince Abdulaziz — son of King Salman, half-brother of Crown Prince Mohammed bin Salman — warned he would have no choice but to be rude. “I’m pro-Saudi,” he said.
The US was awakened by the pandemic to the gaping holes in its supply chains for crucial medical supplies and electronics.
Exxon Mobil Corp. posted the highest profit in its 152-year history as natural gas demand and prices surged, following similarly strong results from European peers Shell Plc and TotalEnergies SE.
A heap of distressed debt is expanding in the US corporate bond market and investors worry that a burst of defaults will follow.
The highest rates of inflation in 40 years and the response by central banks around the world to aggressively raise interest rates have created an unfamiliar double-edged sword for both businesses and households.
This economy can’t go on forever.
China stocks’ frenzied week has ended how it began: with jaw-dropping losses.
The cost of debt on commercial property has risen so fast that it’s now more expensive to finance many real estate deals than owners currently earn from rents.
It was supposed to be the silver lining to a year of brutal losses. As bond-fund managers watched the market value of their portfolio decline rate hike after rate hike, one thing was certain: companies would soon have to return to the market offering juicier yields.
Depending on where they live, student borrowers may soon face an unexpected tax burden.
Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping $520 billion in the past year, and now it’s on the brink of getting booted from the ranks of the 20 largest US companies.
In these tumultuous times on Wall Street, at least one investing trend is proving remarkably consistent: Dividend ETFs are notching relentless inflows as traders take refuge in the stock-market storm.
Bitcoin gained for a second day, spurring optimism among the almost always bullish advocates of the bellwether cryptocurrency for an end to the months-long decline known as crypto winter.
US officials have been forced to scale back a plan to impose a cap on Russian oil prices, following skepticism by investors and growing risk in financial markets brought on by crude volatility and central bank efforts to tame inflation.
The TreasuryDirect website is facing long delays as Americans race to buy US Series I savings bonds before rates reset at the end of the month.
The latest bear-market rally in US stocks has brought investors off the sidelines and provided a welcome reprieve from three quarters of gloom. But traders now need to ask themselves whether the risks continue to justify the potential returns.
Corporate executives will have to pay back bonuses based on mistakes in their businesses’ financial reporting under a new rule from the US Securities and Exchange Commission.
The first and most important thing you need to figure out is what a potential high-net worth client is looking for when they come to see you.
Every year, the IRS offers taxpayers a polite warning in the form of what it calls the “dirty dozen” – 12 of the latest tax-related scams. We introduce “the permissible dozen” – the 12 easiest ways to reduce federal income taxes – legitimately, of course.
The Harvard Business School’s Michael Porter is the leading authority on industry structure and competitiveness. His framework shows how RIAs should think strategically about the current state and future evolution of their industry.
It was 40 years in the making, but the deadline for the new SEC marketing rule is finally upon us. It introduces many exciting opportunities for financial advisors. It also brings tremendous uncertainty around how to best take advantage of the new regulations.
Surging US tuition costs have more American parents sending their children to college in Europe as they look to save money on higher education.
Microsoft Corp. reported 35% growth in cloud services. Alphabet Inc.’s own cloud unit beat estimates and narrowed its losses. Yet both stocks slumped.
After a widely expected fourth straight 0.75% interest-rate increase next week, there's a growing view that the Federal Reserve will step down to a 0.50% bump at their December meeting.
A classic recession warning is flashing in the US Treasury market, where the 10-year note’s yield fell below the three-month bill’s, a rare occurrence that signals investors anticipate dire economic consequences of the Federal Reserve’s campaign against inflation.
We are debating whether to expand our niche or whether to expand at all.
Here are some points to consider when planning your marketing strategy for 2023.
A funny thing can happen in the mind of a prospect during their initial consultation with you.
Most compliance officers are well-intentioned, competent professionals who perform a valuable function for the investment advisory community. Then there are the exceptions.
A new study shows just how difficult it will be for younger Americans to copy that success.
Texas Instruments Inc. and SK Hynix Inc. offered a gloomy view of the chip market in their latest quarterly reports, dashing hopes of a quick rebound for the $550 billion industry.
