Senators Reintroduce Bills to Bolster Retirement Savings
The four bipartisan bills are sponsored by Sens. Cory Booker and Todd Young.
Economy
OK, When Will the Fed Begin Shrinking Its Bond Buying, Anyway?
Split views seen in FOMC minutes are vexing. So let’s hear what Wall Street strategists think.
Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
Here’s Why Inflation Is Up: Oil and Cars, Period
Commonwealth’s McMillan ascribes nasty CPI numbers to a few aberrant items, already cooling off.
Kentucky Pension Fund Reports Record 25% Return for Fiscal 2021
The strong showing lifts long-term return rates above assumed rates for the first time in a decade.
Giant Tech Stocks Primed for Another Slide, Says Sage
Last Friday's strong jobs report signals the rise of lesser lights in the market, Leuthold’s Jim Paulsen predicts.
Stocks Usually Stink in August, but Bonds…
Fixed income benefits from equities’ worst month, LPL says.
What Is the 10-Year Treasury’s Falling Yield Telling Us?
Not that a slowing economy is ahead, says BCA Research. The answer, it thinks, is ‘more subtle.’
OK, Why Are Those Jobs Unfilled? Hint: Money
Pandemic-era workers want a lot more pay, a New York Fed poll finds.
Jerome Powell Won’t Get a 2nd Term as Fed Head, Says JPM Economist
The Democrats’ left wing will want a kindred spirit, rather than the GOP-appointed incumbent, Michael Feroli thinks.
If Governments Can Just Keep Their Cool, the Economy Will Be Fine, Says Savant
The 2020 recession was driven by policy, so any Delta-inspired double dip would be, too, Commonwealth’s McMillan warns.
Big Tech Is Too Expensive? Don’t Believe It, Says Cooperman
The billionaire investor thinks high P/Es now offer a better deal than in the future, when they’ll rise more.
Report: Fat From Funding, Corporate Pensions May Want to Hibernate
Now is a good time for well-funded DB plans to think about a hibernation portfolio, according to NISA.
Why Jeffrey Gundlach Thinks the Dollar Is ‘Doomed’
Federal and US trade deficits will eventually do a number on the greenback, says the Bond King.
Retirement Support Could Be Included in $2 Trillion Infrastructure Bill
House Ways & Means Chairman Neal backs the recommendations of the new Racial Equity Initiative.