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5 days ago | 
fa-mag.com | Christopher Williams
Economist Ed Yardeni said he thinks Iranian leaders will back down in the face of this past weekend's U.S. air attacks, leading to a drop in oil prices and clearing the way for the continued upward march of global stock markets. “The next move is up to the Iranians. Our bet is that they will sue for peace,” Yardeni, head of Glen Head, N.Y.-based Yardeni Research, said in his market notes yesterday after the surprise U.S. attack on three Iranian nuclear facilities.
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1 week ago | 
fa-mag.com | Christopher Williams
What Israeli-Iranian war? That is the question traders seem to be asking given that there’s been a sharp recovery in the stock markets since Israel began its air assault against Iran on June 12 with the stated aim of impeding Iran’s nuclear development program. Indeed, stocks have historically shrugged off major geopolitical events after an immediate negative reaction.
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1 week ago | 
fa-mag.com | Christopher Williams
Nuveen, the investment manager of TIAA, announced today that it will acquire strategic partner Brooklyn Investment Group, a multi-asset custom direct indexing provider, and its parent technology company, Brooklyn Artificial Intelligence. New York City-based Nuveen, a global asset manager of $1.3 trillion, took a minority stake in Brooklyn Investment along with TIAA Ventures in 2023. With this deal, Nuveen is buying TIAA's stake and will own Brooklyn Investment.
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2 weeks ago | 
fa-mag.com | Christopher Williams
Over the next five years, according to Pictet Asset Management, economic growth will slow across the globe, real returns on all major asset classes will converge, and inflation will remain sticky and be higher for longer. Also, the U.S. dollar will be in a slow and steady fall against all other currencies. The winning currencies will be the Japanese yen and Swiss franc, says Pictet.
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2 weeks ago | 
fa-mag.com | Christopher Williams
Concerns about market volatility and changing U.S. policies on issues such as tariffs have dampened financial advisors’ market enthusiasm, with more than half turning more bearish on domestic stocks in recent months, according to a survey by Interactive Brokers. However, most of those surveyed expressed confidence in the growth prospects of their own advisory practices this year, according to Interactive Brokers' April poll of 113 fee-based financial advisors.
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2 weeks ago | 
fa-mag.com | Christopher Williams
Concerns about market volatility and changing U.S. policies on issues such as tariffs have dampened financial advisors’ market enthusiasm, with more than half turning more bearish on domestic stocks in recent months, according to a survey by Interactive Brokers. However, most of those surveyed expressed confidence in the growth prospects of their own advisory practices this year, according to Interactive Brokers' April poll of 113 fee-based financial advisors.
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3 weeks ago | 
fa-mag.com | Christopher Williams
American workers are saving for retirement in their 401(k) accounts at a consistent and record clip despite market volatility that has rattled many investors, according to Fidelity Investments. In the first quarter, the total 401(k) savings rate increased to a record 14.3% of income, while contribution from employee and employer stayed consistent at 11.8%, Fidelity reported in “Building Financial Futures,” its first-quarter analysis of Americans’ retirement savings.
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3 weeks ago | 
fa-mag.com | Christopher Williams
American workers are saving for retirement in their 401(k) accounts at a consistent record clip despite market volatility that has rattled many investors, according to Fidelity Investments. In the first quarter, the total 401(k) savings rate increased to a record 14.3% of income, while contribution from employee and employer stayed consistent at 11.8%, Fidelity reported in “Building Financial Futures,” its first-quarter analysis of Americans’ retirement savings.
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1 month ago | 
fa-mag.com | Christopher Williams
The U.S. has lost much credibility around the globe. Longstanding trade issues with China are likely permanent. And President Trump’s potential defiance of Supreme Court rulings could tip the country into political crisis. Those are among the stout headwinds facing the country and the economy, according to Capital Group strategists. But despite these and other challenges, the firm doesn’t see the economy slumping into a recession this year.
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1 month ago | 
fa-mag.com | Christopher Williams
What tariff trade war? Once floundering stocks are sizzling and economist Ed Yardeni, along with other Wall Street strategists, is lowering the odds of a recession and upping year-end price targets for the benchmark S&P 500 index after the U.S. and China put a 90-day pause on their tariff war that has been roiling the global economies for a month.
