Rally pushes valuations to highest level since 2009; financials in focus.
Bond manager announces the news on Twitter
X-trackers Harvest, Market Vectors ChinaAMC exchange-traded funds get surge of cash as stock pipeline opens.
Today's <i>Breakfast with Benjamin</i> on hedge funds owning $16 billion in Puerto Rican muni bond debt, the scary similarities between advisers and psychics, why deep-water drilling looks like a bargain, and more.
Weak economic numbers and an Ebola panic spurred a pullback, causing the S&P 500 to give back the year's gains.
<i>Breakfast with Benjamin</i>: The bitter economic costs of cheap oil, plus notes on taking advantage of the rising dollar, avoiding bond funds like the plague, and running toward market volatility.
Claims over the firm's Puerto Rican bond funds exceed $900 million, three times as much as in the first quarter, and plaintiffs' attorneys say the number will probably climb higher.
<i>Breakfast with Benjamin</i>: The Fed tries to inject a sense of calm in the market, Mohamed El-Erian passes on Pimco, all economists get it wrong, a global currency war is unfolding before our eyes, and more.
Investors using market-cap-constructed funds run risk of overweighting near-developed economies
Combined balance sheets of U.S., Japan and euro area likely to swell another 20%.
Muni bond funds face ongoing Puerto Rican woes as Franklin Templeton and OppenheimerFunds challenge legality of Puerto Rican debt law
One problem: Indexes used by most investors have big concentrations in countries that are not emerging anymore.
Monday's <i>Breakfast with Benjamin</i> menu: How will the market handle 3Q earnings? Plus: Bracing for an oil-price war, trouble beneath the surface of lower gas prices, a rare hawkish nod from the Fed, and advisers get high marks from clients.
Friday's <i>Breakfast with Benjamin</i> menu: The market's jolt puts liquid alt strategies in the spotlight. Plus: Minding the next threshold for stocks, reminding clients to buy on the dip, Fed missed the mark on inflation, and don't forget to worry about China.
For <i>Breakfast with Benjamin</i> today: Stock climb to continue. Plus: Loving and hating the strong dollar, China sets up for a currency fight, more spooky details in the JPMorgan hack attack, Pimco's slippery marketing gambit, short-sellers bet on the rally, and drones shape up as niche investment strategy.
With all eyes on the Fed, Nuveen's Bob Doll explains why the U.S. market rally should continue.
<i>Breakfast with Benjamin:</i> Equity investors brace for insight from Janet Yellen and the Fed today. Plus: ETFs chase the freed-up Pimco assets, breaking down the bond market fears, Morgan Stanley says the auto industry's days are numbered, and Warren Buffett makes another safe bet.
As hockey great Wayne Gretzky would say, play your asset allocation where the Fed is going and that means U.S., European and emerging market equities.
Companies raised $41.8 billion in three-month period ended Sept. 30.
Today's <i>Breakfast with Benjamin</i> sees stock and real estate bubbles on a collision course, gold prices stuck in neutral, Bill Gross cutting Treasury bond exposure, and much more.
