Plus: Elizabeth Warren vs. Wall Street, emerging markets see downside of credit boom, and the realities of alternative energy investments. All in Breakfast with Benjamin.
High-flying fund applies a blend of fundamental and behavioral finance analysis to capitalize on market patterns.
Breakfast (with Benjamin) is served: Dividend ETFs losing luster as rates rise; Bernanke's last stand; nontransparent active ETFs; Obamacare's drag on health care; useless jobless claims data; and global New Year's traditions.
A new proposed plan to end Detroit's $18 billion bankruptcy would pay bondholders 20 cents on the dollar and give police and firefighters higher pension payouts than other city employees. Now disagreement from both bond insurers and unions is expected to usher in a new, more contentious phase of negotiations.
Plus: Looking for weakness in the Volcker rule, the case for stocks in 2014, the upside of market bubbles, and what the heck Elizabeth Warren is up to now?
Morgan Stanley forecasts an 80% chance that municipal bonds will lose money again next year, primarily because of rising interest rates. Year-to-date through Tuesday, the average national intermediate-term bond fund is down 2.16%.
The U.S. stock rally that has extended over the past year is due for a correction of more than 5%, warned investment strategists at T. Rowe Price Group Inc. That doesn't mean it's a time for advisers to stick their heads in the sand, but to proceed with caution.
In a win for UBS Financial Services Inc., an SEC administrative judge dismissed allegations that two leading executives in Puerto Rico committed fraud in 2008 and 2009.
OppenheimerFunds' municipal bond funds have been rocked by big bets on Puerto Rican debt, stirring up memories of its Core Bond Fund's disastrous 2008. Jason Kephart has the story.
Sell-off has created a market with lots of sellers and few buyers. Could tax season provide a solution?
The Federal Reserve has an economic problem worthy of a Shakespearean tragedy. It's worked tirelessly to support the markets and prevent an economic depression but it has created a problem for which there is no clear solution.
Considering hiring and employment reports, what's bad for the economy can be good for equities.
For investors worried about rising interest rates, the new vehicles could be useful.
Investors have enjoyed an epic rally this year with little volatility, thanks at least in part to all the cash the Fed is pumping into the system. But advisers should be prepping clients now to get ready for some choppiness ahead. Jason Kephart reports.
Brokerage unit posts third quarter trading decline but still delivers pretax profit.
Oversight of $3.7T market comes from Dodd-Frank, includes some exemptions.
Deal is on top of $62.5 million the bank contributed to settlement fund.
Today's Breakfast with Benjamin: T. Rowe Price warns of correction, Deutsche Bank bans chat rooms, the first-ever hedge fund ad debuts, big banks sweating over the looming Volcker rule, and EU Commission levies heavy fine for rate rigging.
The $3.7 trillion municipal-bond market extended its biggest rally since April, with investors buying Puerto Rico, Illinois and California debt ahead of the Federal Reserve's two-day meeting beginning Tuesday.
Some money managers see big value in Detroit's muni bonds while others see only losses. Therein lies a battle.
