U.S. equities continued their post-election surge on Monday, pushing the Dow Jones Industrial Average and the other three major stock market averages to new record highs as a group for the first time since 1999.
Investors continue to view the incoming Trump administration and its plans for big tax cuts and spending as a huge tailwind for the economy. We’re also in a period of seasonal....More>>>
The Dow Jones Industrial Average (DIA) crossing 25,000 for the first time on Thursday reinforced the major issue value investors have had for virtually all of 2017 and look set to continue grappling with: the lack of attractively priced investments in the market. One of the better ways to solve this problem has been to look at which stocks have received little coverage on Seeking Alpha, as they....More>>>
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America’s Retirement System Is Too Inconsistent
U.S. consumers may be less likely to fear the possibility that life insurance companies will tank the economy than they are to fear that six other types of financial services companies will....More>>>
U.S. equities climbed again on Wednesday as the Federal Reserve raised interest rates and penciled in another three quarter-point hikes for 2018. Policymakers pointed to an expected pickup in GDP growth, ongoing strength in the labor market and the specter of a big fiscal policy push from the GOP’s tax cut legislation as rationales for their action.
In her post-meeting press conference,....More>>>
Pension funds are in the news again… and the news isn’t very good. Many plans are underfunded, which means they don’t have enough money to pay the benefits they’ve promised.
Among those many underfunded plans are funds managed by the city of Chicago, which were recently blocked by a court ruling that prevents the fund from reducing benefits. That means the city will....More>>>