Jan 12, 2020 | Wealth Management
Two Federal Reserve officials said, Thursday this week, that the economy was likely to avoid a severe downturn because of timely intervention by the central bank last year. One of them said there is a “reasonable chance” of achieving a soft landing for the U.S....
Dec 22, 2019 | Wealth Management
After a turbulent 4th quarter of 2018, the stock market reversed course in January, with most leading indexes posting solid gains. Despite some growing economic concerns, the U.S. stock market continued to rebound in February. By the end of Q1, lackluster US...
Nov 18, 2019 | Wealth Management
This week, stocks hit all-time highs and continued to climb. Yields are also rising and corporate bond spreads point to investors being more confident with the current economic conditions. The yield curve, whose inversion set off alarms about the risk of a recession,...
Nov 3, 2019 | Wealth Management
Hong Kong’s economy contracted sharply in the third quarter as it entered a recession. Third-quarter gross domestic product retreated 3.2% from the previous three months, after a 0.4% contraction in the second quarter. Two consecutive periods of negative growth mean...
Oct 7, 2019 | Wealth Management
Earlier this week, Charles Schwab announced that starting Oct. 7, clients can buy and sell stocks and ETFs listed in the U.S. or Canada online for free instead of the 4.95/$6.95 per trade fee. Next day, TD Ameritrade and ETrade reluctantly followed. Fidelity and the...
Aug 25, 2019 | Wealth Management
Earlier this week, UBS revealed that its Yield Enhancement Strategy or YES that manages $5 billion, has lost at least $60 million YTD of investor money at its retail client accounts. Ordinarily, this would come as no surprise at a hedge fund and would hardly make the...
