The following is a daily market commentary by Scott J. Brown, chief economist and senior vice president of equity research at Raymond James & Associates Inc.
Scott J. Brown, chief economist and senior vice president of equity research at Raymond James & Associates Inc., offers his daily market commentary.
President Barack Obama's health plan proposal would extend Medicare taxes to the investment income of higher-earning households.
After the close, the Fed's Board of Governors raised the discount rate.
The target for the federal funds rate (the overnight market rate that banks charge each other for borrowing excess reserves) has, since 1994, been the main monetary policy tool for the Federal Reserve.
Robert Doll has the new title of chief equity strategist for BlackRock's fundamental equities platform, one of a number of changes the money management giant announced internally today.
The advance figure for fourth quarter growth surprised to the upside, although the story was largely as anticipated.
Technology and large-cap growth remain the darlings of money managers, while fixed income is losing its appeal, according to the latest quarterly survey of investment professionals by Russell Investments.
Kenneth Feinberg isn't being paid for the long hours he's putting in as the Treasury Department's special master to determine executive compensation at companies that received bailout money, but the decisions he's making are likely to percolate throughout the financial services industry for years to come.
The technology sector continues to stand out as an area of opportunity, according to the latest quarterly survey of investment professionals by Russell Investments.
If approved by company shareholders, the move would instantly hike the price of the online brokerage to $11.50. But research says the market isn't overly fond of such maneuvers.
Move aimed at helping to open up a dialogue between high-income investors and their advisers
In: Investor Advocate office, ramped up protection for senior investors; Out: fiduciary standard for brokers who give advice
In a surprise, Conn. Democrat Christopher Dodd called it quits on hammering out a bi-partisan financial reform bill. The upshot? Expect plenty of tweaks to the financial system, but little change.
The Senate Banking Committee Chairman says he's working with Republican Sen. Bob Corker of Tennessee to propose legislation.
The latest readings on the economy, like a bowling ball on a countertop, are exhibiting little momentum but still, underneath, have plenty of potential.
For advisers and their clients, making a fully informed, balanced decision not to convert to a Roth IRA is — unequivocally — a legitimate choice.
Roth IRA conversions should be discussed with most investors this year as part of their overall retirement planning strategy.
The equity markets seem to be worried about neither deflation nor inflation as gold, and crude oil, are relatively flat and the preopening S&P 500 futures are better by some 4 points.
