“I believe the overall market will be up 10% to 15% from today's level by the end of 2024,” said Jeremy Siegel in our annual interview.
On the surface, it was your run-of-the-mill private credit deal. A bunch of heavy hitters in the industry — Oak Hill Advisors, Antares Capital and Golub Capital — were providing half-a-billion dollars to fund the buyout of an engineering firm.
Avi Schiffmann is an entrepreneur with a crazy idea that might become our new reality. Recently, he went on a podcast and then wondered afterwards about how he’d presented himself.
Cevian Capital AB’s $1.3 billion bet on UBS Group AG is unusual in more ways than one. The Stockholm-based investment firm is typically a quiet activist, working behind the scenes to steer management thinking. This time it’s being very public about what looks like a straightforward value play.
A small cadre of Wall Street economists who’ve been surprised by the economy’s resilience in 2023 are doubling down on expecting pain for American households and businesses in the new year.
Even before the Federal Reserve has begun cutting interest rates, the mere anticipation of such moves is already thawing the US housing market.
The rally in US stocks is showing signs of fatigue, and investors should be ready to buy into any declines, according to Citigroup Inc. strategists.
The Federal Reserve was supposed to leave center stage by the end of the year and let other factors play the leading role in determining asset prices in the advanced world and beyond. Instead, it has written itself an encore act that’s full of confusion.
It sounded quixotic, and so it proved. Activist investor Jeff Ubben is winding down his social and environmental impact funds, a project that sought to harness capitalism for the simultaneous benefit of society and shareholders.
As is our custom, we conclude the year by reflecting on the 10 most-read investment and planning articles over the past 12 months. Tomorrow, we will highlight the 10 most-read practice management articles.
As is our custom, we conclude the year by reflecting on the 10 most-read practice management articles over the past 12 months. Tomorrow, we will highlight the 10 best articles you probably missed.
Since the financial crisis of 2008, policymakers have been cracking down on leverage at banks. As a result, banks cut back on any lending that didn’t seem profitable enough if it wasn’t juiced by leverage.
This year’s hottest derivatives trade, and perhaps also its most divisive, stole the limelight one final time for 2023 as market watchers cast zero-day options as the villains behind Wednesday’s rally-ending slump in US equities.
Treasuries rallied along with global bonds, sending benchmark yields to multi-month lows, as traders bet the world is entering a new, disinflationary period by wagering on more interest-rate cuts next year.
The end of one year and the start of another is always a good time to admit one’s mistakes. And I got something wrong — really wrong — about remote work.
If the prices of the magnificent seven outperformed their fundamentals, it will be much harder for a repeat performance in 2024.
The conflicts of interest facing independent advisors are far fewer, less complex, more transparent and better understood by retirement investors. This is what opponents of the DOL rule won’t acknowledge.
Our support team – assistants, ops and general relationship-management support – does not share in the overall comp of the firm.
The “addiction to prediction” can have detrimental effects, as it shifts focus from the financial health of companies to baseless forecasting, often leaving investors vulnerable to market volatilities.
When Porsche AG sold shares last year, the German sportscar maker hoped to follow in the gilded footsteps of Ferrari NV and achieve a valuation more in line with a luxury goods company rather than a metal-bashing automaker.
AI applications are only one piece of the client engagement puzzle. And they shouldn’t be your first stop for building digital engagement.
A profit warning in the week leading up to Christmas is never a good look. This year’s shock has been provided by Superdry Plc. With just a few shopping days to go until the holiday, investors should be braced for more bad news from other retailers.
An ETF startup is trying to launch a Bitcoin fund, but with what looks to be an environmentally friendly twist amid continued scrutiny the industry faces around its potentially harmful impacts.
Offering unsolicited advice has the highest potential to destroy the trust between you and your client.
Jonathan Hoffman, John Bonello and Jonathan Tipermas share more than just similar first names. They’re the driving force behind a gigantic wager on government debt that’s been giving regulators sleepless nights.
A stellar year on Wall Street is propelling the biggest rally since 2019 in the MSCI World Index of developed-market equities, pushing the gauge closer to its record high and leaving emerging-market peers trailing far behind.
This year’s run-up in technology stocks, and particularly chipmakers, has left many with price tags so lofty it may seem like now is the time for firms to split their shares.
Are you an experiencing a decline in the acquisition of new clients?
We are shrugging off geopolitical risks. Not only the latest war in Israel, but Russia and Ukraine. The market is still pricing in some Fed cuts next year.
Here are six crucial steps to build the ultimate intro meeting.
If a retirement income plan is entirely reliant on the accuracy of its CMAs, then success is more a matter of faith than any statistically verifiable fact.
Your bio significantly impacts how you're perceived online. It's worth revisiting and rewriting your bio every year.
The US Federal Reserve and its chair, Jerome Powell, are betting that they can have the best of both worlds — that they’ll be able to defeat excessive inflation without forcing the economy into recession.
As your credit card is scanned one final time this holiday season, say thanks to prime numbers for keeping the checkout queues short and your money safe. Well, most of the time anyway.
The extraordinary hype around artificial intelligence this year touched the finance industry, too, but most banks have been rightly cautious about jumping directly onto the bandwagon. In such a tightly regulated business, the costs of getting it wrong could be extreme.
BlackRock’s Rick Rieder said that market expectations for the Federal Reserve to begin cutting interest rates in March are likely too early.
An unprecedented amount of cash flowed into the world’s largest and oldest exchange-traded fund last week, as stocks rallied to near-record highs after the Federal Reserve indicated it could cut interest rates next year.
A New York money manager has netted a 64% gain from a strategy riding the big plunge in volatility across the stock market in this expectations-busting year on Wall Street.
It’s a temptation many on Wall Street succumbed to recently when small-cap stocks notched two-decade lows versus the S&P 500 – only to rally sharply after the Federal Reserve’s dovish policy surprise last week.
Spending on essential intangibles that support health, happiness, family connection, and relationships is the wisest way to turn wealth into wellbeing.
While fixed COLAs with SPIAs may seem like an attractive way to address inflation in retirement, they actually increase inflation risk, not reduce it.
Because of the robust performance of the magnificent seven, portfolios are overweight to large-cap stocks, resulting in an underweight to small- and mid-cap stocks, as well as international equities.
Trying to outperform the market by timing exits (just before the bear awakens from its hibernation) and entries (as the bull enters the arena) is a fool’s errand.
Sometimes the real action is in the dog that didn’t bark. What is striking about the European Union’s pending regulations on artificial intelligence is what’s missing: There is no ban on open-source AI.
Investors were pleased about the Federal Reserve’s latest policy announcement — perhaps a touch more so than Chair Jerome Powell and his colleagues might wish.
We analyze a case study for a wealthier couple with $5.5 million in investment assets and a larger retirement spending goal.
There are many ways a bank can lose money. Top of the list are credit and financial market losses but beneath, there’s a whole taxonomy of issues that industry insiders brand “operational risk.” These result from bad internal processes, people and systems or from external events.
The financial world is moving fast, as the Federal Reserve prepares to start cutting interest rates and stock indexes are at or near all-time highs.
Just one month after setting a 2024 target for the S&P 500, Goldman Sachs Group Inc. strategists increased their forecast as the year-end rally shows no signs of abating.
A vehicle used to track longer-dated US government bonds surged into a bull market, as investors seek to end three years of pain on the Federal Reserve’s willingness to consider interest-rate cuts.
