How To Invest When The Market Can’t Make Up Its Mind

The candidate of plans needs a really good one right now. On Sunday, Elizabeth Warren said that she would soon release a plan explaining how she intends to pay for” Medicare for all.” Like many policy wonks, I’ll be waiting with bated breath; this could be a make or break moment for her campaign, and possibly for the 2020 election. It’s not the only route– every major…

But then, this is the private kingdom of Ken Fisher, where Fisher’ s way is the only way. Indeed, Fisher Investments has done very well– most of all for Ken Fisher. Few who’ ve passed through his private-residence-turned-office in Woodside, California, or headquarters on a tree-lined campus in Camas, Washington, were surprised when Fisher let loose with a string of…

Elizabeth Warren’ s signature and most controversial policies is the Medicare for All plan that she borrowed from Sen. In fact, the proposal would cost a total of $34 trillion over the next decade. That figure, according to The Atlantic, is“ more than the federal government’ s total cost over the coming decade for Social Security, Medicare, and Medicaid combined.”.

U.S. President Donald Trump is not the first chief executive to pressure the Federal Reserve to follow a certain monetary policy. Lyndon B. Johnson physically shoved his Federal Reserve chairman, William McChesney Martin, at his ranch when Martin decided to raise short-term interest rates. Paul Volcker, former chairman of the Federal Reserve, alleged that…

Discount brokers Charles Schwab Corp., TD Ameritrade Holding Corp. and E* Trade Financial Corp. announced this month that they would cut fees to trade U.S.- listed stocks, ETFs and options to zero, sending shares plunging and fueling speculation about potential mergers. Instead, the firm sees more potential to expand its financial-advisory services to…

“You know, I haven’t seen any polling showing that nationally, on average, that anybody else is a front-runner,” Joe Biden said.

The end of 2019 is weeks away, and now would be good time to review your retirement accounts and make sure your financial house is in order.

For months, Facebook co-founder Chris Hughes has been warning about the dangers of corporate consolidation, even advocating for a break-up of the social-media giant where he started his career. The investments could serve as an early counterweight to the millions of dollars that Facebook, Google and other big businesses, well beyond tech, spend annually to…

Recent income gains— from investments, property appreciation, and retirement income— have gone disproportionately to the highest earners in the 65- and-older age group, while the number of older households burdened by housing costs has reached an all-time high, according to the report by Harvard’ s Joint Center for Housing Studies. The study, released…

Elizabeth Warren is feeling the heat from her rise in the polls: She parried attacks in last night’s debate from across the field on her go-big policy plans— including a soak-the-rich wealth tax that’s been central to her campaign.. “Sometimes I think that Senator Warren is more focused on being punitive and pitting some part of the country against the other…

“Companies are starting to do what they do when there is rampant uncertainty, which is just stop issuing guidance,” said Savita Subramanian, head of United States equity strategy at Bank of America Merrill Lynch.“ Companies just basically go dark.”. The“ rampant uncertainty” that Ms. Subramanian referred to flows from many sources: signs that the economy and job growth…

Camas billionaire Ken Fisher is starting to encounter a backlash after he made offensive remarks at a conference in San Francisco last week. The State of Michigan Retirement Fund’s pension account, worth more than $70 billion, ended its relationship with the $112 billion Fisher Investments, which was responsible for managing $600 million in retirement…

On the second day of one of the nation’s most elite conferences for wealth management CEOs, self-proclaimed “self-made multibillionaire” Ken Fisher shared his industry philosophy during a fireside chat at the Ritz-Carlton Hotel in San Francisco. Fisher, 68, had been previously honored at the Tiburon CEO Summit and has written 11 books, regularly writes…

This came against a return to a sputtering price action in stock markets in Europe after gains in Asia and on Wall Street yesterday. There hasn’t been an obvious news catalyst, and the gains look incongruous with trade figures showing German export orders declining by 1.8% m/m in August, which added to growing evidence that the Eurozone’s biggest economy is…

WASHINGTON— Trump administration officials are weighing a range of options that could inflict additional economic pain on China as the United States continues looking for ways to force Beijing to change longstanding practices that have put American companies at a disadvantage. Administration officials, including members of the National Security…

Fidelity Investments announced today the firm is eliminating trading commissions for stocks, ETFs and options for both retail investors and registered investment advisors that custody with the firm. Cutting trading costs for stocks and ETFs from $4.95 to zero follows similar moves by rivals Charles Schwab and TD Ameritrade earlier this month, and firmly…

Alex Chalekian, founder and CEO of Lake Avenue Financial, posted a video of himself on Twitter on Tuesday, denouncing Ken Fisher, an advisor with more than $100 billion in assets under management, for comments he made during a fireside chat at the Tiburon CEO Summit in San Francisco this week. “It was a true debacle,” Chalekian said, in the video.“ He made comments about…

Billionaire money manager Ken Fisher has come under fire for crass sexually charged comments he was said to have made Tuesday as part of a closed-door “fireside chat” at San Francisco’s Ritz Carlton Hotel.

While“ policy is not on a preset course,” Mr. Powell said, the Fed will“ act as appropriate to support continued growth.”. Mr. Powell, speaking at an economics conference in Denver, emphasized that the Fed’ s next meeting was a few weeks away. “That time is now upon us,” Mr. Powell said.

The administration plans to seek a stay if the U.S. Court of Appeals for the 5th Circuit invalidates all or part of the Affordable Care Act in the coming weeks— and may even try to delay a potential Supreme Court hearing on the matter until after the November 2020 election, as I reported over the weekend with my colleague Yasmeen Abutaleb. The administration also…

Every 90 days we breathlessly await the latest GDP estimates to see how the economy is doing. Actually, this measure is flawed. There’s a better one called Gross Output. Trouble is, Washington refuses to release GO in a timely fashion.

It will probably be soon, though, because President Trump’ s Justice Department and other plaintiffs took remarkable steps in September to get the Supreme Court to take cases presenting the issue squarely about the reach of the president’ s firing authority over independent agency heads, and Justice Brett Kavanaugh invited these audacious challenges to…

The bond market has increasingly signed on to the notion that low interest rates and low inflation will be with us for some time. It’s the new normal.

Economists said in a new survey said that they think the U.S.-China trade war will bring about a slowdown in U.S. growth this year and next, per the AP. Why it matters: The economists also said they expect the trade war to increase the risk of recession in late 2020, which would put an end to the longest period of economic expansion on record in the U.S. By the numbers: The…

The goods-trade gap with China shrank to a seasonally adjusted $28.9 billion from $29.6 billion a month earlier, according to data released on Oct. 4 by the Commerce Department. Even with the latest figures, imports and exports with China have declined significantly since the trade war began in 2018, making China the third-largest U.S. trading partner this…

FX Update: The dollar majors have hunkered down in narrow ranges ahead of the release of the September U.S. non-farm payrolls report, which is being looked upon as having potential to mark an inflection point in the course of world’s biggest economy following a slew of recessionary-portending data releases. While the Eurozone economy appears to be heading for…

Today at 8:30 a.m. Eastern the Labor Department will release its September jobs data. Wall Street is hoping that it will provide greater clarity— and perhaps some reassurance— about the U.S. economy amid disappointing news. A key report on U.S. manufacturing showed that activity fell for the second straight month.

”Standing in solidarity with our nation’s seniors, I declare once again that America will never be a socialist country,” Mr. Trump told a crowd at the Villages in Florida, the country’s largest retirement community, where the population is overwhelmingly white and conservative and where many residents are veterans. ”Democrat health care proposals would put…

Image: Walmart Health, Dallas, Georgia. Now here’ s Anthem, America’ s second-largest health insurer:. In 2009— the year before Obamacare— UnitedHealth turned a $3.8 billion profit.

President Trump on Tuesday renewed his attacks on the Federal Reserve and Chairman Jay Powell, after a key U.S. manufacturing gauge signaled the second consecutive month of sector-wide contraction. “As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively…

EUR-CHF gained sharply, by nearly 0.5%, and most other euro crosses also rose, despite expectedly benign Eurozone inflation headlines in preliminary September data. While the U.S. and Japan came to a trade deal, the Japanese economy has been indirectly hit by the U.S.- China trade spat. Sterling rallied in the initial wake of the UK’s September manufacturing PMI…

The Department of Justice announced several healthcare fraud takedowns of late, resulting in dozens of charges, including many against medical professionals. 

PARADISE, Calif.— D.J. Gomes and his logging crew were working in California’ s wine country last fall, helping clear vegetation away from power lines and reduce the ever-growing wildfire risk. The disaster that followed, the Camp Fire, killed 86 people and virtually leveled Paradise, where Mr. Mr. Gomes owns Crossfire Tree& Vegetation, one of many companies that have…

A Roth IRA is better than a traditional IRA for young workers in most normal scenarios. Why? It leaves young workers with more money after-tax.

Do a quick search for health insurance, and you’ll find plenty of ads for “Trumpcare” plans that cost $59 or less per month. But there’s a catch: Trumpcare doesn’t exist, and many of these advertised plans offer bare-bones coverage. Why it matters: For people who buy health insurance on their own instead of receiving it through an employer, searching for a plan is already…

From the date burglars broke into the Democratic National Committee headquarters in the Watergate complex in 1972 until the resignation of President Richard Nixon two years later, the S&P 500 fell 25 percent. In the 1970 s, markets weren’ t responding to troubles and high drama in Washington; they were adjusting to oil embargoes and a spike in inflation.

FX Update: The dollar has given some of the gains seen yesterday, tracking the U.S. 10- year Treasury yield, which has deflated by a few basis points after rising notably yesterday. The smoking gun of the evidence in the telephone transcript presented by the White House in response to the whistleblower allegations about President Trump’s dealings with Ukraine…

Jessie McCormick had to quit her job to afford health care. Ms. McCormick, 27, who has a heart condition, had an opportunity to move from part time to full time in her job at a small nonprofit in Washington. More than a quarter of all covered workers and nearly half of those working for small businesses face an annual deductible of $2,000 or more.

Workers making less than $35,500 are now entitled to mandatory overtime pay from their employers, under new rules announced Tuesday by the Labor Department. The Labor Department under President Barack Obama tried to raise the threshold to $47,000, a shift that would have given overtime pay to 4 million additional workers. President Trump’s Labor Department…

Minneapolis Federal Reserve President Neel Kashkari says two factors are holding the U.S. economy back right now: President Trump’s trade war and high interest rates. The current U.S. interest rate is a bit below 2 percent after the Fed lowered it slightly last week. “I’m concerned that we’ve needlessly raised interest rates over the past three years and put the…

President Trump blasted the process as too aggressive. President Trump spent nearly a year insisting that the Federal Reserve should stop shrinking the massive holdings of government-backed securities on its balance sheet, arguing that the process was reining in the United States economy. The tightening, which took place between late 2017 and last month,…

Millennials growing pool of assets are the future lifeblood of financial advisors. So keeping up with millennial characteristics is vital for success.

If ever there was a case of political miscalculation, it’s the collapsing relationship between President Trump and the chair of the Federal Reserve Board, Jerome H. “Jay” Powell. Jay Powell and the Federal Reserve Fail Again, “Trump tweeted. Previously, Trump had called Powell a “bonehead” and an “enemy” of the country, comparing him to Chinese President Xi Jinping.

She has struggled with white, working-class voters like those important to winning Pennsylvania, Michigan and Wisconsin. ORLEANS, Mass.— I have voted two times for Elizabeth Warren to represent Massachusetts in the Senate. Trump’ s victory like Michigan, Pennsylvania and Wisconsin.

In this excerpt from a new IBD profile of $559 million Alger Focus Equity Fund, the savvy fund managers explain why they like Apple stock.

According to an article from law firm Venable posted on legal news site Lexology.com, Virginia’s State Corporation Commission’ s ban on investment advisers operating in the state from using mandatory arbitration clauses in advisory contracts went into effect this week, but is unlikely to withstand a legal challenge.. It was meant to combat the“ growing trend…

A Fed rate cut was paired with mixed signals on future cuts, but stocks rebounded after Fed chief Powell hinted at new balance-sheet expansion.

The Dow Jones industrials and other key indexes extended losses in today’s stock market, after the Fed cut its benchmark interest rate by 25 basis points.

The Federal Reserve stepped into financial markets on Tuesday to keep short-term interest rates from rising— the first time the central bank has had to carry out this type of“ market operation” since the global financial crisis. The New York Fed announced Tuesday that it would conduct a second, similar operation on Wednesday to help keep the fed funds rate in its…

Federal Reserve Chair Jerome H. Powell faces one of the toughest moments of his tenure on Wednesday as he faces close scrutiny– from Wall Street and the White House– about his leadership of the central bank. Trump and many on Wall Street want several more cuts by the end of the year, but some economists and top Fed leaders say the economy is doing well enough that it…

President Trump is counting on a strong economy to propel him to reelection in 2020, but his signature issue now looks dicey. But they have yet to find a zinger as effective as what they used during last year’s midterm elections, when Democrats characterized the GOP tax cut as tilted heavily toward the rich. Most forecasters predict a trickier situation: The U.S….

But a prolonged surge in gasoline prices after the attacks on oil production facilities in Saudi Arabia could undermine that phenomenon and increase the risk of a recession. “It’ s clearly not a positive, and it adds a negative to the outlook,” said Steve Blitz, chief United States economist at T.S. Monday’ s jump is expected to add roughly 20 cents to gas prices, which…

WASHINGTON— The Federal Reserve is poised to cut interest rates for the second time this year on Wednesday as policymakers try to get ahead of economic risks emanating from a global slowdown, President Trump’ s trade war and uncertainty about the road ahead. The central bank’ s leadership is under immense political pressure from Mr. Trump, who denounces its…

WASHINGTON– The Federal Reserve is poised to cut interest rates for the second time this year on Wednesday as policymakers try to get ahead of economic risks emanating from a global slowdown, President Trump’s trade war and uncertainty about the road ahead. The central bank’s leadership is under immense political pressure from Mr. Trump, who denounces its…

The financial services industry is attempting to move away from harmful sales practices toward more customer-friendly standards. Much has been written about the Securities and Exchange Commission Regulation Best Interest adopted in June 2019 that governs the sale of investments. In the annuity and life insurance markets, New York Department of…

That occurred clearly recently when the 2- year Treasury bond yield crossed below the 10- year, and it has done that further more recently. And Treasury bond yields have been so manipulated in the last decade of QE that who knows how meaningful that is anyway…. My first non-mainstream indicator was the Dow Jones Home Construction index that peaked in late 2005, 26…

Former Federal Reserve Chair Janet Yellen said that while the U.S. economy was in a good place, threats to the outlook have increased and the central bank will continue to respond. But she acknowledged that the chances of a U.S. recession had increased- repeating a warning she made last month- though it was still not what she was forecasting to occur.