Active investment management’s weekly magazine for fee-based advisors

First Trust

More trouble ahead for markets?

W​e had been bullish on stocks since March 2009, when mark-to-market accounting was fixed and the financial panic started to recede. At that time, the S&P 500 traded as low as 677. What a time to buy! After that, we remained bullish. We didn’t...

The Fed goes bigger

The Federal Reserve raised rates by three-quarters of a percentage point (75 basis points, or bps) on June 15, the most at any meeting since 1994 and exactly the move Chairman Jerome Powell was dismissive about in early May after the last meeting. As a...

Recession unlikely in 2022

The consensus among economists puts the odds of a recession starting sometime in the next year at 30%, according to Bloomberg’s most recent survey. No wonder the S&P 500 is deep in correction territory and flirting with an official bear market. We...