Market slide gains momentum

Today's <i>Breakfast with Benjamin</i> looks at what the jobs report could mean for stocks, Argentina's strategy of denial and Federal Reserve data cherry-picking.
AUG 01, 2014
  • The market selloff goes global and today's equity market futures don't look much better as the jobs report could paint stocks into a corner. The MSCI All-Country World Index down 0.6%
  • High-yield bond funds relish the new level of volatility because they are flush with cash. An opportunity to re-price risk
  • Argentina's president counters her country's default status by essentially denying it. But Argentina's stock and bond markets continue to deny her denial. 'Atomic silliness'
  • Fed policy has become increasingly flexible thanks to some decisive cherry-picking of economic data. Mandate? We don't need no stinking mandate
  • Adjusting your portfolio based on what you think Fed Chair Janet Yellen is trying to say. Risky business
  • And you think you had a bad day? Detroit Tigers outfielder, Austin Jackson, was traded to another team in the middle of an at bat last night. Yer outta here

Latest News

LPL building out alts, banking services to chase wirehouse advisors, new CEO says
LPL building out alts, banking services to chase wirehouse advisors, new CEO says

New chief executive Rich Steinmeier replaced Dan Arnold on October 1.

Franklin Templeton CEO vows to "do what's right" amid record outflows
Franklin Templeton CEO vows to "do what's right" amid record outflows

The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.

For asset managers, easy experience is key to winning advisors' businesses
For asset managers, easy experience is key to winning advisors' businesses

Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.

Why retaining HNW clients ultimately comes down to one basic thing
Why retaining HNW clients ultimately comes down to one basic thing

New survey finds varied levels of loyalty to advisors by generation.

Stocks drop as investors digest Microsoft, Meta earnings
Stocks drop as investors digest Microsoft, Meta earnings

Busy day for results, key data give markets concerns.

SPONSORED Out with the old and in with the new: a 50% private markets portfolio

A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.