Three market strategists participating in an InvestmentNews webcast favor stocks over bonds in 2013 and see the economy growing slowly amid more bickering in Washington.
In the eleventh hour of the first night of 2013, Congress passed legislation which, among tax increases and other items, left the municipal bond coupon tax-free and unscathed.
Five shops agree to $3.35 million Finra fines, $1.13 million in restitution.
As the clock ticks down on the final day of 2012, the financial markets show a glimmer of hope that Washington will get its act together and reach some kind of agreement ahead of the year-end fiscal cliff.
More discussion of the Mayan calendar? Nope, those words were spoken today about the muni market, which is having its roughest time since Meredith Whitney's dire prediction in 2010.
Munis look to be marginally unfavorable not because of state and city finance issues, but expected yields compared to other taxable bonds.
Knock-on effect of hiked borrowing costs would force municipalities to raise other levies; robbing Peter
Bond whiz foresees loads of defaults ahead; 'pressure cooker'
Famed strategist says U.S. stocks will keep on keeping on; emerging markets passé
Bank-loan funds are red hot these days. Even Jeffrey Gundlach's DoubleLine, which only operates five funds, plans to dive in.
Forget the 'new normal.' Investment strategist Richard Bernstein sees a long bull run for U.S. stocks.
Linking monetary policy to unemployment, inflation drive big fluctuations.
Investors ignoring downgrades to sovereign debt; 'lagging indicator'
Tax talk, new issues, profit-taking spark sell off, roil the market.
If lawmakers try to balance the federal budget by taxing muni bond income, individual states will have the green light to start taxing the income from Treasury bonds owned by state residents.
Goldman Sachs senior investment strategist the latest to make bearish call on fixed-income; credit hedge funds no place to hide, either
