FOMC: "We believe that any taper tantrum angst is premature, however. Next week’s Fed meeting should make an explicit reference to a rate move in December but there seems to be less scope for aggressive tightening of US financial conditions given that the implied probability of a hike is already close to 75%. We doubt that there will be a sustained risk selloff either, especially if the non-farm payrolls and ISM data underpins the constructive outlook for the US economy and adds to the recent stream ...
U.S. Stocks on Wrong Side of History With Rate Rise in Sight (Bloomberg)Stock Buybacks That Hurt Shareholders (NYT)Calpers to Cut External Money Managers by Half (WSJ)The Ideal Financial Advisor: Part Human, Part Droid? Investors are finding more hybrid financial services that offer both custom advice and automated options.(USN&WR)Doug McMillon: The man who’s reinventing Walmart (Fortune)Everyone wants to be happy. Almost everyone is ...
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