Dalton — Last week the main regulatory body for brokers took another shot at regulating wayward financial advisors and whiffed. I won’t drag you through the details of the new SEC disclosure and compliance requirements (the final document is 524 pages), but it doesn’t do enough to protect investors. You know all those documents you get and never read when you invest in something? Well, apparently the regulators deem it sufficient to bury the fact that the broker doesn’t have to have your best interests in mind in legalese. The new regulations fail to properly inform investors that financial advice given by a broker may be solely incidental, and mostly its intent is to drive revenue to the financial firm and the broker.
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Upside down you’re turning me
by Allen Harris
Dalton — Last Thursday, July 18, the yield curve (the spread between yields on 10-year and three-month U.S. Treasuries) turned un-inverted for the first time since May 23 and ended a 40-day streak at inverted levels. As a...
Make Vietnam Great Again?
by Bill Schmick
Funny things happen when our government starts tinkering with the economy in a big way. Unpredictable results, unintended consequences, and confusion often result. U.S. tariffs on China is a case in point.
All eyes on the Fed
by Bill Schmick
It was a week of chop. That was to be expected, given it was the first week of second quarter earnings results. While some individual big-name stocks made substantial moves, the overall indexes traded up and down but...