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Federal Reserve issues FOMC statement
December 16, 2015--Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the housing sector has improved further; however, net exports have been soft.
A range of recent labor market indicators, including ongoing job gains and declining unemployment, shows further improvement and confirms that underutilization of labor resources has diminished appreciably since early this year. Inflation has continued to run below the Committee's 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; some survey-based measures of longer-term inflation expectations have edged down.
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Source: federalreserve.gov
With Fed's Interest Rate Move, a Test of the Stock Markets
December 16, 2015--The extraordinarily low interest rates of the last seven years have stoked a bull market in stocks, fueled a global boom in commodities, prompted a wave of corporate mergers and led companies to borrow trillions of dollars in the markets.
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Source: New York Times
Exchange operator BATS files to go public
December 16, 2015--BATS Global Markets Inc filed for an initial public offering with U.S. regulators on Wednesday, in what would be the exchange operator's second attempt at going public.
The company told the U.S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, Citigroup, BofA Merrill Lynch and J.P. Morgan were among those underwriting the IPO.
CFTC Unanimously Approves Proposed Enhanced Rules on Cybersecurity for Derivatives Clearing Organizations, Trading Platforms, and Swap Data Repositories Main Street's Muni-Market Fight With Fed Gains Force in Congress view more Good Stocks for Bad Times view more ArthVeda Capital Introduces Smart AlphaTM Indexes view more
BATS Welcomes Two New Pacer ETFs
Pacer Autopilot Hedged European Index ETF (BATS: PAEU)-This ETF seeks to track the total return performance, before fees and expenses, of the Pacer Autopilot Hedged European Index
view more Who Wins, Who Loses With New DOL Rule? $3 Trillion in Play view more High Yield ETFs Hit Record Trading Levels view more
Source: Reuters
December 16, 2015--The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to approve two proposals for amendments to existing regulations addressing cybersecurity testing and safeguards for the automated systems used by critical infrastructures the Commission regulates.
The proposals will be open for public comment during a 60-day comment period after their publication in the Federal Register.
December 15, 2015--Lawmakers back letting banks use munis to meet liquidity rules
Local officials say regulation would weaken demand for debt
Main Street and Wall Street are fighting the U.S. Federal Reserve over municipal bonds--and they're gaining ground.
Source: Bloomberg
December 15, 2015--The world is rife with turmoil and volatility. But we’ve found 16 investments that offer a measure of stability in the midst of chaos.
When it comes to stocks, the only thing that feels certain right now is uncertainty. Perhaps rising wages, low debt, and pent-up housing demand will spark consumer spending and boost the economy and stock market alike. Maybe the war on ISIS and chaos in the Middle East will propel oil prices back to $100 a barrel and restore the once-lofty stock prices of drillers and military contractors.
Source: Fortune
New index series mitigates risk while using market inefficiencies to enhance performance
)December 15, 2015--ArthVeda Capital, a top-ranked global asset management firm, announced today the launch of its Smart AlphaTM Framework and its initial suite of eight Indexes.
Smart AlphaTM is a rules-based, value investing framework that produces a portfolio of low risk, high quality stocks that are available at a discount to intrinsic value.
Source: ArthVeda Capital
December 15, 2015--New ETFs Begin Trading Today on The BATS ETF Marketplace
BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed two new ETFs from Pacer ETFs to the BATS ETF Marketplace.
These new ETFs began trading today on BATS:
Pacer TrendpilotTM European Index ETF (BATS: PTEU)-This ETF seeks to track the total return performance, before fees and expenses, of the Pacer Trendpilot European Index.
Source: BATS Global Markets, Inc.
Morningstar analyst looks at the costs and benefits the financial services industry may face in '16
December 31, 2015--Morningstar analyst Stephen Ellis has taken a close look at the costs the financial-services industry will have to cover and the adjustments it will make if-or most likely when-the proposed Department of Labor fiduciary standard goes into effect in 2016.
Overall, Ellis says in an online article published on Tuesday, the new rules are likely to impact some $3 trillion of client assets and $19 billion of revenue at full-service wealth management firms.
Source: thinkadvisor.com
December 15, 2015--Trading volume in junk bond ETFs has just broken through a new threshold without collapsing, a fact that asset managers are using to tout the safety of their fixed income ETF structures.
The last several trading days has seen huge amounts of junk ETFs trade, with BlackRock's HYG seeing $4.3 bn volume of last Friday, far surpassing the previous record of $2.1 bn last Tuesday.
Source: worldfinancialdigest.com
