Daily Data Flow: U.S. Stocks Rise; Baby Boomers Boost Savings

Daily Data Flow

U.S. Stocks Rise as Finance Chiefs Meet on Greece Aid (Bloomberg)
U.S. stocks rose, after the Standard & Poor’s 500 Index’s biggest weekly retreat since June, as investors awaited budget talks in Washington and European finance chiefs met to discuss Greek aid. “We’re watching the news headlines which will all be about the fiscal cliff for the next six weeks,” said Thomas Nyheim, a Wilmington, Del.-based fund manager for Christiana Trust, which oversees about $15 billion. “Greece will probably get their bailout deal.”

Baby Boomers Blunt Fed Easing While Saving for Retirement (Bloomberg)
“Spending decisions of the older age cohorts are less likely to be easily stimulated by monetary policy,” William C. Dudley, president of the Federal Reserve Bank of New York, said in a recent speech, helping to explain why the economic recovery has been weaker than expected. People usually save more as they near retirement. Now, the effect is magnified because Americans’ wealth has been depleted by the financial crisis, which decimated home values and retirement accounts invested in stocks, according to Britt Beemer, chairman of America’s Research Group Ltd., a Summerville, S.C.-based consumer-behavior research company.

China’s Financial Reformers Adapt Party Rhetoric in Low-key Pitch (Reuters)
Reform-minded members of China’s Communist Party hierarchy this week argued for far-reaching changes to the country’s financial system to help fix broader social problems, such as a divisive gap between rich and poor, and ruin of the environment. Buried in their carefully worded statements, reformers made veiled calls for further liberalization of interest rates, which could increase private businesses access to capital, as well as increase interest income for China’s vast population of savings account holders.

Exclusive  Markets Move from ‘Fear’ to ‘Greed’

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

As we all are well aware now, the 2012 presidential election is over, and President Obama will remain in office for the next four years with control of the House retained by the Republicans, while Democrats continue to rule the Senate. With that overhang now eliminated, the near-term focus of the stock market has shifted to the "fiscal cliff" and whether or not a deal to avert the looming potential sequestration and tax hikes can be struck before they take effect Jan. 1. In the mind's eye of

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE