COVID is still driving the markets. How can investors protect themselves? The managing director of Schwab, Jeffrey Kleintop, offers analysis and advice. Guggenheim Investments sees no reason to panic about inflation. Advisor Perspectives covers their response to the headlines. The lack of regulations on stablecoins calls for action. That’s according to Treasury Secretary Janet Yellen and Fed Chair Jerome Powell, as Pete Schroeder reports for Reuters.
Where To Invest Now: COVID And Correlation — 2020 will be known as the pandemic year, but COVID-19 is still around and driving 2021, too. New COVID-19 cases, driven by the rapidly spreading Delta variant, seem to be driving the stock market’s rotation this year. Today, U.S. and international stocks are moving out of sync with each other to a degree not seen in many years. The solution for investors is to diversify. Read more…
Still No Reason To Panic About Inflation — June’s Consumer Price Index (CPI) again surprised to the upside, adding fuel to headline-writers’ panic about inflation spikes and market speculation that the Federal Reserve (Fed) will need to act soon to rein in prices. The team at Guggenheim Investments is not nearly as concerned. Read more…
Yellen Urges Quick U.S. Adoption Of Stablecoin Rules — Treasury Secretary Janet Yellen told regulators Monday that the U.S. government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. Fed Chair Jerome Powell told lawmakers during congressional hearings last week that their lack of appropriate regulation is a point of concern. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller