Traders lack ‘an appetite to take action’ as shutdown runs on — analysts react to impasse The partial U.S. government shutdown stretched into a third day on Monday after lawmakers on Sunday failed to reached a deal to unlock stop-gap funding that could end it.
The Senate is now expected to vote on whether to re-open government at noon Eastern Time, but analysts are not optimistic any progress will be made.
Read: Still a stalemate — shutdown will stretch to a third day
Financial markets, however, have largely shrugged off the shutdown, with Dow Jones Industrial Average futures YMH8, -0.16% down only 0.2% and the dollar DXY, -0.07% trading in tight ranges compared with last week.
Read: This is what happens in the stock market when the government shuts down
Analysts are hopeful a solution will be reached this week, but point out that a longer-term impasse could significantly hurt the political landscape and the dollar.
Here are some of the initial reactions to the shutdown that ..Read More →

Opinion: These 5 companies are making money from investors’ love affair with stocks This is the best time in history to be an investor. I’m not just talking about the fact that we are in the middle the of the second-longest bull market in history. (I say “the middle” because the prior record was a 15-year rally that started after World War II, and at roughly nine years in I see no sign of the stock market slowing down.)
The profits from rising stocks are nice, but even better are all the innovations that have allowed cheaper and easier access to capital markets. Deregulation in the 1970s led to the creation of discount brokers. Innovation in the 1980s fueled electronic trading platforms such as eTrade Financial ETFC, +1.17% . The 1990s saw the first exchange-traded funds that tracked the S&P 500 SPX, +0.44% come into their own.
The improvements have continued in this century. Platforms such as Robinhood offer commission-free trading on mobile devices, while Vanguard Group is pushing ..Read More →

This money manager does financial advice work by the books Ask any financial adviser where they get their best referrals and they will typically say, “clients,” followed quickly by “centers of influence, such as CPAs and estate planning attorneys.” Usually, they are quick to add that it is hard to establish trust-based relationships with CPAs and attorneys because every other financial adviser in the community is courting them and trying to generate referrals, plus legal and accounting professionals tend to be a very busy and skeptical group as a whole.
Another wrinkle in this scenario is that CPAs and attorneys just don’t have a great number of clients to refer – and, for financial advisers hoping to provide their services to a right-fit clientele, waiting for those life inflection points where the individual or couple realizes they need a professional financial plan or ongoing investment management services can require a good deal of patience.
Still, financial advisers need to sti..Read More →

Oil prices edge up after Saudi urges producers to cooperate into 2019 Oil prices inched higher on Monday, boosted by comments from OPEC kingpin Saudi Arabia that the cartel and other major oil producers could extend their cooperation beyond 2018.
West Texas Intermediate crude oil for February CLG8, +0.21% — which expires after end of trade on Monday — rose 7 cents to $63.44 a barrel, on the heels of a 1.5% loss last week. The March contract CLH8, +0.14% picked up 2 cents to $63.33 a barrel.
Brent for March LCOH8, +0.12% climbed 2 cents to $68.64 a barrel.
“Oil prices are on the rise this morning, as OPEC and Russia have signaled their intent to cooperate on supply beyond the current deal terms,” said Rebecca O’Keeffe, head of investment at Interactive Investor, in a note.
“However, OPEC and Russia are just one half of the supply story, as producers in the U.S., Canada and Brazil are all expected to ramp up output in response to higher oil prices. With these new dynamics in the o..Read More →

FTSE 100 steady, but pound pain persists U.K. stocks held to thin gains Monday, feeling the weight of persistent strength in the pound against the U.S. dollar, but the London benchmark was aided by gains for energy companies and Barclays PLC.
Meanwhile, shares of bookmakers were slammed lower on fears that a possible regulatory move by the British government will cut into their revenue.
How markets are moving: The FTSE 100 index UKX, +0.04% was up less than 0.1% at 7,731.14, but the index had been down as much 0.3% as trading got underway.
Health care, utility, oil and gas and telecom stocks rose, but decliners were led by the consumer services, tech and industrial groups. On Friday, the benchmark increased by 0.4%, the first win in five sessions. But it fell 0.6% last week, the first weekly loss in seven.
The pound GBPUSD, +0.3754% traded at $1.3901, up from $1.3853 on Friday in New York.
Read: Why one contrarian investor says the British pound could rally to $1.40 in 2018
..Read More →

Should you be cautious or carefree with your retirement savings? This article is reprinted by permission from
How do you know if you’ve saved enough money to afford to retire? And what’s the best way to draw down your hard-earned retirement savings to last the rest of your life?
These are tough questions that can stump trained actuaries and investment advisers, let alone ordinary workers who are approaching their retirement years. I’ve thought about these questions often as a consulting actuary, financial writer and researcher who has studied the topic of retirement for more than 40 years. Now that I’m in my mid-60s, I need to answer these questions for myself.
Left to their own devices, retirees tend to fall into two camps when deciding how to deploy their retirement savings:
1. Cautious retirees conserve their savings, minimizing withdrawals or treating savings as an emergency fund.
2. Carefree retirees “wing it” and use their savings like a checking account, spe..Read More →