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We talked to the chief investment strategist at $6 trillion fund giant BlackRock about stocks, bitcoin and the Fed

“You see great momentum in financial stocks, in many industrial stocks, in many material stocks right now” writes Graham Rapier for businessinsider.com. If you sold every time we were in a low volatility environment, you’d miss a huge amount of upside.The low volatility environment we’re in today reflects the very stable economic environment we’re in.The economic data is incredibly stable, it’s low volatility economic data.Turnill: We absolutely see opportunities within the US market, and actually the economic environment in the US is very attractive. Source: businessinsider.com Share This:

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Europe’s fastest-growing economy could be headed for trouble

“Nike’s chief of design doodles all day The inclinations of this retiree at the AFI Cotroceni mall help explain why Romania is the fastest-growing economy in Europe” writes Peter S for cnbc.com. For now, any comparison to Greece, the most extreme example of an economy wrecked by unrestrained government largess, stretches credulity. Source: cnbc.com Share This:

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Dow 23K: More new highs ahead, market expert says

“Hedlund noted that record closes on the Dow, Nasdaq, S&P 500 and the Dow Jones Transportation Average in October signal the extensive strength of the market run” reports foxbusiness.com. As the Dow reaches yet another new psychological milestone, some investors are worried the bull market might be overdone.All three major indices opened Thursday’s trading session lower. Source: foxbusiness.com Share This:

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Experts are usually right, but it’s okay to be skeptical on big policy questions

“This conflation of individual expertise with political and social wisdom erases the distinction between the intimate orders of personal life and the extended order of the market society” writes Jerrod Laber for washingtonexaminer.com. But when experts claim to have an answer for big social problems, or a dire warning that if we don’t heed their public policy preferences there will be economic ruin (or some other scary scenario), it’s okay to be skeptical. Source: washingtonexaminer.com Share This:

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Need proof that tax cuts promote economic growth? Look to the states

“The State Business Tax Climate Index is an annual ranking of state tax systems and how well they are structured to promote economic growth” writes Akash Chougule for washingtonexaminer.com. According to the American Legislative Exchange Council’s “Rich States, Poor States” report, the top 10 states for economic growth (looking backward) were Texas, North Dakota, Washington, Utah, Colorado, Oklahoma, Oregon, South Dakota, North Carolina, and Montana.These tax and fiscal rankings mean more than just numbers on paper – they directly impact economic growth and thus people’s wellbeing, as evidenced by the…

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U.S. leading economic indicators fall for first time in a year — and hurricanes are to blame

“The numbers: The index of leading U.S. economic indicators fell 0.2% in September, marking the first drop in 12 months” writes Jeffry Bartash for marketwatch.com. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.Big picture: The sturdy U.S. economy mostly absorbed the damage from a pair of major hurricanes in September.The Dow Jones Industrial Average DJIA, -0.33%  fell Thursday, a day after the index closed above 23,000 for the first time.What happened: The decline stemmed partly from the “temporary impact of the recent…

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China’s economic growth stays stable as ruling party meets

“China’s economic growth stayed relatively stable in the latest quarter, buoyed by strength in retail spending and exports, giving the ruling Communist Party a boost as President Xi Jinping prepares for a new term as leader” reports foxbusiness.com. The International Monetary Fund has forecast China’s full-year growth will hold steady at last year’s level of 6.7 percent.Communist leaders are trying to steer China to slower, more sustainable growth based on consumer spending instead of exports and investment. Xi’s speech Wednesday included no growth target but he said “development is the…

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Futures Markets News Stocks 

Asia Markets Gain on Economic Data; U.S. Stock Futures Quiet

“China’s GDP expanded 6.8% year-over-year in the third quarter, in line with expectations, according to data from the National Bureau of Statistics” writes Thestreet Staff for thestreet.com. Eastern, and Nasdaq futures edged lower by 0.04% to 6,116.50.S&P futures were flat just after 11 p.m.Dow futures were up 0.02% at 23,118.In Japan, the Nikkei also took strength from data, showing Japanese exports rising for the 10th straight month in September. Source: thestreet.com Share This:

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The simple way to save tax reform and the 20 percent corporate tax rate

“That is when the biggest threat to tax reform will emerge — an army of lobbyists unleashed to save their special tax breaks and loopholes” writes Bruce Thompson for washingtonexaminer.com. One of the most important features of the tax reform plan now under consideration in Congress is the reduction in the corporate tax rate from 35 to 20 percent.Each loophole or tax break saved by the special interests will reduce the revenue needed to get to the 20 percent rate, reduce the economic benefits of tax reform, and curb overall…

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