‘Crystal Ball’ Breaks as Traders Fail to Get Rich in New Study

Published on September 27, 2024

If investors had known in advance the size of the Federal Reserve’s latest interest-rate cut, would they have made big money on stocks and bonds trading on this market-moving intel?

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G17: Seasonal factors for motor vehicle sales have been released

September 27, 2024
The Federal Reserve has re-estimated seasonal factors for motor vehicle sales,using data through April 2024; in the estimation, data for September through November 2023 as well as for January 2024 are identified as outliers because of the United Auto Workers strike and winter storms. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2025

$2B New York Team Joins Wells Fargo From J.P. Morgan

September 27, 2024
The Canell Group includes the sibling advisory duo Jay and Neil Canell. They’re joining Wells Fargo’s Private Client Group along with four advisors and support staff.