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04/20/2016

The Price of Oil and Equity Markets: How Interconnected are They?

The weekend meeting of major world oil producers in Doha intended to craft a freeze in oil production has ended without an agreement. Iran’s refusal to attend, and Saudi Arabia’s insistence that all OPEC members agree to the freeze resulted in a stalemate. As a result, the price of oil is once again in retreat. The biggest immediate losers are the producing countries whose fiscal budgets have been bludgeoned by the plunge in crude prices. And all but the lowest cost shale producers in the U.S. will remain under pressure to curtail production further.  
 
04/11/2016

Earnings, Oil and the Economy

This is the week when the stock market will be forced to confront its fears. After absorbing a first quarter decline of 11 percent, as investors wrestled with growth fears, aided and abetted by a collapse in oil, tighter U.S. monetary policy and downward earnings revisions, stocks valiantly fought their way back to even. Oil rallied on hopes for a supply response to the oversupplied market, the Federal Reserve backed-off its projected rate increase trajectory, even as the economy showed some resiliency and lower earnings were increasingly dismissed as old news that was already discounted. The week ahead will begin to reveal if the stocks have rallied in vain.
 

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Latest Research

Boomers: How will you pay yourself in retirement?

New Ameriprise research uncovered differences between how retirees and pre-retirees are designing their retirement income plan. Marcy Keckler, vice president of financial strategy, discusses the findings.