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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop advisors says people are worried, but they don't need to make major changes to their portfolioLee Baker of Apex Financial and Eric Beiley of Steward Partners discuss what may drive the markets in the final few months of the year in this new higher rate environment.
Persons: Lee Baker, Eric Beiley Organizations: Apex Financial, Steward Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeiley: The tightening of credit is raising the cost of capital, which is a negative for marketsEric Beiley, Executive Managing Director at Steward Partners Global Advisory, discusses the markets, earnings, and the regional banking sector.
But they’ve cheered savers by breaking a decadelong streak of near-zero returns on cash parked in savings accounts, CDs and the like. Where interest rates are headed nextThe opportunity might not last. The fed-funds rate, which banks use to set savings and CD rates, now appears more likely to fall than rise further. What it means for your moneySavings and CDsGiven the likelihood that we’re at peak interest rates, using CDs to lock in high yields may be a good idea. On the home buyer front, the median sale price of an existing home fell 12.3% between June and February as higher mortgage interest rates weakened demand.
Beiley: Markets have gotten ahead of themselves at these levels
  + stars: | 2023-02-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeiley: Markets have gotten ahead of themselves at these levelsSteward Partners Global Advisory's Eric Beiley discusses how he views the markets.
How High Will Savings Rates Go in 2023?
  + stars: | 2022-12-08 | by ( ) www.wsj.com   time to read: +6 min
By Steve GarmhausenInterest rates on savings accounts have been rising fast, and savers are likely to see more improvements in 2023. Where are interest rates headed in 2023? Will savings rates go up in 2023? Though they take their cues from the fed-funds rate, banks tend to take weeks or even months to hike their savings account rates. The Fed could cut rates sooner than expected, pulling savings rates down in the process.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo money managers discuss how to position your portfolio during earnings seasonEric Beiley, Executive Managing Director at Steward Partners Global Advisory, and Degas Wright, Founder, CEO, and CIO of Decatur Capital, join Worldwide Exchange to discuss how a busy week of earnings could affect the markets.
Two money managers explain their investment strategies
  + stars: | 2022-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo money managers explain their investment strategiesEric Beiley, Executive Managing Director at Steward Partners Global Advisory, and Catherine Faddis, Founder and CEO of Grace Capital, join Worldwide Exchange to discuss the recent markets sell-off, the inverted yield curve, and the trading day ahead.
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