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The S&P 500 Index closed at an all-time high on Friday, December 6, bringing its year-to-date return to 14.5% on a price-only basis. Clearly, the basket of FAANG+M stocks, or mega-caps, were an early driver of the market's advance, but now a broader set of equities is participatin...
Are markets too bullish on vaccine hopes? The risk of a double-dip economy. 2021 headwinds for the U.S. economy. For further details see: Markets Rise On Vaccine Hopes. Is It Enough To Keep The Economy Growing?
The problem is that the stimulus does not create organic, sustainable economic activity. Stimulus only pulls forward future activity into the present, leaving a future void to fill. Currently, the market is extremely "one-sided" as investors chase markets. It is at these points in...
November non-farm payrolls gained 245,000, only about half the mean forecast - and down from October's 610,000. It was the weakest job growth since April's employment debacle. U.S. equities rallied on the disappointing news. Bad news has never been more positively received by the stoc...
Wall Street's rally is a reflection of a weakening U.S. dollar. Investors are using equities to hedge against coming inflation. The bull market may sputter next year if dollar weakness persists. For further details see: Equities Are Now A Weak Dollar Play
Who would have thought that we would be talking about the potential for an overheating economy at this juncture? Investors have been caught on the wrong foot, holding record levels of cash and bonds while being underweight inequities. We expect record operating margins, profits, and c...
Broad US equities continued their momentum from Q2 following the dramatic COVID-19-driven decline earlier in the year. The S&P 500 rose 9% in Q3 after a 20% rise in Q2. Value-oriented stocks underperformed the broader market on concerns about economic fragility, the expiration of ...
The Institute for Supply Management's composite services index posted a reading of 55.9 in November, dropping 0.7 points from 56.6 in the prior month. Despite the second small decline in a row, the November results remain solidly above neutral. The report suggests that the service...
Initial claims for regular state unemployment insurance totaled 712,000 for the week ending November 28, down 75,000 from the previous week's revised tally of 787,000. The drop in weekly claims in state programs follows two increases that drove the four-week average to its first incre...
Political Calculations' initial estimate of median household income in October 2020 is $66,066. This is an increase of 0.6% above the initial estimate of $65,630 for September 2020. Significant upward revisions were made to the BEA's aggregate personal wage and salary income data ...
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Virtus Total Return Fund Inc. Company Name:
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HARTFORD, Conn. , Nov. 18, 2019 /PRNewswire/ -- The reorganization of Virtus Total Return Fund Inc. (NYSE: ZF) with and into Virtus Global Dividend & Income Fund Inc. (NYSE: ZTR) has been completed. ZF ceased trading and dissolved as of the close of business on Friday, November ...
HARTFORD, Conn. , Nov. 4, 2019 /PRNewswire/ -- The Boards of Directors of Virtus Global Dividend & Income Fund Inc. (NYSE: ZTR), Virtus Total Return Fund Inc. (NYSE: ZF), and Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), and the Board of Trus...
HARTFORD, Conn. , Oct. 2, 2019 /PRNewswire/ -- Virtus Total Return Fund Inc. (NYSE: ZF) previously announced the following quarterly distribution on September 25, 2019 : Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution...