Wealth advisors should consider capitalizing on recent stock market downturn triggered by a surprising Consumer Price Index (CPI) report from March.
Charles Schwab's first-quarter profit fell 15% as higher interest on clients' deposits and borrowings offset gains from a surge in asset mgmt fees.
The latest inflation report has significantly influenced market dynamics, with bond yields rising sharply and stock prices taking a considerable hit.
Central banks globally were caught off guard by the inflation surge that began three years ago, and are keen to correct their forecasting missteps.