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Gold Drops to Seven-Week Low on Fed Rate Hike Prospects

Posted Wed, May 25, 2016
Reuters by Koustav Samanta Gold dropped to a seven-week low on Wednesday, driven by expectations of an early interest rate hike by the U.S. Federal Reserve. Bullion has taken a beating from the prospect of an imminent rate increase, as indicate...    view full article >>
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Stocks Climb as Financial Shares Lead Gains; Dollar Strengthens

Posted Tue, May 24, 2016
Bloomberg by Inyoung Hwang & Oliver Renick U.S. stocks joined a rally in European shares as growing conviction that the Federal Reserve will raise interest rates this summer sparked gains in financial shares. The dollar rose and Treasuries fell as ...    view full article >>
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Big Insurers Will Get Less-Costly Capital Standard

Posted Fri, May 20, 2016
Bloomberg by Jessie Hamilton The biggest and most complex U.S. insurance firms are in line to face capital standards that are simpler and less costly than those imposed on Wall Street banks,¬†Federal Reserve Governor Daniel Tarullo said Friday. ...    view full article >>
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Stocks Fall 1% With All Major Indexes Red for 2016

Posted Thu, May 19, 2016
CNBC by Evelyn Cheng U.S. stocks traded lower Thursday, with the three major indexes in the red for the year so far, after Wednesday's release of the Fed meeting minutes indicated a rate hike was possible as soon as June if the data improves. "...    view full article >>
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Hottest Investment Among America's Millionaires: Pretty Much Nothing

Posted Wed, May 18, 2016
CNBC by Eric Rosenbaum Wealth manager Ron Carson was recently at the Kentucky Derby with a client, an owner of Kendall-Jackson Wines. A horse that finishes in a strong position can turn out to be a pretty good investment for the wealthy. Think of a...    view full article >>
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Make America Gold Again: Calls for Everyone's Favorite Standard Are Back

Posted Tue, May 17, 2016
Bloomberg by Michelle Jamrisko When times are tough, new economic theories get a better hearing. Maybe some old ones, too. The gold standard is one of the oldest ideas about money, but the hardest of hard-money hawks sense an opening to breathe...    view full article >>
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Ann Bihm
Client Services / Executive Assistant


Ann is the gateway to Womack Investment Advisers, serving as the initial contact for our investme...

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