A thousand dollars here, a thousand dollars there — it begins to really add up. The recent reduction in Vanguard and Schwab ETF fund fee cuts, and in TD Ameritrade Institutional's trade commission, are doing just that.
No Convergence Between Hard and Soft Data in Q1 GDP Numbers
The conundrums continue. Despite strong consumer and business confidence, economic activity is tepid. Q1 GDP growth was only 0.7 percent, and real personal income wage growth was only 1.0 percent. Right now markets are betting that economic activity will rise to meet the high levels of confidence. We hope the markets are right, but we have our doubts.
