WSJ Wealth Adviser Briefing: Gold Protection, Vacation Home Demand, World Series Seats

The XY Planning Network has decided not to take its case against the SEC’s Regulation Best Interest to the Supreme Court. Instead, the network of fee-only financial advisers plans to focus its energies on supporting states that enact their own fiduciary rules.

Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.

ELECTION

Investors Prepare for Higher Treasury Yields as Election Looms: A government controlled by one party is seen as more likely to expand the federal budget deficit, which could lift bond yields.

CORONAVIRUS OUTLOOK

Coronavirus Pandemic Speeds Shift to Cleaner Energy: Spending on oil and gas has fallen much more than investment in renewables, according to International Energy Agency.

PLANNING & INVESTING

Does Gold Protect Your Investment Portfolio? Think Again: After falling alongside stocks amid March’s market panic and again last month, the metal might continue to move with shares for some time.

MARKET TALK

From Dow Jones Newswires

Small firms have trouble accessing credit regardless of shocks such as the Covid-19 pandemic, researchers from the New York Fed’s Liberty Street Economics say in a new paper. Among other things, small firms typically have much tighter loan terms, with shorter maturities and still higher interest rates than larger ones. A crisis can exacerbate the problem, as tougher terms keep smaller borrowers at bay. “Bank liquidity in bad times such as the Covid shock mostly flows toward larger rather than smaller borrowers,” the researchers say, adding that this situation “can have wider detrimental economic effects.” (paulo.trevisani@wsj.com; @ptrevisani)

US inflation comes in line with expectations, at 0.2% in September, but underlying trends make it hard to foresee how prices will behave after the pandemic, says Amherst Pierpont’s Stephen Stanley. “I am far more open–minded than most Fed officials, who continue to assert with a puzzling degree of certitude that inflation will be soft for years because the unemployment rate is high,” Stanley says. He believes price increases may come back stronger than expected, once Covid-19 is under control, “but we may not get much insight into that issue until the turn of the year or later.” (paulo.trevisani@wsj.com; @ptrevisani)

BUSINESS & PRACTICE

Global Companies Are Caught Between New Taxes and a Trade War: The prospect of a higher corporate tax rate isn’t so unappealing when set against the risk of a chaotic trade and tax battle.

IMPACT INVESTING

Best Companies at Managing Environmental Risk: Heavy-goods makers lead the way in this category of the WSJ 100 sustainable companies ranking.

TALKING POINTS

Vacation Home Demand Soars During the Covid-19 Pandemic: Hilton Head, S.C., and the Poconos are among the popular destinations where Zillow Group reports higher pending sales.

TRAVEL & LIFESTYLE

Want to Go to the World Series? It’ll Never Be This Cheap Again: After a season played in empty ballparks because of the coronavirus pandemic, MLB is allowing a limited number of fans into Globe Life Field in Arlington, Texas.

ABOUT US

The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron’s, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery.

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