Often, we’ll hear from clients about articles in the media on market and economic topics, which we find to be wildly wrong, nonsensical, or speculative at best. This post is a reminder that journalists are not economists; they are not equity or fixed income analysts; and they rarely report in an unbiased way.
The elements of good financial reporting include:
- the facts, ma’am, definitely the facts, from verifiable sources
- reasonable grounding in basic economic theory such as supply and demand, social goods, pricing theories and so forth
- lack of bias, examination of several points of view
Some sources we like for financial news include:
- Reuters, market section http://www.reuters.com/finance/markets
- Bloomberg https://www.bloomberg.com/markets
- St Louis Federal Reseve for data https://fred.stlouisfed.org/
- The Wall Street Journal
- Some subscription services such as Value Line, Morningstar, and The Economist can be good sources of more specific information, such as company reports, global economic trends, and so forth
This is by no means a complete list, but these sources will get you started!