The Larry Summers Effect
The following video is from Monday's edition of Investor Beat, in which host Chris Hill and analysts Jason Moser and Bill Barker dissect the hardest-hitting investing stories of the day.
Former Treasury Secretary Larry Summers, once the favorite to be the next head of the Federal Reserve, withdrew his name from consideration on Sunday, leaving Federal Reserve Vice Chairman Janet Yellen as the new favorite to replace Ben Bernanke. The markets reacted incredibly favorably to the news, with even unrelated stocks popping upwards. In our lead story on this Investor Beat, Jason and Bill discuss whether this paves the way for a brighter future for banking stocks and why this news trickled down into unrelated sectors.
Tax increases that took effect at the beginning of 2013 affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "How You Can Fight Back Against Higher Taxes," the Motley Fool's tax experts run through what to watch out for in doing your tax planning this year. With its concrete advice on how to cut taxes for decades to come, you won't want to miss out. Click here to get your copy today -- it's absolutely free.
The article The Larry Summers Effect originally appeared on Fool.com.Bill Barker , Chris Hill, Jason Moser, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.