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Jul 2020This Week's Market Moves
The stock market reacted positively to strong employment numbers, despite a surge in coronavirus cases. Stocks ended the week higher, with the Nasdaq Composite reaching a record high and the S&P 500 index rising 1.55%. Looking at the quarter, stocks finished with the best quarterly return since 1998…
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Jun 2020This Week's Market Moves: June 29, 2020
Stock prices delivered modest gains this week, with the S&P 500 index rebounding 1.9%. A stronger-than-expected retail sales report, along with hopes for additional stimulus, helped stocks erase some of last week’s sharp losses. Here are some other insights on the market and the economy from this we…
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Jun 2020Electronic Document Delivery: What Plan Sponsors Need to Know
The much-anticipated final e-disclosure rule was recently released and while there are many related benefits, there are also some steps that retirement plan sponsors need to take before fully moving to paperless environment.
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Jun 2020The Job Market is on the Mend, But It Still Has a Long Way to Go
Sources: NY Times and Federal Reserve Bank of St. Louis Market Observations The latest jobs report had a glimmer of hope that the economy may be recovering more quickly than expected, with a surprise 2.5 million increase in jobs and a decline in the unemployment rate from 14.7% to 13.3% in May. …
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Jun 2020Is Private Equity Coming to Defined Contribution Retirement Plans?
Private equity may offer a stream of returns that could enhance the returns of a typical stock and bond portfolio, particularly in the current market environment. With new guidance from the DOL, will private equity be coming to defined contribution retirement plans soon?
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Jun 2020Target Date Fund Performance During the Volatile Quarter
When used appropriately, TDFs can help during times of market volatility - but they are not immune. How did TDFs weather the recent market downturn and which TDF funds fared the best?
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Jun 2020This Week's Market Moves | June 22, 2020
Stock prices delivered modest gains this week, with the S&P 500 index rebounding 1.9%. A stronger-than-expected retail sales report, along with hopes for additional stimulus, helped stocks erase some of last week’s sharp losses. Here are some other insights on the market and the economy from this we…
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Jun 2020Compliance Alert: IRS Releases Long-Anticipated Guidance on CARES Act Loans/Distributions
On June 19, 2020, the IRS released Notice 2020-50, providing guidance on the CARES Act distributions for which many plan sponsors have been eagerly awaiting. While much of the guidance is confirmation of what plan sponsors already knew, a preliminary reading reveals some significant new provisions, …
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Jun 2020This Week's Market Moves | June 15, 2020
The S&P 500 index tumbled 4.7% this week, as concerns about a possible second wave of coronavirus infections and the Fed’s downbeat economic outlook dashed hopes of a quick, V-shaped recovery. Here are some other insights on the market this week: The S&P 500’s impressive climb back into positive …
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Jun 2020This Week's Market Moves | June 8, 2020
Stocks soared at the end of the week, as the U.S. jobs report unexpectedly surprised to the upside, with 2.5 million jobs created in May. This puzzling, but encouraging, news lifted all major indices, with the S&P 500 index climbing nearly 5% this week. Here are some additional insights on the marke…
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