|
August 30th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
|
The Conference Board Consumer Confidence Index increased in June to 109.7, up from 102.5 in May. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose to 155.3 from 148.9 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—rose to 79.3 from 71.5 in May. Expectations have remained below 80—the level associated with a recession within the next year—every month since February 2022, with the exception of a brief uptick in December 2022. However, June’s reading was just a shade below 80 and up sharply from last month’s print.
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow rose 292.69 points (0.85%) to close at 34,852.67, the Nasdaq rose 238.63 points (1.74%) to close at 13,943.76 and the S&P 500 rose 64.32 points (1.45%) to close at 4,497.63. The Russell 2000 gained 26.53 points (1.42%) to close at 1,895.54 and the FT Wilshire 5000 Index gained 657.86 points (1.47%) to close at 45,335.94.
The 10-year Treasury note increased 6/32, bringing the yield to 4.125%. The 30-year Treasury bond increased 30/32, bringing the yield to 4.232%.
|
|
|
|
|
|
|
|
|
|
ON THIS DATE: In 1797, British author Marry Wollstonecraft Shelley, known most for writing novels Frankenstein and Mathilda, was born. In 1918, Soviet leader Vladimir Lenin was shot twice in an unsuccessful assassination attempt. In 1983, astronaut Guion S. Bluford, Jr. became the first African American to travel into space, serving as a mission specialist aboard the shuttle orbiter Challenger, and later flew on three other missions. In 1993, Late Show with David Letterman – which offered an innovative and frequently off-the-wall approach to the talk show format – debuted on CBS. In 2003, actor Charles Bronson – who was best known for his portrayal of tough guys, notable an architect turned vigilante in Death Wish – died in Los Angeles at age 81. In 2015, British neurologist and writer Oliver Sacks, who won acclaim for his sympathetic case histories of patients with unusual neurological disorders, died in New York, New York, at age 82. In 2021, following a chaotic withdrawal, the last U.S. troops left Afghanistan, some seven years after the war in that country had officially ended.
|
|
|
| Industry Intel Roundup—Featured Webinars | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. | | |  | | December 12, 2024 | | Plan Benchmarking | | How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024. |
|
|  | | SPONSORED BY: Corebridge Financial | September 30, 2024 | | How College Planning Fits Into Financial Wellness | | When it comes to the college search, you’ll often hear talk about finding the right “fit.” Usually that means academic and social fit, but a key piece of fit is also the financial fit. A college degree is one of the most expensive purchases a family will make in their lifetime. Figuring out what you will pay, how much you can afford, and how you will find the best value for your money is a critical component of any college search. In this webinar, New York Times bestselling parenting and higher education writer Jeff Selingo will explain how to assess the value of a college and ways to compile the college list with financial wellness in mind. Jeff spent a year inside the college admissions process for his book, Who Gets In and Why, and has written about higher education for 25 years. |
|
| | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
|
| | |
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
|
