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January 18th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Awards
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Plan Sponsor of the Year Award Nominations Close Friday
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Time is running out for you to nominate a plan sponsor to be recognized with our annual Plan Sponsor of the Year awards program. Nominees will be sent an entry form to complete, finalists will be announced at the beginning of March and profiles of finalists will be featured in the April/May PLANSPONSOR print magazine, so deadlines are tight. Please take the time to enter your nomination(s) by the January 21 deadline. 
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| Economic Events |
The combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading day differences, but not for price changes, was estimated at $1,723.7 billion, up 0.7% from October and up 17.6% from November 2020, the Census Bureau announced.
Advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $626.8 billion, a decrease of 1.9% from the previous month, but 16.9% above December 2020. Total sales for the 12 months of 2021 were up 19.3% from 2020. Total sales for the October through December period were up 17.1% from the same period the prior year. Retail trade sales were down 2.1% from November, but up 14.4 from December 2020. Gasoline stations were up 41.0%, while food services and drinking places were up 41.3% from December 2020.
Tomorrow, the Census Bureau will report about housing starts for December. Thursday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the National Association of Realtors will report about existing home sales for December.
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| Market Mirror |
Friday, the Dow lost 201.81 points (0.56%) to finish at 35,911.81, the Nasdaq climbed 86.94 points (0.59%) to 14,893.75, and the S&P 500 increased 3.82 points (0.08%) to 4,662.85. The Russell 2000 closed 3.02 points (0.14%) higher at 2,162.46, and the Wilshire 5000 was up 23.82 points (0.05%) at 47,103.46.
The price of the 10-year Treasury note decreased 30/32, bringing its yield up to 1.794%. The price of the 30-year Treasury bond fell 1 31/32, increasing its yield to 2.127%.
For the week ending January 14, the Dow fell 0.88%, the Nasdaq was down 0.28%, and the S&P 500 decreased 0.30%. The Russell 2000 lost 0.80%, and the Wilshire 5000 finished 0.46% lower.
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Plan Benchmarking | Investment Types
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Investment Appraisal
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Ways to analyze the allocation, risk and returns of the plan menu’s most important funds.
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Deals and People
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Retirement Industry People Moves
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Mercer appoints U.S. defined contribution leader; PBGC-focused law firm joins The Wagner Law Group; Schroders names North America head of sustainability; and more.
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ON THIS DATE: In 1778, English navigator Captain James Cook discovered the Hawaiian Islands. In 1788, the first English settlers arrived in Australia’s Botany Bay to establish a penal colony. In 1896, the x-ray machine was exhibited for the first time. In 1911, for the first time, an aircraft landed on a ship. Pilot Eugene B. Ely flew onto the deck of the USS Pennsylvania in San Francisco harbor. In 1919, in Paris, France, some of the most powerful people in the world met to begin the long, complicated negotiations that would officially mark the end of the First World War. In 1943, U.S. commercial bakers stopped selling sliced bread. Only whole loaves were sold during the ban until the end of World War II. In 1958, Willie O’Ree made his NHL debut with the Boston Bruins. He was the first Black player to enter the league. In 1975, Barry Manilow scores his first No. 1 single with “Mandy.” In 1991, Eastern Airlines shut down after 62 years in business due to financial problems. In 1993, the Martin Luther King Jr. holiday was observed in all 50 U.S. states for the first time. In 1995, the “yahoo.com” domain was created. In 2012, Wikipedia began a 24-hour “blackout” in protest against proposed anti-piracy legislation known as the Protect Intellectual Property Act (PIPA) in the Senate and the Stop Online Piracy Act (SOPA) in the House. Many websites, including Reddit, Google, Facebook, Amazon and others, contended the legislation would make it challenging, if not impossible, for them to operate.
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