Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO June 21st, 2022
Insight on Plan Design & Investment Strategy Every Weekday
events
2022 PSNC Photo Gallery
2022 PSNC Photo Gallery
Experience the 2022 PLANSPONSOR National Conference and Awards for Excellence celebration in pictures.
Investing
Context Is Key To Weathering Volatile Markets
Investors are witnessing and adjusting to the end of a very long 'easy money' era.
Most Read
Participants
IRS Notice Defines Retirement Plan Tax Distribution Exceptions
Compliance
ERISA Advisory Council Explores Annuity Default Options in DC Plans
Compliance
Legislation to Overturn Fiduciary Rule Advances Through House Committee
ECONOMIC EVENTS
Today, the National Association of Realtors will report about existing home sales for May. Thursday, Freddie Mac will report average interest on 15-year and 30-year fixed rate mortgages, the Department of Labor will report about claims for unemployment insurance, and the Census Bureau and Department of Housing and Urban Development will report sales of new single‐family houses for May.
MARKET MIRROR
Friday, the Dow was down 38.29 points (0.13%) to 29,888.78, the Nasdaq gained 152.25 points (1.43%) to 10,798.35, and the S&P 500 was up 7.68 points (0.21%) to 3,674.45. The Russell 2000 gained 15.84 points (0.96%) to 1,665.85, and the Wilshire 5000 was up 172.04 points (0.47%) to 36,529.80.

The price of the 10-year Treasury note fell 25/32 raising its yield down to 3.244%. The price of the 30-year Treasury bond fell 6/32 and its yield increased to 3.286%.

For the week ending June 17, the Dow  deceased 4.79%, the Nasdaq fell 4.78%, and the S&P 500 lost 5.80%. The Russell 2000 was down 7.47%, and the Wilshire 5000 finished 6.00% lower. 
Administration
Edelman Introduces Retirement Income Product
The retirement income product is for near-retirees and retirees, and offers a complimentary retirement checkup with an adviser.  
PRODUCTS
Investment Product and Service Launches
Robeco launches quant credit strategy focused on SDGs and climate, and MSCI launches next generation of equity factor models.
SMALL TALK
ON THIS DATE: In 1788, the U.S Constitution was ratified. On June 21, New Hampshire became the ninth and last necessary state to ratify the Constitution of the United States, which made the document the law of the land. In 1893, the Ferris Wheel was introduced at the World’s Columbian Exposition in Chicago. In 1939, Lou Gehrig quit baseball due to illness. In 1945, Pan Am announced an 88-hour round-the-world flight at a cost of $700. In 1964, the white supremacist terrorist and hate group, KKK, killed three civil rights activists. Michael Schwerner, Andrew Goodman and James Chaney were murdered by a Ku Klux Klan mob near Meridian, Mississippi because the three civil rights workers were working to register Black voters. In 1982, John Hinckley, Jr., who shot President Ronald Reagan, was found not guilty of attempted murder by reason of insanity. In 1990, an earthquake near the Caspian Sea in Iran wreaked havoc, killed an estimated 50,000 and injured another 135,000 people. In 2004, SpaceShipOne, designed by Burt Rutan and piloted by Mike Melvill, reached 328,491 feet above Earth in a 90-minute flight: about 400 feet above the distance scientists considered the boundary of space.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon linkedin-in icon
Unsubscribe | Manage Subscriptions | Contact Us
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal
702 King Farm Boulevard, Suite 300, Rockville, MD 20850