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November 11th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
In October, the Consumer Price Index for All Urban Consumers rose 0.4% on a seasonally adjusted basis, the same increase as in September, the Bureau of Labor Statistics reported. Over the last 12 months, the all-items index increased 7.7% before seasonal adjustment.
In the week ending November 5, the advance figure for seasonally adjusted initial claims for unemployment insurance was 225,000, an increase of 7,000 from the previous week’s revised level, the Labor Department reported. The previous week’s level was revised up by 1,000 from 217,000 to 218,000. The four-week moving average was 218,750, a decrease of 250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 218,750 to 219,000.
Interest on a 30-year fixed rate mortgage averaged 7.08%, up from last week when it averaged 6.95%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.98%. Interest on a 15-year fixed-rate mortgage averaged 6.38%, up from last week when it averaged 6.29%. A year ago at this time, the 15-year FRM averaged 2.27%.
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| MARKET MIRROR |
Thursday, the Dow increased 1,201.43 points (3.70%) to close at 33,715.37, the Nasdaq gained 760.97 points (7.35%) to close at 11,114.14 and the S&P 500 increased 207.80 points (5.54%) to close at 3,956.37. The Russell 2000 gained 107.53 points (6.11%) to end trading at 1,867.93 and the Wilshire 5000 gained 2,113.87 points (5.67%) to close at 39,420.31.
The price of the 10-year Treasury note increased 2 10/32, bringing the yield down to 3.817%. The price of the 30-year Treasury bond increased 30/32, bringing the yield down to 4.060%.
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PRODUCTS
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Investment Product and Service Launches
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DWS expands Xtrackers ESG suite; Voya adds private equity investment option to NQDC offering; MSCI expands Implied Temperature Rise Metrics to funds and indexes; and more. 
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SURVEYS
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CIO’s Transition Management Survey
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Are you a provider of transition management services and would like to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey.
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ON THIS DATE: In 1620, the Mayflower Compact was signed by the 41 men on the Mayflower after they landed in Provincetown Harbor near Cape Cod. In 1744, Abigail Adams, a politically influential First Lady and early advocate for women’s rights, was born. In 1778, during the American Revolution, members of the Iroquois nation, in retaliation for colonial assaults on two Native American villages, attacked a New York frontier settlement in the Cherry Valley Raid. In 1813, British troops defeated U.S. forces at the Battle of Crysler’s Farm during the War of 1812. In 1889, Washington became the 42nd U.S. state. In 1918, at the 11th hour on the 11th day of the 11th month, the Allied powers and Germany signed an armistice document to end World War I. In 1940, the Jeep debuted. In 1946, the New York Knickerbockers played their first game at Madison Square Garden. In 1965, the government of Rhodesia declared its independence from Britain. The country later became known as Zimbabwe. In 1975, Angola declared independence after the Portuguese withdrew.
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