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PLANSPONSOR NEWSDASH LOGO November 20th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
What Happens When Student Loan Payment Deferral Ends?
What Happens When Student Loan Payment Deferral Ends?
Employers can steer employees to help when they have to restart student loan debt repayments, and there is hope that more government help is on the horizon.
Products
Investment Product and Service Launches
Conning adds Climate Risk Reporting and Scenario Service; Morningstar integrates ESG factors; and T. Rowe Price establishes separate investment management group.
Most Read
Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
Compliance
The Basics of Terminating a DC Plan
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PODCAST: The Power Of
Join Fidelity and our guests as we explore the ideas and actions that give us the power to make better decisions about our work, finances, health care, and lives.
Economic Events
In the week ending November 14, the advance figure for seasonally adjusted initial claims for unemployment insurance was 742,000, an increase of 31,000 from the previous week’s revised level of 711,000, the Labor Department reported. The four-week moving average was 742,000, a decrease of 13,750 from the previous week’s revised average of 755,750.

Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increases. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3% from September to a seasonally-adjusted annual rate of 6.85 million in October. Overall, sales rose year-over-year, up 26.6% from a year ago (5.41 million in October 2019).

Interest on a 30-year fixed-rate mortgage averaged 2.72% for the week ending November 19, down from last week when it averaged 2.84, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.66%. Interest on a 15-year fixed-rate mortgage averaged 2.28%, down from last week when it averaged 2.34%. A year ago at this time, the 15-year FRM averaged 3.15%.
Market Mirror
Thursday, the Dow was up 44.81 points (0.15%) at 29,483.23, the NASDAQ gained 103.11 points (0.87%) to finish at 11,904.71, and the S&P 500 increased 14.08 points (0.39%) to 3,581.87. The Russell 2000 closed 14.82 points (0.84%) higher at 1,784.13, and the Wilshire 5000 climbed 214.21 points (0.58%) to 37,219.13.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.849%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.566%.
Investing
How Human Capital Should Dictate Asset Allocation
One's age should determine proper asset allocation, as well as retirement savings rates, speakers at DCIIA's Academic Forum said.
Measuring the Financial Impact of ESG Factors on Investments
Measuring the materiality of each factor and considering the changes that have occurred in 2020 are important, according to speakers at DCIIA's Academic Forum. 
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Small Talk
ON THIS DATE: In 1789, New Jersey became the first state to ratify the Bill of Rights. In 1923, the U.S. Patent Office granted Patent No. 1,475,074 to 46-year-old inventor and newspaperman Garrett Morgan for his three-position traffic signal. In 1945, 24 high-ranking Nazis went on trial in Nuremberg, Germany, for atrocities committed during World War II. In 1959, Britain, Norway, Portugal, Switzerland, Austria, Denmark and Sweden met to create the European Free Trade Association. In 1962, the Cuban Missile Crisis ended. The Soviet Union removed its missiles and bombers from Cuba and the U.S. ended its blockade of the island. In 1986, Dr. Halfdan Maher, the director of the World Health Organization, announced the first coordinated global effort to fight the disease AIDS. In 1986, the one billionth Little Golden Book was printed. The title was The Poky Little Puppy. In 1998, 46 states agreed to a $206 billion settlement of health claims against the tobacco industry. The industry also agreed to give up billboard advertising of cigarettes. In 2001, the U.S. Justice Department headquarters building was renamed the Robert F. Kennedy building by President George W. Bush. The event was held on what would have been Kennedy’s 76th birthday.

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