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Data and Research
U.S. Falls in Natixis Global Retirement Ranking
U.S. Falls in Natixis Global Retirement Ranking
They survey found that a third of U.S. investors do not believe they have the option to retire.
Investment Product and Service Launches
iJoin partners with ProNvest; MSCI Releases new climate solution; ProManage launches managed account service with Nyhart; and more.
Most Read
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Managed Account Fees Challenged in Latest ERISA Lawsuit
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,652.2 billion, up 0.5% from June and up 16.3% from July 2020, the Census Bureau reported.

Advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $618.7 billion, an increase of 0.7% from the previous month, and 15.1% above August 2020. Total sales for the June through August period were up 16.3%. Retail trade sales were up 0.8% from July, and 13.1% above last year. Clothing and clothing accessories stores were up 38.8% from August 2020, while gasoline stations were up 35.7% from last year.

Interest on a 30-year fixed-rate mortgage (FRM) averaged 2.86% for the week ending September 16, down slightly from last week when it averaged 2.88%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.87%. Interest on a 15-year FRM averaged 2.12%, down from last week when it averaged 2.19%. A year ago at this time, the 15-year FRM averaged 2.35%.

In the week ending September 11, the advance figure for seasonally adjusted initial claims for unemployment insurance was 332,000, an increase of 20,000 from the previous week’s revised level of 312,000, the Labor Department reported. The four-week moving average was 335,750, a decrease of 4,250 from the previous week’s revised average of 340,000. This is the lowest level for this average since March 14, 2020, when it was 225,500.
Market Mirror
Thursday, the Dow lost 63.07 points (0.18%) to finish at 34,751.32, the Nasdaq closed 20/40 points (0.13%) higher at 15,181.92, and the S&P 500 closed 6.95 points (0.16%) lower at 4,473.75. The Russell 2000 was down 1.54 points (0.07%) at 2,232.91, and the Wilshire 5000 decreased 13.32 points (0.03%) to 46,491.23.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.335%. The price of the 30-year Treasury bond decreased 26/32, bringing its yield up to 1.883%.
SEC Spotlights Revenue Sharing Disclosure Failures
A recent regulatory order filed by the Securities and Exchange Commission demonstrates some of the ways revenue sharing and disclosure failures can result in fiduciary breaches.
Court Dismisses ERISA Suit Against CommonSpirit
The complaint had taken issue with the plan’s use of the Fidelity Freedom Funds TDF series and its recordkeeping fees.
Small Talk
ON THIS DATE: In 1787, the Constitution of the United States of America was signed by 38 of 41 delegates present at the conclusion of the Constitutional Convention in Philadelphia. In 1862, Confederate and Union troops in the Civil War clashed near Maryland’s Antietam Creek in the bloodiest single day in American military history. In 1920, the American Professional Football Association was formed in Canton, Ohio. It was the precursor to the National Football League (NFL). In 1937, at Mount Rushmore, Abraham Lincoln’s face was dedicated. In 1947, the first U.S. Secretary of Defense, James V. Forrestal, was sworn into office. In 1961, the Minnesota Vikings were debuted as the new National Football League (NFL) team. In 1976, NASA publicly unveiled its first space shuttle, the Enterprise, during a ceremony in Palmdale, California. In 1983, Vanessa Williams, as Miss New York, became the first black woman to be crowned Miss America. In 2011, hundreds of activists gathered around Zuccotti Park in lower Manhattan for the first day of the Occupy Wall Street Movement—a weeks-long sit-in in New York City’s Financial District protesting income inequality and corporate corruption.

And now it’s time for some FRIDAY FUN!
This laugh will make you laugh.

A phrase that trips up some Scottish people.

An unusual sibling problem.

In New Zealand, researchers at the University of Auckland have found that you can potty train cows. They used a sweet treat to coax the cows to push through a gate and urinate in a special pen. And it took only 15 days to train the young calves, the Associated Press (AP) reports. The research study’s senior author said the idea started with a half-in-jest question on a New Zealand radio talk show about the problem of livestock waste resulted in a serious study published in the journal Current Biology. Massive amounts of urine waste is a serious environmental issue, the study’s senior author said, according to the AP.

Have a great weekend!
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