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September 30th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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The Conference Board Consumer Confidence Index increased in September, after declining in August. The Index now stands at 101.8 (1985=100), up from 86.3 in August. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 85.8 to 98.5. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—increased from 86.6 in August to 104.0 this month.
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| Market Mirror |
Tuesday, the Dow fell 131.40 points (0.48%) to 27,452.66, the NASDAQ was down 32.28 points (0.29%) at 11,085.25, and the S&P 500 lost 16.13 points (0.48%) to finish at 3,335.47. The Russell 2000 decreased 5.62 points (0.37%) to 1,504.73, and the Wilshire 5000 closed 154.88 points (0.45%) lower at 34,224.93.
The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.644%. The price of the 30-year Treasury bond increased 23/32, bringing its yield down to 1.413%.
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Ask the Experts
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RMD Questions Related to 457(b) Plans
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“I read your Ask the Experts column on the recent changes to retirement plan required minimum distribution (RMD) rules. I have a few more questions related to 457(b) plans.” 
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ON THIS DATE: In 1822, Joseph Marion Hernández became the first Hispanic to be elected to Congress. In 1947, the World Series was televised for the first time. In 1954, the USS Nautilus, the world’s first nuclear submarine, was commissioned by the Navy. In 1989, thousands of East Germans began emigrating under an accord between the NATO nations and the Soviet Union.
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WEDNESDAY WISDOM: “You can disagree without being disagreeable.”—Ruth Bader Ginsburg
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