February Volatility Wipes Out $71 Billion in US Corporate Pension Funding
The funded ratio of the 100 largest US plans fell to its lowest level in over three years.
The funded ratio of the 100 largest US plans fell to its lowest level in over three years.
David Kostin says the S&P 500 has a lot further to fall, due to the coronavirus’ nasty economic effect.
Dwindling business activity is worrisome, and market slide isn’t over, Yale prof warns.
Coronavirus worries threaten to harm economy and boost jobless claims, bond savant warns.
CalSTRS, USS, Japan’s GPIF warn public companies and asset managers to adapt or die.
Signs of hoarding in Washington state and elsewhere in the West prompt fears of panic stockpiling nationwide.
Largest US pension plan drops at least $15 billion as retirement programs worldwide suffer.
Commonwealth’s McMillan says 10-year Treasury yield dive is close to those in previous outbreaks.
$124.6 billion Mandatory Provident Fund says virus ‘has affected the investment market worldwide.’
His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Pummeled shares will take a lot longer to recover than normal, Allianz economist says.
Earnings growth is threatened by the epidemic, which has shut down much of China’s economy, strategist says.
AQR co-founder had called for adding more low-priced stocks, figuring their bad times had ended. Oops.