However, funded levels are likely to be lower in March as Russia’s invasion of Ukraine roils markets.
Tag: S&P 1500
As the tech stars dim, other sectors are charging upward, thus triggering the next breakout, CFRA sage declares.
Rising discount rates were not enough to offset markets spooked in October by surging COVID-19 cases.
Rising equities were offset by a falling discount rate during the month.
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Aggregate pension debt drops by $9 billion, but combined S&P 1500 debt is still more than $2 trillion.
Discount rates up 18 basis points.
Discount rates decreased by 3.56%.
Pensions' funded status reaches highest levels since 2015.
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.