All-Out Trade War Would Drop Stocks 20%, Siegel Says
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
Funded ratio for S&P 500 defined benefit plans rises to 85.8%.
Index falls 0.41% during quarter, while S&P 500 gains 3.43%.
Tariffs don’t involve a major part of the US economy and this may all be a negotiating tactic, say some market strategists.
The recovery from the market’s winter correction is aiding this month’s performance, so far.
Aggregate pension debt drops by $9 billion, but combined S&P 1500 debt is still more than $2 trillion.
Report estimates top 50 defined benefit plans at 86% funded level.
Ratio rises to its highest level in more than four years.
Lower P/Es, buybacks, small investor trading, and the fear gauge don’t paint a picture of panic.
Pensions' funded status reaches highest levels since 2015.