Pensions
Corporate Pension Plan Funded Status Shows Continued Improvement
May saw a decline in discount rates, while equity markets maintained high funding levels.
Odds are that improved economic news will slow rate declines, but that may not be much of a tonic for stocks, says LPL.
When double-digit market growth precedes the 9th month, good things tend to follow for investors, according to LPL and BofA.
The firm advises lowering exposure to stocks in preparation for a recession finally rolling in.