Market Moves
Analysts’ Bullishness Means Stocks May Tank, BofA Warns
The bank’s contrarian indicator has been right before. Will it be now?
Tag: COVID-19
Newsmakers
Bolstering City Infrastructure ‘Imperative’ to Recovery, Says Kamala Harris
The vice president outlines the Biden administration’s goals as it prepares a plan to build everything from railways to tidal walls.
One Year Later: 5 Ways the Pandemic Has Changed Investing
A suffering economy, a generous Washington, the homebound blues—all have played a role in scrambling the field over the past 12 months.
Pensions
Pension Relief Plan in COVID-19 Stimulus Bill That Passes House
The legislation goes to the Senate, which could vote on the proposal later this week.
Pensions
OMERS Reports First Annual Loss Since Financial Crisis
Canadian pension attributes 2.7% loss to the effects of pandemic on real estate, transportation, entertainment.
Market Moves
Post-COVID Stock Picks: Morgan Stanley Highlights Its Recovery Plays
McDonald’s, Exxon, and Lamar Advertising are on their winners’ list.
Alternatives
Wisconsin Treasurer Recommends Creating State-Run Retirement Plan
Auto-IRA program WisconsinSaves would provide all workers access to a retirement benefit.
Market Moves
Is the Big US Retail Sales Number Temporary?
Wells Fargo wonders about the surge’s staying power, citing Walmart’s blah coming-year guidance.
Alternatives
Private Equity Firms Expect Wave of M&As in Second Half of 2021
The increased pace of COVID-19 vaccinations and the specter of a capital gains hike are expected to spur activity.
News
Canadian Pensions Adapt Investment Strategies for Post-COVID-19 World
Asset managers are expected to shift funds to private equity from infrastructure and to increase in-house management.
Market Moves
Here’s the Case for Market Optimism, Built on a Virus Retreat
Commonwealth’s McMillan lays out the road back to normal. Hey, investors seem to agree.
Alternatives
Private Equity Firms Aim to Double Down on Tech in Post-COVID-19 World
Their focus on sustainable investing is also increasing, according to annual Ernst & Young survey.
Pensions
House Includes Pension Reform Plan in COVID-19 Relief Bill
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Newsmakers
Massachusetts Pension Fund Returns 12.6% in 2020, Hits Record Asset Value
The state pension’s annualized returns beat the benchmark over the past one, three, five, and 10 years.
Everybody Says Higher Interest Rates Are Coming … But When and By How Much?
There are three reasons why, after long dwelling at subterranean levels, the cost of money will eventually poke its head up.