The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
The U.S. economy should slow but not stall in 2019 due to fading fiscal stimulus, higher interest rates and a lack of workers. Even as unemployment falls further, inflation should be relatively contained.
Market participants remain focused on downside risks, leading pessimism, rather than optimism, to permeate the investment landscape
Now is an opportune time for investors to reassess whether passive bond investing can deliver on their fixed income allocation objectives.
Due to a decrease in rates, funded status fell 2.7% this month from 88.1% to 85.4%.
Due to interest rates and growth assets, funded status fell 3.5% this month from 91% to 87.5%.
Funded status rose 1.9% this month due to interest rates and growth assets.
Due to growth assets and interest rates, funded status rose 1.5% this month from 85.4% to 86.9%.
Due to a 30 bps decrease in discount rates, funded status fell 1.3% this month from 90.4% to 89.1%
Due to hedge portfolios and growth assets, funded status fell .4% this month from 88.5% to 88.1%.