Lending, borrowing and investing in a negative rate world
Equity investors spend a lot time looking for where earnings growth will be strong; what doesn't get as much attention is what happens after they're generated.
Inventories tend to have a cycle of their own, growing and contracting several times over the course of an expansion.
2019 was a good year for equities as multiple expansion drove stock markets to new all-time highs.
Due to growth assets and interest rates, funded status rose 1.4% this month from 88.5% to 89.9%.
Due to growth assets and interest rates, funded status rose 1% this month from 87.5% to 88.5%.