Despite strong market gains on Wednesday, March 4, 2020, the on-the-run 10-year Treasury yield ended the day below 1% for the first time ever and has posted additional declines in real time, sitting at 0.92% intraday as this blog is being written.
Stocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending.
China again changed the way it diagnoses infections which complicates analysis, but the Hubei province, where the virus originated, reported a drop in the number of new cases even as more people have tragically lost their lives and a small handful of cases have been reported in Japan and South Korea. From an economic and market perspective, China’s response has been aggressive, including interest rate cuts, tax breaks, and technology assistance to limit supply chain disruptions, limiting the market impact—and more policy actions are anticipated. A basket of U.S. stocks with the most revenue exposure to China compiled by Strategas Research Partners has outperformed the S&P 500 month to date, while the MSCI China Index has returned more than 7%–both encouraging signs.
It’s easy to wonder if Socially Responsible Investing (SRI) will give a good return. These days, a great deal of research may tell a different story. Even though past performance doesn’t guarantee future results, studies have shown that companies with higher environmental, social, and governance scores have the potential to outperform comparable firms in both accounting and stock market terms.
What happens at 59 1/2? Plenty. You can add more to your retirement fund. You can make early withdrawals from your retirement savings without penalties. You’re six years from your full retirement age.