Consumer Price Index: April Headline at 4.16%, Largest Increase Since 9/2008
The Bureau of Labor Statistics released the April Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 4.16%, up from 2.62% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.96%, up from 1.65% the previous month and above the Fed's 2% PCE target.
The Fall of the Titans!
The performance of a market-cap-weighted index is driven by a handful of stocks with the largest capitalizations, but these stocks do not remain at the top for long. A smart beta multi-factor strategy is a good solution for investors concerned about the concentration risk of a passive market-cap tracker.
The Current State of Retirement Income
Retirement planning has evolved from a singular focus on savings to ensuring that account values provide income for life. Multiple generations of DC plan participants are concerned that they’ll outlive their retirement savings, and they’re turning to plan sponsors for solutions.
The Valid and Not-So-Valid Reasons for Rejecting Annuities
A host of impediments stand in the way of allocating funds to annuities. Some issues relate to brokers or advisors, and others involve their clients. Some are valid, but others are questionable and reflect irrational behavioral biases.
Help Clients Prevent Deceased Identity Theft
Every year, the identities of almost 2.5 million Americans who are deceased are stolen by thieves to open fraudulent credit cards, access financial assets, file fake tax returns, obtain driver’s licenses, steal medical identities and more.
March Markit Services PMI: "Business activity expands at fastest pace on record amid marked uptick in client demand"
The April US Services Purchasing Managers' Index conducted by Markit came in at 64.7 percent, up 5.0 from the final March estimate of 59.7.