In this week's update, Erik delves into the significant market movements and their implications for retirement plan sponsors. While headlines have focused on the S&P 500, NASDAQ, and Dow, the more notable impact has been the change in the price and value of the US dollar.
Key points covered:
- The US dollar is down nearly 10% since January, affecting import costs and accessibility.
- The weakening dollar's impact on the bond market, particularly the spike in 10-year treasury yields.
- How external purchasers of treasuries are demanding higher yields to protect against a weakening dollar.
- The broader economic challenges posed by these market dynamics.
Watch Erik's video discussing this topic in this week's Fiduciary Focus.
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