Despite the economic uncertainty caused by the pandemic—or possibly because of it—US retirement account balances rose to record levels during the fourth quarter of 2020, as reported by Fidelity Investments. The firm said individual contributions to individual retirement accounts (IRA), as well as 401(k) and 403(b) retirement accounts remained strong during the last three months of the year.
The boss of JP Morgan has said there are “cockroaches” in the debt markets in comments that will fuel concerns about the $3tn private credit industry.
Innovator ETFs has launched dual directional buffer funds designed to flip the script on market downturns. DDTS and DDFS aim to generate positive returns when the S&P 500 falls within their buffer zones (10% and 15%, respectively), while participating in market gains up to predetermined caps. These ETFs seek to democratize sophisticated institutional strategies, offering advisors daily liquidity, lower fees, and tax efficiency in an accessible wrapper that makes defined outcome investing available across client bases.