Happy Friday, readers! The original topic planned for this edition of PLANADVISERweekend was an early 2020 compliance update. From action at the Supreme Court to new debates on Capitol Hill, a lot has happened so far this year. But with the dramatic ongoing market volatility, it seems appropriate to call an audible. Find below a collection of articles about the emergence of the first bear market in a decade—including some helpful tips and advice for worried participants facing an uncertain investment outlook.
“Although the unfortunate reality is that volatility like this may be here to stay until the coronavirus runs its course, experience has proven time and time again that cool heads typically prevail,” analysts say.
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As the markets tanked amid fears of a worldwide coronavirus outbreak, the last week of the month was among the busiest stretches in the 20 year-plus history of the Alight Solutions 401(k) Index.
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The district court ruling in the case, now backed by an appeals court, stands out for having been filed alongside a sanction declaring the plaintiff’s law firm Schlichter Bogard & Denton behaved “recklessly.”