Ryan ALM

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All about Growth - Part II

We recently published a blog post highlighting the fact that U.S. "Growth" stocks have dominated performance relative to "Value" stocks during the last several years. We are concerned about the narrowing of equity market leadership. Furthermore, we pointed out that...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

August Was All About Growth

There is a narrowing of market leadership within global equity markets, and it clearly begins and ends with the U.S. in general and more specifically with growth-oriented stocks/indexes. U.S markets continued the steady climb higher (R3000 +3.5%), while many overseas...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

What is the True Objective?

Ron Ryan (Ryan ALM) and KCS have been crisscrossing the country for the last 6-7 years trying to encourage plans sponsors (and in some cases their asset consultants) to embrace the use of their plan's liabilities to drive investment structure...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

Help On The Way?

President Trump will sign an executive order today directing the Treasury Department to review rules requiring minimum distributions from defined contribution plans beginning at age 70 1/2. In addition, the executive order will direct the government to look into making...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

Neither Is Great, But...

As the chart above highlights, savings among American households is not great, especially for those lower wage Americans who we highlighted yesterday in our post regarding 50% of Americans not being able to meet basic needs. We speculated that if...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

Yesterday's News

P&I is reporting on information recently released by Moody's regarding the funded status for the 50 U.S. states as of fiscal year 2017. According to Moody's analysis, the adjusted net pension liabilities grew substantially from 2016 and now stands at...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

Becoming Less Affordable

Bloomberg is quoting the National Association of Realtors in declaring that starter-home affordability is declining, as the share of one's income to purchase a first home has climbed to more than 23% (from about 14% in 2012). Housing prices are...

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Uncategorized Russ Kamp Uncategorized Russ Kamp

Let's Focus On Carol

Seven years ago I set up KCS with the mission to preserve and protect defined benefit plans , despite the rapid unwinding of their use in the private sector. During most of the last 7 years, I have struggled to...

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