The Pension Boards - PBUCC

Financial Markets: What Has Happened in the Last Three Weeks?

Published: 15 March 2020

March 15, 2020

What has happened in the last three weeks?

The U.S equity market peaked on February 19, 2020, with the Standard & Poor’s Index of 500 stocks (S&P 500) reaching 3,386, and subsequently correcting to 2,480 on March 12, 2020, a 26.75% drop in merely three weeks. Moreover, volatility has been extreme, with circuit breakers (causing a pause in trading) hit twice in the cash market and twice in the futures market in one week.

The Pension Boards Temporarily Closes Office

Published: 15 March 2020

New York, March 15, 2020 – The Pension Boards-United Church of Christ today announced the temporary closing of its offices at 475 Riverside Drive, for a period of up to three weeks, due to the varying degrees of severity and complexity of COVID-19 in New York City and surrounding areas.

Coronavirus (COVID-19): The Psychological Effects

Published: 11 March 2020

Tips to Keep Emotions in Check in Response to Coronavirus

Health Advocate has provided a video to help address the emotional and mental health effects related to this changing situation.

View the video by clicking here.

2019 Annual Report Magazine

Published: 10 March 2020

To request a print copy of the Annual Report, contact This email address is being protected from spambots. You need JavaScript enabled to view it.. Please include your name and postal mailing address in the request.

Financial Markets: What Is Happening? (March 6, 2020)

Published: 06 March 2020

Investors have continued to sell global equities and other risk assets like high yield bonds and corporate debt, as continued economic impact from the COVID-19 virus becomes apparent. The U.S. equity market has continued to be very volatile, with big swings this week. The clear implication is that global growth will come down, as concern about China and neighboring countries has now migrated to our shores.

Bond investors continued to be positively rewarded during this time period, benefitting from central bank polices to lower interest rates around the world. The U.S. Federal Reserve (Fed) once again lowered rates after doing so three times in 2019, responding to changes in market rates and attempting to provide support to the economy.