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10 Tuesday AM Reads

The Big Picture

New York Times ) • Scary economists and bad news : The news cycle has swung back to recession talk, even as inflation is coming down and unemployment is at a 50-year low. Washington Post ) • Rumours of China’s economic demise may be greatly exaggerated : From ‘miracle to malady’ — but how bad is it really? This year looks worse. (

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10 Monday AM Reads

The Big Picture

The bond market is known for being much smarter than the stock market but we don’t have to go back very far to find a time when it was wrong. The bond market is known for being much smarter than the stock market but we don’t have to go back very far to find a time when it was wrong. New York Times ). • New York Times ). •

Math 294
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Bull or Bear?

The Big Picture

Simply Red : We begin by noting there was nowhere to hide in 2022: last year saw losses for stocks and bonds, with Bonds off 12.9%, the S&P 50 Index down 19.7%, the Russell 2000 off 21.7%, and the Nasdaq 100 down 33.4%. Getting Better : Nasdaq was the big loser in 2022, but (as Paul sang) it’s getting better all the time.

Retail 286
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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • The Best 50-Year-Old Investing Advice Money Can Buy : Nearly 50 years ago, the economist Burton Malkiel came out with a book that said, in effect, that all of us should be in index funds. New York Times ). • New York Times ). • New York Times ). • New York Times ).

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10 Friday AM Reads

The Big Picture

Washington Post ) • Why aren’t teenagers driving anymore? Washington Post ) • Why aren’t teenagers driving anymore? After a string of bad bets on new regulations, the most dominant team of the modern era is now playing catch-up to Red Bull as the 2023 season begins. as it hits the Las Vegas Strip for the first time.

Medical 277
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At the Money: How To Know When The Fed Will Cut

The Big Picture

At the Money: How To Know When The Fed Will Cut with Jim Bianco (March 13, 2024) Markets have been waiting for the Federal Reserve to begin cutting rates for over a year. What data should investors be following for insight into when they will begin? TRANSCRIPT: At the Money: When Will The Fed Cut? How much do they really matter?

Numbers 277
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10 Tuesday AM Reads

The Big Picture

Since 1990, the only other times we saw a decline of this magnitude was after the 9/11 attack, when Lehman Failed, when the TARP vote failed, and this week, when SVB failed. Irrelevant Investor ) • How the Weekend-Long Freakout Over Silicon Valley Bank Ended : And why the worst bank failure since 2008 happened in the first place.

Banking 252