We say it a lot, but it really is remarkable the difference just one year can make. Especially in the markets. These next few weeks are going to be the one-year anniversary’s of some pretty historic volatility. On this day in 2020, the S&P 500 was down over 7% in one day at 2,750. Today it sits at almost 3,900!
Here’s what I’ve been reading this morning:
‘The Biggest Economic Experiment in History’ – Ben Carlson – A Wealth of Common Sense
- The amount of jobs lost last year during the beginning of the COVID-19 pandemic was staggering. We’ve come a long way since then, but we’re still fighting an uphill battle with unemployment. Ben takes a minute to explain the magnitude of the relief that’s been provided by the government.
‘The Fed Isn’t Printing as Much Money as You Think’ – Morgan Housel – Collaborative Fund
- A lot has been made recently of the Fed and how much money they’re “printing” into the economy. However, Morgan points out that it’s not as much as you think – and that it’s more of an accounting rule change.
‘Individual Bonds vs. Bond Funds: Which Should Be in Your Portfolio?’ – Peter Lazaroff
- There’s more than one way to get exposure to the bond market in your portfolio. Some are more risky than others. Peter walks through the thought process behind choosing individual bonds or a bond fund.
‘In Defense of Non-Fungible Tokens (NFTs)’ – Nick Maggiulli – Of Dollars and Data
- The news and headlines surrounding these non-fungible tokens have been taking off over the last few weeks. It’s easy to discount these tokens as ridiculous speculation or nonsense, but Nick is here to provide a little context and defense for them in his latest post.
ENJOY!
