We’re back in action after the long weekend for Memorial Day! Hopefully everyone enjoyed the time off. Let’s see if the market can continue to move back up after last week’s positive move!
Here’s what I’ve been reading this morning:
‘Easy Money is Easily Lost’ – Ben Carlson – A Wealth of Common Sense
- For a year following the bottom in 2020, 96% of stocks had positive returns. As Ben illustrates, it was way too easy out there. You could throw a dart at name of different stocks and pick a winner. However, Ben writes about how that easy money is also easy to lose.
‘An Update on Earnings and the Latest Economic Data’ – Mullooly Asset Podcast
- Tom and Casey cover the following in this week’s podcast: Does a good company make a good stock? How is the Fed reacting to the latest economic data? Why are housing and inflation so intertwined? Check it out!
‘Rallies to the Bottom’ – Nick Maggiulli – Of Dollars and Data
- The market had fallen seven weeks in a row before moving back up about 6% last week. Nick takes a look at how US markets have bottomed over the course of history, and how sometimes these “bottoms” could be temporary before another leg lower.
‘Summer Works Shortage Means Things Will Be Closed. Again.’ – Sarah Chaney Cambon, Harriet Torry – The Wall Street Journal
- If you were hoping for a completely normal summer here in 2022, you may want to temper those expectations. Labor shortages for a lot of seasonal businesses might impact how those businesses operate. This article outlines some of the struggles businesses are facing.