Although the intraday numbers have touched it a few times now, we finally closed below the 20% bear market threshold on the S&P 500 yesterday. It seems the new inflation number, paired with the expected interest rate increases, have re-ignited the sellers. But how much longer can it last? We’ll find out.
Here’s what I’ve been reading this morning:
‘So Bearish it Hurts’ – Michael Batnick – The Irrelevant Investor
- Following a small bounce in the markets the last week or so, we are back to selling almost across the board. As Michael writes, we may find peak bearishness at some point this week, but that doesn’t mean we’ll also put in a bottom at the same time.
‘401(k) Savers Will See a Wake Up Call in Their Next Statement’ – Greg Iacurci – CNBC
- If you have a 401(k) through work, you likely know that most plans give you a “lifetime income” reading to let you know how much money you could expect when you retire. A lot of people will see that number drop with their next statement, but this post outlines why it’s not a bad thing for young savers.
‘Too Good to Be True’ – Nick Maggiulli – Of Dollars and Data
- Whether it’s in the financial markets, or the job market, if something seems too good to be true, it probably is. Nick outlines how a friend nearly got scammed for their identity through a job search, and ties in the crypto markets and other instances that proved too good to be true.
‘The Last Chance for Some Tax Filers to Avoid Late Penalties is June 15’ – Kate Dore – CNBC
- If you’re a tax filer making quarterly estimated payments – listen up! The deadline to make the second quarter estimated payment is fast approaching, so you don’t want to miss out. Check out this article to find out what you need to know.
ENJOY!
