For MLB fans out there, yesterday was pretty crazy! The MLB trade deadline has come and gone, so teams and their fans get to evaluate what happened (or for Mets fans what DID NOT happen). It’s almost like rebalancing your portfolio. You identify your weaknesses and assess all areas looking for places to improve. Which teams bought the right pieces? Only time will tell.
Here’s what I’ve been reading this morning:
‘The Price of Admission’ – Ben Carlson – A Wealth of Common Sense
- So far in 2022 there have been THREE months where the S&P 500 has dropped more than 5%. That doesn’t happen all time! We’ve also seen a month that was UP over 9%! Ben writes in this post about how this kind of volatility is the price of admission for stocks.
‘Reject the Algorithm’ – Nick Maggiulli – Of Dollars and Data
- The internet and social media serve many great purposes in today’s society, but they also can be extremely detrimental for folks. Nick writes about how we all fall victim to the algorithms in order to get our content noticed, and can lose ourselves along the way.
‘Credit Card Balances Jump 13% as Inflation Outpaces Wage Growth’ – Jessica Dickler – CNBC
- Inflation has impacted how Americans spend money, and credit cards are seeing a big jump. This article discusses how credit card balances are up 13%, the biggest jump in 20 years, and how inflation may be to blame.
‘Things are Clear as Mud’ – Michael Batnick – The Irrelevant Investor
- For the last few weeks people have been trying to determine if we’re in a recession or not. Michael writes about just how strange this market and economic environment are in his latest post.