Fun Stats:
- The S&P 500 has risen 87% since its low on March 23, 2020, adding $50 trillion worth of value to the index in just over a year, the best 12-month rally since the 1930s. –Yahoo, April 26, 2021
- Mom and Pop traders now account for almost as much trading as all hedge funds and mutual funds combined.- Financial Times
- There are more job openings in the U.S. this spring than before the pandemic hit in March 2020, and fewer people in the labor force. – WSJ “Millions unemployed. Why Can’t Companies Find Workers”
Great Quotes
- “If shoeshine boys are giving stock tips, then it is time to get out of the market.” -Joseph Kennedy, 1929
- “The boom is good. Employment is good. Growth is good. Everyone should enjoy it.” – JPMorgan Chase Chief Executive Jamie Dimon
Solid Articles
- How do you feel about risk in your retirement investments? – Market Watch
- “a richer, more comprehensive process for measuring risk tolerance that is better suited to the complexities of retirement income planning.”
- There is “no superior retirement income strategy,” Pfau said in an interview. “There are lots of viable approaches.”
- The better approach is defining a style and matching strategies to it. “That,” the authors wrote, “provides an important step forward in making sure individuals and their retirement income strategies are aligned. And that may lead to improved outcomes that achieve greater ‘buy-in” and comfort.”
- 10 Things you shouldn’t care about as an investor
- #9: Timing the market perfectly
- Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’
- “Should risk appetite decline from elevated levels, a range of asset prices could be vulnerable to large and sudden declines, which can lead to broader stress to the financial system,” the central bank said
- Treasury plans to Borrow $1.3 Trillion Over the next two quarters
- The Treasury also estimated net marketable borrowing would total $821 billion from July through September, assuming Congress agrees to suspend the federal borrowing limit after the current suspension expires on Aug. 1.
Charts that make you go hmm?
