Wednesday morning news drop
What Does the Bond Market Rout Mean for the Stock Market? Every stock market correction is different. There are different reasons, economic environments, interest rates, inflation levels, valuations, market leadership, magnitude of decline and duration. (A Wealth of Common Sense)
Eight Charts that Explain the Market: You can learn a lot about what’s going on inside the market by just looking at some charts. Is the price going up, down, or sideways? Simple enough. But looking at something in isolation only reveals part of the story. If a bank is down 20% from its highs but the rest of the bank sector is down 40%, you would call this a relative winner. (Irrelevant Investor)
700+ reasons why S&P 500 index investing isn’t very ‘passive’ Since January 1995, 728 tickers have been added to the S&P 500, while 724 have been removed. This comes with two big implications. (TKer)
“The Richest People on the Planet are Criminals”: And other insights from Jay Newman, the hedge fund insider turned novelist who has some unique insights into the darker corners of the world of finance. (Wealth Simple)
The Future of the Recent Flexible Work Revolution Depends on Men After decades of corporate America’s resistance to flexible, digital work, the pandemic forced what, in essence, has been a prolonged experiment in digital work. This is not just true for white-collar knowledge workers, but also tutors and those who work in call centers and some types of customer service. The result: Companies can not only survive but thrive when they fully use the tools of technology to give these workers more control in when, where, and how they work. (Slate)
With Inflation, Workers Are Facing Return-to-Office Sticker Shock The cost of a daily routine — travel, coffee, food — is far pricier than it was when offices shut down two years ago. (New York Times)
The Trump judge’s opinion striking down the airplane mask mandate is a legal disaster: This decision is what happens when judges don’t care what the law actually says. (Vox)
What Happened to Jon Stewart? He is comedy royalty. But the world has changed since he was at the height of his powers. (The Atlantic)