Tuesday morning news drop
When is a Bear Market Over? Like many things in the market, there aren’t any hard and fast rules for this kind of thing, especially in real-time. Let’s look at the 2008 scenario as an example. The S&P 500 topped out in early October 2007 and bottomed in March 2009. On a price-only basis, the index didn’t reach those 2007 highs again until March 2013: (Wealth of Common Sense)
Home-Price Skid Hits Four Months Amid Steep Bank of Canada Rate Hikes Benchmark prices drop 1.7% in July, with sales down 5.3% Weakness begins to spread beyond Toronto and surrounding area (Blomberg)
The rise of the side startup: Remote workers are starting new businesses behind their bosses’ backs (Vox)
The search for an AC that doesn’t destroy the planet: The AC is about a century old. What comes next? (Recode)
Why Charging a Car Needs to Be as Easy as Filling Up With Gas: Long queues and buggy apps add to range anxiety for electric-car owners. (Bloomberg)
Great American Road Trips Are Impossible for Most Electric Cars. Of the 11 most popular road trips as determined by AAA, four have stretches of at least 200 miles between public fast-charging stations. (Bloomberg)
How American Spaceflight Entered Its Era of Compromise: Looking back at the shuttle program at 50. (Slate)
Looking for Clarence Thomas He grew up speaking a language of the enslaved on the shores of Pin Point, Georgia. He would become the most powerful Black man in America, using the astonishing power vested in a Supreme Court justice to hold back his own people. Now he sits atop an activist right-wing court poised to undo the progressivism of the past century. What happened? (Esquire)
11 Reasons to Love a Station Wagon Ah, the station wagon: one of the building blocks of American family life. You might be familiar with modern varieties like the 2022 Subaru Outback or Volvo Cross Country, but this beloved vehicle has a long and rich history. Most adults born in the mid-to-late-1900s probably have plenty of great memories in one of these vehicles—whether in their family car or a friend’s parents’ car. The first ones came out in 1910 and were actually used around train depots because of their excellent storage capacity. (Auto Influence)