Tuesday morning articles
Economist Says His Indicator That Predicted Eight US Recessions Is Wrong This Year: Cambell Harvey’s work showed link between curve inversion and growth Strong labor demand, risk avoidance support US economy now. (Bloomberg)
Wall Street’s sleuth of bears is growing: Stocks kicked off the new year on a positive note, with the S&P 500 climbing 1.4% last week. The index is now up 8.9% from its October 12 closing low of 3,577.03 and down 18.8% from its January 3, 2022 closing high of 4,796.56. Meanwhile, the market’s many bears got more company. (Sam Ro)
Everything Is Up In This Bull Market: If you’re not making money in this environment, it’s not because it’s a “bear market”. Don’t be one of those investors left holding the bag in the few remaining stocks that are not working, while almost everything else is. (All Star Charts)
Your Investing Strategy Just Failed. It’s Time to Double Down. The standard portfolio of 60% stocks and 40% bonds just delivered one of its worst years in history. That doesn’t mean it’s a bad approach. (Wall Street Journal)
Your stuff is actually worse now: How the cult of consumerism ushered in an era of badly made products. (Vox)
‘Consciousness’ in Robots Was Once Taboo. Now It’s the Last Word. The pursuit of artificial awareness may be humankind’s next moonshot. But it comes with a slurry of difficult questions. (New York Times)
Riddle solved: Why was Roman concrete so durable? An unexpected ancient manufacturing strategy may hold the key to designing concrete that lasts for millennia. (MIT)
Is Chelsea target Enzo Fernandez worth £105million after only 80 senior matches? Within the space of six months, the 21-year-old went his first 22 matches unbeaten with his new club, announcing himself on the European stage by shining in midfield as Benfica topped a Champions League group featuring Paris Saint-Germain and Juventus, then broke into Argentina’s starting XI during the World Cup and immediately established himself as an indispensable contributor to a historic triumph in Qatar. (The Athletic)