07/30/2020
Today Ken Fisher, RCM Republicans believe Joe Biden winning will whack stocks. Democrats presume re-electing Donald Trump is double trouble. A clear secret: they’re both wrong. The S&P 500 typically shines in presidential election years regardless, rising 83% of the time, averaging 11% returns in back-end loaded fashion. This year, while unusual, is headed toward normal back half strength.Last month I detailed how technology made data universally accessible, erasing any edge it gave. Instead I suggested seeking relationships that quants, academics and data devotees dismiss from bias. Politics fits... |
Ryan Cooper, Week Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. |
Eric Nelson, Servo Wealth Management Index mutual funds and ETFs have become overwhelmingly popular in the last decade. But are they they best way to invest your serious, long-term money? Keep reading to find out, the answer might surprise you... |
Jon Miltimore, Foundation for Economic Education At a press conference last week, Anders Tegnell said a massive decline in new COVID-19 cases shows Sweden’s “lighter touch” strategy is doing what it was designed to do. |
Joakim Book, American Institute for Economic Research Four months ago, I first wrote about the pandemic and Sweden. Lots have happened since – and at the same time, almost nothing has changed. Back then, the mayhem was all financial: stock markets crashing, oil prices going nuts, central banks adding zeros faster than anyone even thought possible. |
Tim Mazanec, U.S. News & World Report You probably have heard many sage financial pros mention the power of compounding interest, which is the addition of interest to the principal sum. Compound interest is affected by the rate and frequency over time. |
Alejandra Castillo, Hill In previous stimulus bills, young people were left out. |
Ari Schneider, Slate Developing infrastructure and amenities, including the 5G stations on Everest, serves China's goal of Tibetan erasure. |
R. Glenn Hubbard, National Review The best paycheck protection program is growth. |
Stephen Moore, Examiner Back in 2009, Nancy Pelosi infamously declared the best way to revive the economy was to dole out ever more generous food stamps and unemployment benefits. The more people are collecting welfare, the better. At the time, this notion seemed laughable. Now this economic illiteracy seems to have become a pearl of conventional wisdom. |
Emily Cegielski, Worth From January to May of 2020, more than 10 percent of billionaires made a pledge in the fight against COVID-19â?"but it's clear that not all billionaire philanthropists are the same. |
Marta Tellado, USA Today The leaders of Amazon, Apple, Facebook, and Google have some serious explaining to do about bias and discrimination when they appear Wednesday at an antitrust hearing before the House Judiciary Committee. |
Brad McMillan, Commonwealth Financial Network |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jerry Bowyer, Vident Financial The data below from the Bureau of Labor Statistics show which sectors have the highest and lowest unemployment rates. As of this writing, overall unemployment is an uncomfortably high 11.2%, but that's for all sectors combined. When you break out the different sectors, you see that this can range from almost 40% in leisure and hospitality to about 10% and under for construction, manufacturing, education and health. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jeffrey Buchbinder, LPL Financial Market Blog "That's not a knife ? that's a knife!" Paul Hogan in Crocodile Dundee |
Carrie Schwab-Pomerantz, Charles Schwab Can you successfully answer five basic financial literacy questions? Test yourself. Then join Carrie Schwab-Pomerantz in her push for financial education. |
Jerry Bowyer, Vident Financial |
Morgan Housel, Collaborative Fund What falling cats can teach us about risk. |
Jack Forehand, Guru Investor Valuing companies can be a challenging process. |
Nouriel Roubini, Project Syndicate At the start of the year, when COVID-19 was barely on anyone's radar outside of China, the global economy was entering a fraught phase, facing a range of potentially devastating tail risks. And though the pandemic has since turned the world on its head, all of these threats remain â?" and some have become more salient. |
Peter Kafka, Vox The heads of Apple, Facebook, Google, and Amazon are going to get grilled. But that won’t lead — directly — to regulation. |
Steven Kimbrough, Knowledge@Wharton Taiwan’s government cannot take sole credit for flattening that country’s curve during the early days of the coronavirus pandemic. |
Annie Nova, CNBC The impending eviction crisis will hurt some states more than others. African-American and Hispanic tenants are especially at risk of losing their homes. |
Michelle Celarier, Institutional Investor Business Insider's happy warrior fights to the end. |
Brett Arends, MarketWatch Employers seize on slumps to purge more expensive, more experienced workers, study warns |
Maya MacGuineas, The Examiner This upcoming COVID-19 fiscal relief package will likely be the last one Congress passes before the election, so it's important lawmakers get it right. The size and the shape of the package should not be pulled out of thin air or based on political wish lists, but rather designed to meet the needs of this crisis. While there is still a lot of uncertainty about how much more time and resources it will take to fight the virus and recession, lawmakers have a lot more economic data than they did in March to target those resources efficiently. |
Jeffrey Tucker, American Institute for Economic Research Why watch COVID press conferences and briefings by politicians? They are just upsetting. These people seem to have no clue about why the virus is ignoring them. They keep issuing strange and arbitrary rules that they make up, change by the day, all enforced by intimidation and compulsion. They posture in this silly way as if their edicts have this virus under control when they clearly do not. |
Council Nedd, Issues & Insights Put quite simply, too many black Americans are financially unprepared to retire. |
Howard Gold, MarketWatch Governments, including the Trump administration, have denounced ethnic cleansing in Xinjiang, yet financial firms have done little |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Dario Perkins, TS Lombard The worst kept secret in macro is that economists don’t really understand inflation. |
John Stossel, Reason Competition is cutting the cost of space travel to a fraction of what it was. |
Jemima Kelly, FT Alphaville On the tiny island of Sark, in the middle of the English channel, you’d be forgiven for forgetting that the rest of the world is in the grips of a deadly pandemic. Nobody’s wearing a mask; there’s no social distancing in place; and people are going about their everyday lives. |
Matt Egan, CNN Business Shell companies with hidden owners. Middlemen who shield the identities of buyers and sellers. Inadequate safeguards to keep out shady money. |
Barry Ritholtz, The Big Picture How much money do you need to be rich in America? How little must you have to be poor? |
William Cohan, Vanity Fair Business is booming, according to the CNBC talking head turned top White House economic adviser. Bankers are skeptical. “Over his entire career, I can’t recall a single forecast that he made that was accurate,” says one. |
Ben Hunt, Epsilon Theory He who controls the spice controls the universe. |
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