10 Thursday AM Read – The Big Picture

my morning the train WFH reads:

A surprisingly cold bear market: Equity selling off has been strangely quiet. (Financial Times Alphaville)

What is the rate of inflation? This is a surprisingly difficult question to answer: Microeconomic analysis suggests that underlying inflation may be as low as 3%; Macroeconomic analysis suggests it is not (Wall Street Journal) see more How the Fed Raises the CPI: Rising mortgage rates have sent apartment prices higher in the market. The result is that as the Federal Reserve tries to fight inflation by raising interest rates, it leads to higher CPI inflation each month — even as commodity prices fall. (TBP)

Family offices are opportunistic amid market chaos: Distressed hospitality, digital assets, lithium, and even Ukrainian technology companies are attracting the attention of these allocators. (Institutional Investor)

How the 60/40 Portfolio Makes a Return: If bonds don’t do well when initial yields are low, inflation is high, and rates are rising, that means they perform well when yields are high, inflation is low, and rates are stable or falling. (dollars and data)

Is most personal financial advice… “wrong”? I can neatly plot out the next five years of my life on a spreadsheet, replete with future value formulas, average returns and income growth projections – but this is mostly an illusion that provides a sense of control. But there’s a problem with “the plan”: the human psyche. We don’t live in an Excel world. We live in the real world. And in the real world, people behave irrationally. (Money with Katie)

Elon Musk doesn’t seem to answer to anyone. Except for one judge in Delaware. Kathleen St. J. McCormick, the chief judge of Delaware’s Chancery Court, gave Mr. Musk until Friday to complete the Twitter acquisition. He is a judge in at least one case involving a billionaire. (New York Times)

Why Daylight Savings Could Exacerbate Europe’s Energy Crisis: Ending the practice of turning the clocks back an hour would generate financial and environmental savings for Europe when the continent needs it most, according to new research. (CityLab)

There is a morning-after pill to prevent sexually transmitted infections; Why aren’t more doctors prescribing it? Years after it was first proven to work, a new tool to prevent sexually transmitted infections (STIs) is on the verge of entering mainstream medicine. That tool is DoxyPEP, an antibiotic that works like the morning-after pill — but instead of preventing pregnancy within hours of unprotected sex, it prevents STIs like chlamydia and syphilis. (Vox)

Doug Mastriano: Is the Trump-endorsed election too extreme to win? The far-right Republican running for governor in Pennsylvania has extremist views — and he hasn’t softened his stance one bit. (parent)

The one where Matthew Perry writes an addiction memoir: In “Friends, Lovers and the Big Terrible Thing,” the actor gets serious about cool, death, colostomy bags and pickleball. (New York Times)

Be sure to check out our Masters in Business interview this weekend Jeremy! Wharton professor Jeremy Siegel and Jeremy Schwartz, chief investment officer of $75 billion Wisdom Tree Asset Management. Siegel is the author of Stocks for the Long Run; Schwartz is his research partner/editor. The two discuss the Sixth Edition of SFTLR, the latest and most extensively expanded edition of the investment classic.

This is how house prices are changing rapidly in the regional housing market

Source: @Fortune magazine

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