- U.S. equities climbed after the latest batch of corporate earnings bolstered confidence in the economy as investors awaited the Federal Reserve rate decision and any developments on trade.
Stocks Get Lift From Earnings as Traders Await Fed: Markets Wrap (Bloomberg)
- It’s every trader’s fantasy – being the only one to see a bear market coming and profiting off of it while everyone else loses money. More on why it’s hard to be bear in a bear market. [Video]
Why It’s Hard to be a Bear in a Bear Market (The Reformed Broker)
- What the top 1% means around the world varies drastically from country to country, and so does what they contribute in taxes.
This Is What It Takes To Be in the Top 1% Around the World (Bloomberg)
- Mom and pop basically owned the market in the 1940s and 1950s but now things are almost completely controlled by professional investors. Not only has this increased competition for the best investment ideas, but it’s also made it harder than ever to have your finger on the pulse of market sentiment with so many competing viewpoints and goals.
Who Owns All the Stocks and Bonds (A Wealth of Common Sense)
- The difference between traditional trend-following CTAs and Alternative Risk Premia.
Trend-Following CTAs vs Alternative Risk-Premia (ARP) products: crisis beta vs risk-premia alpha
- Brazil is on track to be the best-performing market this quarter, if not in the first half of 2019.
Brazil is the Best Stock Market in the World Right Now (Forbes)
- Suppose your parents and grandparents all died in their sixties from poor health—not from smoking or obesity, but just bad genes. Would you listen to a financial adviser who told you to delay taking Social Security until age 70 because you’d receive a bigger monthly benefit? Plan your retirement around your biological clock.
Forget Your Real Age, Plan Your Retirement Around Your ‘Biological Age’ (Barrons)