This past week was the worst for US stocks in two years and the pain was felt all over the globe. $765 billion in market cap was wiped out of the global stock market since Monday as the MSCI All-Country World Index dropped by 2.4 percent. US stocks fared a bit worse, with a drop of 2.7 percent…
This Week on TRB
These were the most read posts on TRB this week, in case you missed them. 10 things you should know about Ace Greenberg The Recovery (finally) Trickling Down There’s ALWAYS a divergence Dow Jones Erases All of 2014′s Gains This is why I’m here Cartoon by Joe Heller, Green Bay Press-Gazette
Hot Links: And Just Like That
Your morning financial links, expertly curated.
Dow Jones Erases All of 2014’s Gains
Yesterday’s 317 point loss for the Dow Jones Industrial Average – coming as it did on the heels of great economic news (GDP, Jobs) – has people a bit freaked out. As the Wall Street Journal reports, we have now erased the year-to-date gain for the Dow and are back to flat. I’m not terribly…
Clips from Today’s Halftime Report
How Your Bank Financial Advisor is Trained
A classic (NSFW): This is what happens when you’re opening an account and the banker asks you questions, writes down your answers, and then disappears for 15 minutes. hat tip KV
Chart o’ the Day: “Earnings Will Disappoint”
Laszlo Birinyi is out with his new quarterly commentary and he’s got a wicked chart to demonstrate how wrong the bearish earnings forecasts have been in the media all year. US companies continue to find bottom-line growth and the naysayers continue to be confounded… Earnings will disappoint. As regular as rain in April, bears have…
The Labor Market vs the Bond Market
The tightening labor market and increasing confidence we’ve been seeing in the surveys are starting to have an actual impact on people’s salaries. Things are improving beyond just the top few tiers of US workers. According to Reuters: “U.S. labor costs recorded their largest increase in more than 5-1/2 years in the second quarter, a sign…
‘Interstellar’ full trailer hits!
Director Chris Nolan (Memento, the last Batman trilogy) premiered the full trailer for his upcoming Interstellar at Comic-Con this past week and the nerds went ballistic for it. In the last few hours its begun to surface online. The film comes out in November, looks pretty intense.
This is why I’m here
The other day, a Barron’s reporter called me “sermonizing”. He said some other nice things about me too, and I wasn’t mad, but it did make me think. Amidst my efforts to educate myself and my readers with the research and writing I do, am I too coming across too preachy? Is it a tone thing…
