Favorite Articles/Podcasts
- Michael Batnick: Markets Are Always Changing– “As soon as you figure out the key to the market, they change the locks. I don’t know who said this, but boy is it true. None of the equations work all of the time because the inputs are always changing. Markets resemble biology more than they resemble physics. Just recently, we’ve seen examples of this with zero commissions, the impact of direct stimulus checks, and the ability of companies to start and scale a business with just a handful of employees. An area where this applies to that I want to explore a bit further is emerging markets. When you think about the characteristics of EM stocks, you probably think about energy and materials. But what used to be true doesn’t always remain so.”
- Ben Carlson: The Biggest Difference Between Now & the Dot-Com Bubble –“But if you’re a doomsayer who is predicting some massive 50-60% crash a la the end of the dot-com bubble then you’re implicitly saying these huge tech stocks will crash as well. Never say never but these businesses are so much more high quality than anything investors saw at the tail end of the dot-com bubble in the late-1990s. And the fact that these high-quality businesses also happen to have such a large share of the stock market means, for better or worse, as they go, so goes the U.S. stock market.”
RLS Weekend Review
Each week my colleague, Justin Castelli, breaks down the headlines that may be impacting your financial plan.
