Wednesday Reading List

What’s the Best Inflation Hedge?

A common way to hedge against inflation is to allocate some of your portfolio to assets that will benefit from inflation. But not all inflation hedges are alike.

Powell comments fuel 1,000-point market rout Friday as stocks slide for a second week

Stocks plummeted Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation. It started the markets with its hawkishness. The entire speech was eight minutes and it’s worth watching in its entirety.

FAANGs Gone Value

Russell reclassified Meta (formerly Facebook, the “F” in FAANG) and Netflix (the “N”) from growth to value during the index provider’s annual reconstitution event.

Home prices weakened in June, but were still much higher than a year ago, says S&P Case-Shiller

Home prices weakened in June, but were still much higher than a year ago, says S&P Case-Shiller. Home prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices. That’s a weaker pace than in May of this year, which showed an 19.9% annual gain.

See also These 183 housing markets could soon see home prices fall 20%, Moody’s says

If a recession hits, Moody’s Analytics expects those 183 significantly overvalued regional housing markets to decline by -15% to -20%. That’s a sizable downgrade. Back in June, Moody’s Analytics predicted significantly overvalued markets would decline by -5% to -10%

China Q&A: Top 5 Questions

China is a broad and very popular topic among investors. That isn’t surprising given that the country is the second-largest economy in the world and is home to three of the top 10 stock market exchanges. Answers to the top five questions currently being asked about China

20 IRA Mistakes to Avoid

From contributions to conversions to distributions, don’t fall into these traps.

Americans Will Soon Be Able to Renew Passports Online

Starting early 2023, those difficult-to-get appointments will be a thing of the past.

Congress Admits UFOs Not ‘Man-Made,’ Says ‘Threats’ Increasing ‘Exponentially’

The new budget for America’s intelligence services directs the Pentagon to focus its UFO investigation on those objects that it can’t identify.

Book Recommendation

The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions by Eric Balchunas

Today, nearly every dollar invested in America goes to either Vanguard funds or Vanguard-influenced funds. But Bogle’s impact and this “great cost migration” reaches well beyond index funds into many other areas, such as active management, ETFs, the advisory world, quantitative investing, ESG, behavioral finance and even trading platforms. The Bogle Effect takes readers through each of these worlds to show how they—and the investors they serve—are being reshaped and reformed.