Wednesday Reading List
Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
John Templeton
ICYMI: May Market Update: A Game of Wait and See
As we get deeper into this market recovery and inflation fight that it appears the Fed is winning, what’s next for the market and economy?
Post-College Financial Planning by Heritage Financial
Graduation is an ideal time to arm younger generations with the tips and tools necessary to build a solid financial foundation. Here are five post-college financial planning tips to help you, or a recent grad in your life, get started toward a future of financial independence.
The Case For International Diversification by Ben Carlson
More investment experts are recommending an international stock allocation, but international stocks have underperformed the U.S. for a while. Digging into the case with this blog post.
For a deeper dive, check out this white paper by AQR.
Chart of the Week
Stock Traders Stay Calm About US Being on Cusp of Default by Bloomberg
Credit default swaps are spiking as the VIX stays unchanged.
Philadelphia 76ers’ Tobias Harris is investing in his life after basketball by Andscape
From franchises and real estate to financial research, the veteran forward has always looked for ways to expand his business
The Home Buyer’s Quandary: Nobody’s Selling by the Wall Street Journal
Many are ready to move but don’t want to lose the low-rate mortgages they locked in a few years ago, crimping the supply of homes and keeping prices high.
The Stock Market vs. Stocks in the Market by Dimensional Fund Advisors
Anyone who lost their shirt when First Republic Bank stock lost its value had too much invested in it.
In America and Europe, higher rates for longer by Vanguard
U.S. and euro area investors for months have been sending central banks the message: You’re going to cut interest rates in 2023. The Federal Reserve and the European Central Bank (ECB) have responded: Not so fast.

Losing the Signal: The Untold Story Behind the Extraordinary Rise and Spectacular Fall of BlackBerry by Jacquie McNish and Sean Silcoff
The riveting, true story of the BlackBerry empire―and how it would eventually come crumbling down in the wake of the smartphone revolution.