Wednesday Reading List
The Blob by Dr. Ed Yardeni
The blob is the Federal deficit, long a worry for investors and economists. Dr. Ed shares that he’ll worry when he sees the bond market express its concern through higher yields and a bad Treasury auction. So far despite a blip last year that concerned him, he doesn’t see yields rising from here.
Tech Stocks: Head Fake or Value Shift? by Jeremy Siegel
Rate cut expectations have come down and some are thinking we might see a rate hike due to the latest batch of inflation and economic data. The markets pulled back a bit and bond yields went up. Professor Siegel shares that he thinks we’ll get more cuts than what’s currently priced in because he thinks inflation is under control, considers the pullback to be healthy, and likes what he’s seeing in the economy.
Money-Market Funds Look Like a Tempting Place for Your Cash. But Don’t Make This Mistake. by Barron’s
The mistake being piling into short-term instruments instead of stocks and longer-term bonds because you like the yield you’re getting since those yields will drop and in the long run it’s not a competitive place to invest.
Declaring Independence From the U.S. by Charles Schwab Asset Management
Jeffrey Kleintop’s latest shares rate cuts being delayed in the U.S. compared to other parts of the world is strengthening the dollar since higher rates on cash make holding a currency more attractive. This could help commodity exporters versus importers and the Industrials and Materials sectors. It may also make investing in countries where rates are going to be cut aggressively more attractive. He also shares that he doesn’t see excess China manufacturing helping reduce U.S. inflation.
For Earth Day 2024, experts are spreading optimism – not doom. Here’s why. by USA Today
Climate change may still be an existential threat to humanity, but as Earth Day 2024 rolls around on Monday, some of the people most concerned about the planet aren’t peddling doom – they’re spreading optimism.
The Retirement Tax Timebomb by Heritage Financial
The future tax liability from your retirement accounts can be big if you don’t plan ahead and get help minimizing it.
ICYMI: The Higher Future Tax Rates Mythology – Tax rates have to be higher in the future to fix our debt issues, right? Nope. Here’s why, and why assuming so could be a costly mistake.