Wednesday Reading List
ICYMI: Your Money This Week – In your money this week, rate cuts are coming and here’s what it could mean for your portfolio, looking at Nvidia’s latest quarter, and recapping a good investment conversation.
A Jolt Back to Reality by Wells Fargo
Today’s Job Openings and Labor Turnover Survey (JOLTS report) provided new data showing that the labor market is softening. Job openings per person are now down to pre-pandemic levels.
There’s a China-Shaped Hole in the Global Economy by The Wall Street Journal
The Chinese consumer doesn’t support its local economy the way it works in most major economies, so China exports what it can’t sell domestically. This causes other countries to run trade deficits, setting up conflicts between China and its trade partners.
See also: Wider U.S. International Trade Deficit Will Weigh on Q3 GDP Growth
It’s Time … For a Fed Pivot by Charles Schwab Asset Management
Rate cutting cycles can be fast or slow (meaning lots of cuts within a year or few). Investors should be hoping for a slow cutting cycle as stocks have historically done much better in those. Cyclical sectors also do better in slow cutting cycles.
Here’s what you need to know about the revamped FAFSA by Vox
A guide to filling out the federal financial aid form for the upcoming school year.
The Price of Parenthood Is Growing Prohibitive. That’s Bad News for the Economy. by Barron’s
A population decline is bad for a country’s long-term growth, which is why both parties are talking about it during this election cycle and trying to propose solutions to combat the rising cost of having a family.
Let’s dig into the numbers to see how the recent mortgage rate dip has impacted the housing market by ResiClub
Lower rates still haven’t led to a big uptick in home buying. People may be waiting for rates to come down further, the lock-in effect may still be too strong, and home prices might still be too high for the small change we’ve seen in rates to spur activity.
Book Recommendation
The Inner Circle (The Culper Ring Series Book 1) by Brad Meltzer
A historical fiction thriller by maybe the best to write them. This was a quick and entertaining read.
Boston Corner
Boston mulling open container ‘social districts’ to boost nightlife
This 34-mile Scenic Highway Is One of the Best Places to See Fall Foliage in the U.S.
Things to Do in Boston This Weekend
Things to Do This Week in Boston