Wednesday Reading List
My latest: A Friend Asks: Do you beat the S&P 500? – What exactly does a good financial advisor do for you anyway?
What Magnificent 7 Tech Stocks? Only 2 Are Beating the Market. by Barron’s
5 of the 7 so-called Magnificent 7 stocks are underperforming the S&P 500 this year and one is losing money.
Is China Investable Again? by Charles Schwab Asset Management
We talked about the recent Chinese stock rally in the podcast this month, but is it investable again long-term? There are lots of structural challenges the Chinese economy (and by extension, the market) is facing. Major stimulus to fix them could keep the rally going, but if it isn’t delivered the rally could fizzle out.
September Employment: Some Sizzle in a Cooling Trend by Wells Fargo
September’s job report was strong and welcome news given the weaker few months before it. The evidence still points to a cooling labor market, but we could see a 25 bps rate cut in November instead of 50 bps given this report.
Sorry, Harvard. Everyone Wants to Go to College in the South Now. by The Wall Street Journal
The number of Northerners going to Southern schools went up 84% over the last twenty years and 30% from 2018-2022. This will benefit the region’s economy, put budget demands on those schools, and perhaps force schools in the North to do better on price and aid.
Book Recommendation
How to Retire: 20 lessons for a happy, successful, and wealthy retirement by Christine Benz
An excellent retirement planning book. Here’s my review.
Boston Corner
Where Bay Staters go when they bail on Massachusetts
Things to Do in Boston This Weekend
Things to Do This Week in Boston