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30 Years of Financial Market Returns

A Wealth of Common Sense

First the annual return numbers for the S&P 500, 10 year treasuries and 3 month T-bills over the 30 years ending in 2023: Some thoughts about these numbers: St. I couldn’t help but slice and dice the numbers and overanalyze the data because that’s what we do here. Let’s dig in.

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Top clicks this week on Abnormal Returns

Abnormal Returns

(abnormalreturns.com) Top clicks this week Here is Eddy's 2023 Buy List. topdowncharts.substack.com) Six things that don't change in financial markets including the attraction of 'shiny objects.' safalniveshak.com) The markets were bad in 2022, but things could always be worse. realreturns.blog).

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How Do Active Managers Invest Their Own Money?

The Big Picture

The researchers describe financial markets as “slowly evolving communities of practice whose habits, routines and ways of knowing can be difficult to shift, even when faced with overwhelming evidence that what they are doing doesn’t work most of the time.”

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Nobody Knows Anything, Dot Plot Edition

The Big Picture

” Here are the June 2016 dot plots: Fast forward to September 2021, where the Fed imagined 2023 fund rates to be around 1%: Now, March 2022 dots imagined a year later we’d be about 3%: Last, the current September 2023 Dot Plot, which I guess is comforting(?)

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2023: It Was a Good Year

A Wealth of Common Sense

2022 was one of the worst years ever for financial markets. It was the worst year ever for the Barclays Aggregate Bond Market Index. Over the past 100 years: It was the third worst year for a 60/40 portfolio. It was the seventh worst year for the S&P 500. It was the worst year ever for the 10 year Treasury bond.

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Boxes & Lines: Poking Holes in the Financial Status Quo

The Big Picture

Tune in for a deep dive into the financial markets with Barry, who reveals how his background in behavioral finance and his fearless approach when launching his blog, the “Big Picture,” earned him the reputation as “one of the most dangerous people in financial media.” Recorded August 8th, 2023.

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10 Wednesday AM Reads

The Big Picture

News From Watches & Wonders Geneva 2023 : 2023 ( Bloomberg ) see also The Best New Watch Designs of 2023 : Here are the top timepieces from the annual Watches and Wonders trade show in Geneva. A $3 Trillion Threat to Global Financial Markets Looms in Japan Source: Bloomberg Sign up for our reads-only mailing list here.

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