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Wednesday links: sub-optimal portfolios

Abnormal Returns

on.ft.com) Vanguard is looking for ways to give retail investors more say over proxy voting. alephblog.com) Housing Higher land prices are holding back the housing market. wsj.com) Economy The 3 month-18 month Treasury spread is almost inverted. abnormalreturns.com) Why rough edges remain in financial markets: people.

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Friday links: principles and beliefs

Abnormal Returns

morningstar.com) Crypto Fidelity is prepping a retail crypto trading platform. hunterwalk.com) Global The Canadian economy continues to add jobs. washingtonpost.com) Housing The housing market is worse than you think. vitaliy.substack.com) The housing market is deteriorating faster than the data shows.

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Core inflation rises to new peak and retail sales have flatlined

Nationwide Financial

Retail sales were flat in September, extending the weaker trend in consumer activity seen in recent months as higher prices and rising interest rates force cuts by many households. Total retail spending was flat from June to September as households broadly cut back on expenses in response to high inflation.

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Financial Market Round-Up – Jan’24

Truemind Capital

Global growth exceeded projections, primarily propelled by the resilient performance of the US economy. S&P 500 (US Benchmark Index) saw gains of 11.32% over the last quarter and in turn released a flood of foreign money in emerging markets, barring China. You can write to us at connect@truemindcapital.com or call us at 9999505324.

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Solid labor market cures many ails for the economy but can’t last forever

Nationwide Financial

percent as tight conditions persist across the labor market. Retail sales rebounded in April, and core retail sales (which excludes autos, gas, and building supplies) were even stronger. economy is being extended by strength within the labor market which is supporting further spending by households.

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Banking crisis overshadowed the data, but inflation remains persistently elevated: Weekly Economic Review & Outlook

Nationwide Financial

The stresses in the banking system and ripple effects in the financial markets even overshadowed the incoming inflation data. Retail sales decline in wake of January’s spending spree January’s explosion in retail sales appears to be an outlier, but the level of sales is still high. Retail sales declined 0.4

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10 Wednesday AM Reads

The Big Picture

UnHerd ) • The Pandemic Transformed America’s Biggest Downtowns in Very Different Ways : While transit ridership and downtown dining took a big hit across the board, new commuting patterns and retail spending vary widely across the US. No one knows what financial market returns or interest rates or inflation will be going forward.

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