Stocks recovered some losses, bond yields rose some. The 3Y auction was solid, as you probably expected given risk-off sentiment. The 10Y reclaimed 3.90% and the 2Y almost got back to 4%. The Atlanta Fed GDP now is at a very recessionary 2.9%. That's your recap.
XTOD: “The stock market is the only market where things go on sale and all the customers run out of the store.” — Cullen Roche
XTOD: That guy who missed 200% move up but feels vindicated about a 9% drop...
XTOD (didn't read it, but sounded interesting): "In a world where survival is all-but-guaranteed, your greatest risk is that you spend your life not really doing a whole lot of anything." Today's blog, on the cost of apathy: https://youngmoney.co/p/the-cost-of-apathy
XTOD: Senior U.S. and Western Officials believe that the time for preventing an Iranian Attack against Israel has now passed, with decisions likely to have been made by Iranian Government Leaders and Military Commanders to move ahead with a Large-Scale Attack against Israel.
XTOD: I believe that life exists to be enjoyed and that the most important thing is to feel good about yourself. Each person will have his or her own vehicles for both, and those vehicles will change over time. For some, the answer will be working with orphans, and for others, it will be composing music. I have a personal answer to both—to love, be loved, and never stop learning—but I don’t expect that to be universal.
Some criticize a focus on self-love and enjoyment as selfish or hedonistic, but it’s neither. Enjoying life and helping others—or feeling good about yourself and increasing the greater good—are no more mutually exclusive than being agnostic and leading a moral life. One does not preclude the other.
Let’s assume we agree on this. It still leaves the question, “What can I do with my time to enjoy life and feel good about myself?”
I can’t offer a single answer that will fit all people, but, based on the dozens of people I’ve interviewed, there are two components that are fundamental: continual learning and service.
https://x.com/InvestingCanons/status/1820426221873725523
https://x.com/Ritholtz/status/1820567192611832212
https://x.com/Jack_Raines/status/1820816335678415051
https://x.com/sentdefender/status/1820908462211006490
https://x.com/tferriss/status/1820824990125588538
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