Over the past year or so I’ve been writing a lot about tennis and how it has taken on greater importance as it has enriched my life in many areas. It has improved my health, particularly my endurance, it’s been a catalyst for creating new relationships,
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Federal Reserve Chairman Jay Powell officially altered the Fed’s reaction function during his virtual speech given for the annual Jackson Hole conference. More accurately he articulated its inaction function. Rather than being trigger happy to tighten monetary policy and raise interest rates as inflation reaches 2%,
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There is a reason behind the reason for this blog which will be revealed at the end. I will use a sleight of hand to talk about the importance of not resting on one’s laurels and using a growth mindset to keep changing even in the face of great success.
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Last week I discussed the horrific explosion in Beirut. This week I’m staying in the Middle East and will focus on the big news that Israel and the United Arab Emirates have agreed to establish formal diplomatic relations. And while there were many indications over the last couple of years that the two countries were not only starting to cooperate but developing ever closer relations,
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Successful investing requires so much emotional and psychological fortitude. The analytical part is oftentimes the easiest aspect. Managing ourselves is what is typically most challenging. We are triggered by fear and greed and traumas of past mistakes that can lead to suboptimal outcomes. For this reason,
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With July 4th having just passed I thought it would be inspiring to talk about inspiration. The United States is unique because it is a nation founded on inspired ideals versus population characteristics and geography. These ideals are centered around life, liberty, and the pursuit of happiness as well as the notion that all men are created equal.
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I can’t say I’m surprised that states that had itchy trigger fingers to reopen (e.g. Texas, Arizona, Florida) are seeing a surge in new COVID-19 cases and a higher positivity rate among those tested. The following graph from the Wall Street Journal shows how the number of new cases is hitting a new peak after having come down.
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“We’re not thinking about raising rates —
we’re not even thinking about thinking about raising rates,”
Jerome Powell during 6/10/20 press conference
With interest rates at record lows, this is a time when many people are strongly considering locking in long-term,
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Ok, let’s get this out of the way first since this blog has a subliminal purpose of being a diary for major economic and financial milestones so this is one I can’t ignore.
Now to the subject at hand.
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As states start to open up, economic activity will undoubtedly increase. The S&P 500 is up approximately 26% from its March 23rd low, perhaps suggesting the worst is behind us for now. Of course, the question on everyone’s mind is whether there will be a second wave as more people congregate at work,
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