Market Update

On this Day in History: August 28th, 1963, Martin Luther King, Jr. delivers “I Have a Dream” speech at the March on Washington, and things actually haven’t been the same since.

Economic Data Today:

News of the Day:  

Fed’s New Plan to Lift Inflation Faces Skepticism – https://www.bloomberg.com/news/articles/2020-08-28/fed-s-jackson-hole-reboot-to-lift-inflation-faces-skepticism?srnd=economics-vp (buy bitcoin)

U.S. consumer spending rises solidly; income rebounds – https://www.reuters.com/article/us-usa-economy-spending/u-s-consumer-spending-rises-solidly-income-rebounds-idUSKBN25O1TQ

TREASURIES-Longer-term yields stabilize, intermediate yields fall after auctions – https://www.reuters.com/article/usa-bonds/treasuries-longer-term-yields-stabilize-intermediate-yields-fall-after-auctions-idUSL1N2FU0QL

Other News & Blogs:

A Sick Giant – Tim Urban – https://waitbutwhy.com/2020/01/sick-giant.html (buy bitcoin)

Risk and Return in the Stock Market Are Not Evenly Distributed – Ben Carlson – https://awealthofcommonsense.com/2020/08/risk-and-return-in-the-stock-market-are-not-evenly-distributed/

Alternative Forms of Wealth – Morgan Housel – https://www.collaborativefund.com/blog/alternative-forms-of-wealth/

Weekend Podcast Recommendations:

Armchair Expert with Dax Shepard – Bill Gates – https://open.spotify.com/episode/1naaub9ZbuOeQTHPPhuRZW?si=s9JM8Su4TomCael6fVvrSg

Have a great weekend and buy bitcoin.

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