Market Update

On this Day in History: September 4, 2002, Kelly Clarkson, a 20-year-old cocktail waitress from Texas, wins the first season of American Idol in a live television broadcast from Hollywood’s Kodak Theater. Who would have guessed Kodak would still be big in 2020?

Economic Data Today:

News of the Day:  

Stock Losses Accelerate, Led by Slide in Nasdaq: Markets Wrap – https://www.bloomberg.com/news/articles/2020-09-03/asia-stocks-to-drop-after-u-s-slide-bonds-rise-markets-wrap

U.S. Unemployment Rate Drops by More Than Expected, to 8.4% (Life’s tight) – https://www.bloomberg.com/news/articles/2020-09-04/u-s-jobless-rate-declined-to-8-4-in-august-extending-rebound?srnd=premium

Canada Aug jobs gain misses estimates, jobless rate drops to 10.2% – https://www.reuters.com/article/us-canada-economy-instantview/canada-aug-jobs-gain-misses-estimates-jobless-rate-drops-to-10-2-idUSKBN25V1SJ?il=0

Other News & Blogs:

The 2 Variables That Drive Stock Prices – https://awealthofcommonsense.com/2020/09/the-2-variables-that-drive-stock-prices/

Save Like A Pessimist, Invest Like An Optimist – https://www.collaborativefund.com/blog/save-like-a-pessimist-invest-like-an-optimist/

Visualizing the Social Media Universe in 2020 – https://www.visualcapitalist.com/visualizing-the-social-media-universe-in-2020/

Weekend Podcast Recommendations:

Acquired Podcast – Epic Games – https://open.spotify.com/episode/7y2LucMMmHnbbTLWzq8h3u?si=EzDCp8GbSjG8Yonp1dVG4w

EconTalk – Matt Ridley on How Innovation Works – https://open.spotify.com/episode/2juOOekwD932s864SJD89P?si=gQ2Mwd3bRTCvprwPEVHgrw

Infinite Loops – Phil Pearlman: Westerners Discuss the Tao (“Don’t Suck”) – https://open.spotify.com/episode/0rAFw3Th268BVMzIQnQiW8?si=w7Oy6cTvRiGbQwZ8cfgA9Q

Have a blessed long weekend!

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