Market Update

On this day in history, October 23rd 1981, the US National debt officially hits $1T. Remember when that used to be a lot of money?

Today in history, the yield curve is back to the highest level since late March:

Economic Data Today:

News of the Day:  

Stocks rally, Treasury yields hit highs on stimulus hopes – https://www.reuters.com/article/global-markets/global-markets-stocks-rally-treasury-yields-hit-highs-on-stimulus-hopes-idUSL8N2HE56V

U.S. Business Activity Strongest in 20 Months, IHS Markit Says – https://www.bloomberg.com/news/articles/2020-10-23/u-s-business-activity-strongest-in-20-months-ihs-markit-says?

Stocks Typically Climb, Regardless of Who’s in the White House – https://www.wsj.com/articles/stocks-typically-climb-regardless-of-whos-in-the-white-house-11603445400?mod=hp_lead_pos1

Other News & Blogs:

Rotation – https://theirrelevantinvestor.com/2020/10/22/rotation/

Lots of Overnight Tragedies, No Overnight Miracles – https://www.collaborativefund.com/blog/lots-of-overnight-tragedies-no-overnight-miracles/ (I second Mike Pasieka’s recommendation to read, Psychology of Money by Morgan). – https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681

How solitude and isolation can affect your social skills (projection) – https://www.bbc.com/future/article/20201022-how-solitude-and-isolation-can-change-how-you-think

Weekend Podcast Recommendations:

Masters in Business – Ray Dalio on the Decline of Real Interest Rates (Ok Boomer) – https://open.spotify.com/episode/0AKVd6dAlYIbwLSvNj03S2?si=tAtkL4vSQHi4oq-pJI4LaA

Odd Lots – Benoît Cœuré On Central Bank Digital Currencies And The Future Of Monetary Policy (Ok Gen Z) – https://open.spotify.com/episode/1fP9gmb1Y2WisiQtDWVW9l?si=lxhioTAkQ5yPstMOInmIAw

Invest Like the Best – Ben Gilbert and David Rosenthal of Acquired – Lessons on Early Stage Investing and Getting Acquired (V Meta) – https://open.spotify.com/episode/10Y42uuhuduXPYvj7rs0Lm?si=cdYK6NWIRI2obWpYCw2h8A

VOTE VOTE VOTE

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