We're publishing SMI's weekly Roundup a day early. Tomorrow, look for the monthly updates for Dynamic Asset Allocation and Sector Rotation.
GDP report shows economic growth slowed in first quarter (Wall Street Journal). Related: US Leading Indicators have now fallen month-over-month for 12 straight months (Bespoke via Twitter)
What happens after a bad year in the stock market? (Ben Carlson, A Wealth of Common Sense). Dreadful years in the market are often followed by terrific returns. But not always.
Animated chart: The S&P 500 in 2023 so far (Visual Capitalist). Nifty graphic.
Why the banking mess isn't over (Wall Street Journal). "Deposit flight and higher funding costs risk squeezing small businesses."
How much to save in your emergency fund: A comprehensive guide (Nick Maggiulli, Of Dollars and Data). A rule of thumb: "The right emergency fund is the one that allows you to sleep at night."
Overshadowed by Schwab's 'unrealized' loss overhang, the company gained 500,000 TD Ameritrade clients in February (RIAbiz). This article for Investment Advisors will interest TDA customers being moved to Schwab.
Fidelity and State Street Push to make 401(k)s more like pensions (Wall Street Journal). An update on how (and why) annuity options are coming to some 401(k) plans.
What is the debt ceiling and how does it work? (Wall Street Journal). Congress has raised the debt ceiling more than 100 times (but has never lowered it).
Some things I think (Morgan Housel, Collaborative Fund Blog). As Paul Harvey used to say, "Quotes worth requoting."
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