We’re posting the Roundup a day early this week. Tomorrow, look for the end-of-month updates for DAA and Sector Rotation (if you’re a Premium-level member).
Expected returns for bonds are finally attractive (Ben Carlson, A Wealth of Common Sense). "There is finally a respectable yield to be earned on government bonds, corporate bonds, junk bonds, TIPS, I-bonds, and even savings accounts for the first time in a long time."
Why 2022 has been such a terrible year for bond funds (Morningstar). Check out the "Bond Funds YTD Performance" graphic in this article. Ouch.
U.S. economy shrank in the first half of 2022, updated GDP confirms (MarketWatch). The full report (PDF) from the Bureau of Economic Analysis shows that inflation-adjusted disposable personal income fell by –1.5% in the second quarter, following a first-quarter decline of –10.6%.
What is in your control? (Barry Ritholtz, The Big Picture). You can’t control the economy and the markets.
Everything compounds (Luke Smith, Humble Dollar). Good habits yield great results over time. Bad habits yield long-term results too, but not the kind you want.
Mortgage rates rise to 6.7%, highest since 2007 (Wall Street Journal). Rates are more than double where they were a year ago.
FAFSA season starts: What you need to know for financial aid (Associated Press via ABC). The Free Application for Federal Student Aid period opens this weekend for the ’23-’24 school year.
Medicare standard Part B premiums will drop by 3% next year, to $164.90 (CNBC). The decline comes after a big (+14.5%) hike this year.
ESG does neither much good nor very well (Terrence R. Keeley, Wall Street Journal). "Investors presume they can make a market return while advancing [social] causes.... But multiple studies find ESG strategies are doing little of either."
Died: Dan Busby, accountant who set standards for ministry finances (Christianity Today). Busby led the Evangelical Council for Financial Accountability (ECFA) for many years. He also was a huge baseball fan and a member of the Society of American Baseball Researchers.
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