Here’s the Roundup — a day early this week (we’ll post the DAA and Sector Rotation updates tomorrow).
Wall Street finds new value in cash as global fears weigh on markets (Wall Street Journal). As stock prices wobble and bond yields rise, cash is no longer trash.
What does the bond market rout mean for the stock market? (Ben Carlson, A Wealth of Common Sense). "These past few years it feels like everything in the markets is happening faster than ever."
A stock is not an index (Nick Maggiulli, Of Dollars and Data). The stock price of an individual company may never recover from a big setback. But a setback for an index fund is likely to be temporary — for a simple reason.
Fidelity is offering 401(k) investors access to bitcoin, the first retirement plan provider to do so (CNBC). This could make crypto even more popular and mainstream.
Bitcoin in your 401(k)? Not so fast (Madeline Hume, Morningstar). Some observers think Fidelity is making a big mistake.
How do state taxes affect retirement planning? (Mike Piper, Oblivious Investor). Tax laws — touching on Social Security, retirement account distributions, and estate matters — can differ widely from one state to another.
Fidelity hiring spree continues with plans to add another 12,000 employees (Wall Street Journal). The big brokers keep getting bigger. Meanwhile, fintech start-up Robinhood is laying off 9% of its full-time workforce.
New credit card company wants to counter woke banks (Washington Free Beacon). The new company, Coign, will let customers "voice their priorities through charitable donations they get to pick."
The rich and the wealthy (Morgan Housel, Collaborative Blog). "The man who can buy anything he covets...values nothing that he buys."
As for me and my household, we’ll resist mammon (Andy Crouch, Christianity Today). "Mammon" is more than simply money. It is the "anti-God impetus that finds its power in money."
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