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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