A Punch to the Stomach

This week Callie Cox joined Michael on a new episode of WAYT. They discussed the prospects for a recession, a change in market sentiment, the state of the American consumer, and how to use analyst buy ratings. (Listen)

• Back to the Futures Market | Talk Your Book (Listen)

• Bears are Back | What Are Your Thoughts? (Listen)

• Boomers vs. Millennials | Animal Spirits (Listen)

• The Simplest Stock Market Hedge | Ask the Compound (Listen)

• Everybody Has a Pension! | Jill on Money (Listen)

2022 was an anomaly. Both the stock and bond markets had double-digit negative returns. Ben Carlson at A Wealth of Common Sense looks at the historical record of what happens in the bond market when stocks decline. He writes:

In the last few years, we have seen a growing number of ways to bet and/or speculate. This includes crypto, legal sports gambling, all manner of leveraged ETFs, and last but not least, 0DTE options. In short, there have never been more ways to blow up your financial life. Unfortunately, no one is looking out for your financial life but yourself. As Tadas Viskanta at Abnormal Returns writes:

Summer is rapidly coming to an end, but that doesn’t mean you can’t use a one-of-a-kind finance-themed Hawaiian shirt. It is a collab between The Compound and Tropical Bros. The best thing is that 10% of all sales will be donated to No Kid Hungry. For a limited time, you can also use the promo code Labor25 to get an additional discount.

Next week on TCAF, Josh and Michael will be joined by Talmon Smith of the New York Times and our very own Ben Carlson.

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