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An Early Warning
This Week on The Compound
This Week on The Compound
This week on TCAF, Josh and Michael spoke with Matt Hougan, Chief Investment Officer at Bitwise Asset Management. They discussed the upcoming Future Proof 2024 wealth festival, the launch of the spot Ethereum ETFs, and why companies are cutting paid internships. (Listen)
INSIDE THE COMPOUND
Historical analogies are catnip for stock market analysts. Whatever the situation they can come up with a historical analogy. Callie Cox, writing at OptimistiCallie, reminds us to take this kind of analysis with a grain of salt.
Be very, very careful with drawing conclusions from history. And be very, very skeptical of anybody saying they know what happens next because of lines on charts or numbers in polls. History doesn’t repeat itself, but it often rhymes.
CHART OF THE WEEK
OUTSIDE THE COMPOUND
Election commentary dominated the discourse this week. Neil Irwin, writing at Axios, reminds us to pump the brakes a bit. The U.S. economy (and stock market) are really big and a President can only do so much to influence them. Irwin writes:
There are untold moving pieces in a $28 trillion economy, so if you think you're absolutely sure of how a given election outcome will affect any one of them, you might just be letting your politics brain do the thinking for you.
MERCH
A one-of-a-kind finance-themed Hawaiian shirt just dropped! 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.
COMING SOON
Next week on TCAF, Josh and Michael will be joined by Bryn Talkington, Managing Partner at Requisite Capital Management, and Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence.
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