10 Friday AM Read – big picture

The last morning of my week The train WFH reads:

A Hedge Trimming: Match lost streaks Since 1960, there have been 44 distinct instances of the S&P 500 index lasting five or more consecutive weeks. Since 1973, the US Treasury has 31 lost streaks lasting at least five weeks. Yet these prolonged sell-offs never matched – until the beginning of May. For the first time in almost 50 years for which we have both data sets, two sides of a typical 60/40 US portfolio have lost money for five consecutive weeks. (People Institute)

A Panic the stock market, but you don’t have to: After the stock market sank at the beginning of the Covid-19 epidemic, it is doing quite well. The S&P 500 grew 16% in 2020 and 27% in 2021 The environment has probably made it a bit easier to forget that the bull market is not permanent and the water can be rough. As the saying goes, markets often take stairs up and elevators down and we’re in elevators right now. (Vox) See more Amateur investors are riding on bulls. Bear loom now. An estimated 20 million people started their own businesses during the epidemic. Some are changing strategies as stocks fall, others are getting out. (New York Times)

A Crypto Great Reset: How Digital Asset Investors Will Recover From বাজ 1 Trillion Market Recession: Crypto’s fastest-growing blockchain, LUNA, has fallen below, promising to succeed where Bitcoin has failed. Its predictable decline has reverberated throughout the crypto market and is forcing investors to take pieces. (Forbes)

A Is this the worst deal of the SPAC era? With the help of Cantor Fitzgerald and Goldman Sachs SoftBank, Greensill and Credit Suisse, View Inc. Made a subtle noise with it. (Bloomberg)

A In the coal country, a new opportunity to clean up a toxic legacy: Waste from abandoned and bankrupt mines polluted more than 12,000 miles of waterways. Now states are looking at how to extract important ingredients from those waters in an effort to offset the high cost of cleaning. (Washington Post)

A How China uses its media – and the global media to spread misinformation From Kovid to the Ukraine war, China has stepped up its efforts to influence public opinion around the world. (Grid)

A Controversial Land: Was Brexit Made in Oxford? A new book blames Oxford University for Brexit. (Disputed land)

A How hunters overcome the most complexities of defense Many cunning species are repelled by hedgehog quills, venomous snake fangs, glue-armed octopuses, and more. (National Geographic)

A Trump has backed about 200 candidates this year. This will test his possession in 26 GOPs. Although the former president has won some early victories, there is a long election season ahead. (Grid)

A ‘Everybody Hurt Me’: Actor Rosie Perez on Botox, Boxing – and the Casting Couch Spike Lee made him champion, but he still had to fight cruelty and racism to get to the top. Now, much more in demand than ever before, he talks about his trailblazing career. (Parent)

Gerard K. this weekend. Be sure to check out our Masters in Business interview with O’Reilly who serves as Co-CEO and Chief Investment Officer of Dimensional Fund Advisors. He has developed DFA’s approach to creating and implementing investment solutions. Previously, he was head of research, managing the firm’s rigorous, scientific approach to interpreting, testing and applying research in portfolios.

Significant intra-year drawdowns are common

Source: Calamos Investments

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