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10 Monday AM Reads
['Barry Ritholtz', 'Albert Einstein']
The Big Picture
My back-to-work morning train WFH reads:• Sell Rosh Hashana; Buy Yom Kippur: This seasonal stock-market trading pattern is coming up — and worth observing The Wall Street adage — ‘Sell Rosh Hashana; buy Yom Kippur’ — focuses on the market’s performance between these two Jewish holidays.
(Marketwatch)• Low-income Americans slash spending, a worrying sign for the economy: Spending is softening in a “fragmented way,” analysts warn, and even wealthy Americans are scaling back.
(Wall Street Journal)• Cash Yields Are Going Down.
The Fed’s expected rate cuts will squeeze yields on cash while borrowers may get a break on loans.
In the 1960s and 70s, scientific expeditions and companies drilling the ocean for resources such as oil would sometimes hit fresh water.