The ancient Greeks observed that the hottest days of the year coincided around when Sirius (aka the “dog star”) appeared to rise alongside the sun, believing it was the heat from the two stars combined that made the late summer so hot. True to form, the “dog days of summer” were punishingly hot throughout August, with dangerous heat waves registered across much of the globe. This had substantial implications for the global economy, especially in China, where heatwave-related power outages took key manufacturing hubs offline, and markets responded negatively. As we turn the page and look forward to autumn, there is hope for change, as The Farmers’ Almanac projects much cooler weather for September, with the possibility of the first snow along the northern Rockies by the end of the month. Many of us are looking forward to leaf peeping and sweater weather.
Articles of Interest
Ingenuity and the Investor
Civilization is a history of innovation—curious minds seeking to improve upon existing ways of meeting humanity’s wants and needs. Public securities markets are just one example of such creativity, and they have a history of rewarding investors for the capital they supply to fund such innovation.
Bo Jackson is the only athlete named an All-Star in Major League Baseball and the National Football League. In 1989, when Nike launched his cross-trainer shoe campaign…the hook was a playful embroidery of his athletic talents: Bo Knows. And not just baseball and football knowledge, but every sport. The premise of the Bo Knows campaign is a constructive reference for investors.
How to Avoid Financial Panic When a Recession Threatens
More Americans are worried about a recession with record inflation and a downturn in the stock market. If you’re among them, here are a few steps you can take that could help you sleep better at night.
Top Places to See Fall Foliage in the U.S 2022
In hues of amber, crimson, and ochre, fall conjures up pumpkin spice, and fabulous fall foliage Predicting the best time to see the leaves change is tricky, but many states offer foliage trackers to help travelers time their trips. Looking at past peak periods can also help predict the best time to take a scenic trip.
How Student Loan Forgiveness Will Affect the Stock Market
The boom in retail investing over the past two years — including the rise of meme stocks and cryptocurrency surge — has been attributed to a lot of factors. But one aspect that has regularly been mentioned is the introduction of stimulus checks during the pandemic. While they were promoted as funds to help Americans cover basic needs during trying times, the extra money was also used by many to invest in the stock market. So will student debt relief have a similar impact on retail investing?
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