Since Oct. 10, 2002, the bear-market low in stocks, the S&P 500 was up 58% through Wednesday after an 18-month bear market, and the CRB was up 53%, after a 20-year bear market. (via Barron’s)
The question of raw price appreciation is less interesting to us than the observation that a new class of investors has changed the nature (and structure) of the commodities futures market.
Daniel Altman in the New York Times takes a philosophical look on the role innovation can play (or not) in offsetting higher oil prices.
Lawrence C. Strauss in Barron’s has some stock picks from some prominent investors from the Ira W. Sohn Investment Research Conference. Andrew Feinberg in Kiplinger’s has a closer look at two of the above picks.
We didn’t notice this brief, yield curve inversion either.
Cody Willard has some interesting questions to ponder during the long weekend.
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