Book notes: Why simplicity is such a hard sell. Three insights from Ben Carlson’s A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan.  (Canadian Couch Potato)

Quote of the Day

"Based on recent data, they no longer expect another US rate increase until September at the earliest. For now, the US economy does not support further monetary tightening."

(Gavyn Davies)

Chart of the Day

All major asset classes have negative one-year trailing returns.