🇨🇳 China protests shake markets

🏛️

Markets

China's anti-lockdown protests shake stocks and oil (3 minute read)Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country's strict zero-COVID curbs hit growth expectations in the world's second-largest economy. Clashes between police and protesters across several major cities over the weekend halted a tentative stocks rally that gathered pace last week as hope-starved markets had seized any morsel of good news.

"Collapse" in home prices is coming, experts say (2 minute read)The residential real estate market has screeched to a halt, and some economists believe home prices are about to drop significantly. The big picture: Existing home sales have fallen for nine straight months. The supply of single-family homes is growing. And with mortgage rates near 7%, experts say a large-scale housing slowdown is becoming increasingly likely.

Goldman Sachs sees stocks enduring 'less pain but also no gain' in 2023 (3 minute read)U.S. equity investors reeling from a disappointing year in the stock market may not have much to look forward to going into 2023, according to strategists at Goldman Sachs. “In 2023, we expect less pain but also no gain,” equity strategists at Goldman Sachs led by David Kostin wrote in the bank’s 2023 equity outlook report.

📈

Investing

Evolution & Revolution: Five Technology Megatrends Impacting Society (10 minute read)Technology megatrends transform society, and there is a hugely significant fourth wave on the horizon. Since the 1960s, commercial enterprises have benefited from a rapid evolution in the technologies available to them—adapting many innovations originally designed for the military and previously deployed only to large universities. This cycle of new technology changing business abilities, and we are on the verge of a fourth innovation cycle.

When Should You Change Your Asset Allocation? (5 minute read)Complex problems like the financial markets don’t have to require complex solutions to reach your goals. There’s an old saying that people don’t go to church on Sunday to learn about the 11th commandment. The same applies to investing — you don’t have to reinvent the wheel simply because more money is at stake. It took me a while to come to this realization, but from a portfolio management perspective, managing more money just means a few more zeroes.

100+ American Savings Statistics: Averages, Rates, and Retirement Stats (15 minute read)Stashing money away for emergencies or future spending is always a great idea. But do the numbers reflect this wisdom when we look into the actual stats? This post will show you: 1. American savings statistics 2. Retirement savings statistics 3. Personal income statistics 4. Digital wallet statistics 5. Cryptocurrency statistics 6. Credit card debt statistics

💸

Money

To Build Inevitable Wealth, Simply Avoid Financial Ruin (5 minute read)When Warren Buffett bought his first stock, it looked like the allied forces were losing the war. But as long as you’re bullish on the future, you must become callous to what’s reported on the news. Buffett and his partner Charlie Munger claim they never allowed macro factors to interfere with their investment process. They have a system for picking stocks and they have a mental model for staying in those stocks.

🐥

Best of Twitter

🧠

Wisdom Of The Week

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in crypto and web3 - check out our new newsletter, The Crypto Journal!