Mid Week Reads: July 6th, 2022
Good Morning.
If your first thought after checking your portfolio was “what’s so good about it?” you are not alone. With stocks down from their highs and bonds not doing much better, you might wonder if we are in a recession already. While many professionals think we are, a strong labor market indicates it’s unlikely. As of May, the unemployment rate was 3.6%.
A Quick Check on Markets:
The moral of the story is a simple one, there are not many places to hide.
Mid Week Reads (links):
Job openings fell in May but still outnumber available workers by almost 2 to 1 (CNBC)
Mortgage demand sinks even as rates drop (CNBC)
Red States Are Winning the Post-Pandemic Economy (Wall Street Journal)