One of the most dependable ways of investing—60% stocks, 40% bonds—isn’t working this year. “Everything on the statement is blood red.”
My latest for @WSJmarkets, with @karen_langley:
https://t.co/jnGAFkaZe1
Stay in touch. My email is [email protected]. And give me a shout, if you happen to be passing through Japan anytime soon. I'll be continuing to look out for everyone's bylines from afar.
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Some personal news: I've left the WSJ after eight years on the markets team.
I'm indebted to my editors. They encouraged me to take assignments outside of my comfort zone and gave me the confidence to tackle bear markets, bull markets, and all the dreadful lulls in between.
Also grateful for all the reporters at WSJ who, through countless coffee breaks, shared bylines, overpriced midtown lunches and g-chats (venting, celebrating) built the camaraderie that makes the newsroom such a special place. They made the decision to leave a very difficult one.
Statement from the Gershkovich family, who are so proud of Evan and Evan can be so proud of them. What a remarkable family, soon to be reunited. #IStandWithEvan
Kudos to my @WSJ London colleagues for lining up for buzzcuts to support @evangershkovich who got a prison buzzcut of his own while he faces false charges in Russia. By the time the hair grows back, we hope he will be home! #IStandWithEvan
"Many moments—his best friends’ engagements, weddings, and birthdays—have been stolen from him. And for us, those events have been marked by Evan’s absence: he, too, has been stolen from us." A powerful letter from some of Evan's friends in today's @WSJ. #IStandWithEvan
It's been 28 weeks since Evan Gershkovich was wrongly imprisoned in Russia. The Journal says: “The accusation leveled against him is categorically false, and we continue to demand his immediate release.”
#istandwithevan#freevan
With the screen behind him showing a photo of a goldfish, trapped in a bowl and looking at a question mark, he made it clear what he thought the audience would become if they chose not to adopt AI in their lives.
“Do you want to be a goldfish?” he said.
https://t.co/VkwiyR7yE1
SoftBank’s Masayoshi Son says he believes artificial general intelligence will surpass human knowledge within the decade.
“Take advantage of it or be left behind.”
My latest for @WSJ: https://t.co/VkwiyR7yE1
Bank of America’s latest global fund manager survey finds:
- 74% expect soft or no landing
- 0% expect stronger growth in China
- Money managers love Japan, say they’re taking the biggest overweight position in the country since Dec. ‘18
The longer it takes for the Fed to bring inflation down, the more likely a recession seems. If inflation cools quickly enough, however, investors believe the Fed might be able to finish its rate hikes while leaving the expansion intact.
That’s what markets seem to be pricing in.