My early morning train pre-flight plane reads: • Markets’ Panic Incongruent With Economic Reality—For Now: Stock selloff could presage recession (unlikely), trigger a recession (unlikely) or indicate a lack of faith in policy makers (plausible) (WSJ) see also How to Make Sense of Plummeting Global Markets (NYT) • Seven Reasons Active Management Underperformed in 2015 (CFA Institute) • Beware……………………………..…
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