10 Thursday AM Reads

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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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Hillary Clinton Won Sunday Night’s Debate

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Hillary Clinton’s superb debate performance on Sunday raised an unsettling question: If she can be this consistently good on a debate stage, why can’t she replicate that impressiveness on the campaign trail or in interviews? Clinton was once again in superior form Sunday night in South Carolina, besting Sen. Bernie Sanders and Martin O’Malley in the last Democratic debate before the Iowa caucus.



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