Ritholtz's Reads: Markets Divorced From Reality

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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My morning  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) (WSJsee also How to Make Sense of Plummeting Global Markets (NYT)

Seven Reasons Active Management Underperformed in 2015 (CFA Institute)

Beware…………………………….. it’s Correction Twitter! (Reformed Brokersee also Are We Already in a Bear Market? (New Yorker)

Three Things That Matter During a Market Sell-Off (A Wealth of Common Sense)

Do Payrolls Have A Measurement Problem Leading To Strong Numbers? (TBP)

China’s great economic shift needs to begin (FT) see also China’s Fading Factories Weigh on an Already Slowing Economy (NYT)

Just How Much Does Koch Industries Pollute? (Bloomberg)

How an obscure adviser to Pat Buchanan predicted the wild Trump campaign in 1996 (The Week)

Caltech Researchers Find Evidence of a Real Ninth Planet (Caltechsee also Evidence for a Distant Giant Planet in the Solar System (IOP)

2015 Was the Hottest Year on Record, by a Stunning Margin (Bloomberg)

What are you reading?

Banking Busts

Source: Calculated Risk

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net