In the grand scheme of investing, behavioral risk is second to none on the list of pitfalls that threaten to derail the best-laid plans for investing. The challenge is especially acute in the thankless task of trying to anticipate how you’ll react when a rough patch arrives. The mystery is all the deeper if your only experience with a fund or strategy is holding it during a bull market. There are no easy solutions to this problem, but you can start to chip away at the uncertainty with a simple round of econometric analysis that focuses on return distributions.
Trump is looking for ways to weaken US dollar: Bloomberg
US plans to form int’l coalition to patrol Strait of Hormuz and nearby waters: BBC
Will Fed adjust policy based on trade issues? Reuters
Trump softened tone on China’s handling of Hong Kong to revive trade talks: FT
Mexico’s finance minister quits, citing policy disputes with president: WSJ
China’s inflation held at a 15-month high in June: SCMP
US job openings eased in May but remain near record high: MW