Daily Archives: Aug 31, 2022 at 07:43 am EDT

Macro Briefing: 31 August 2022

* Russia stops gas flow to Germany, allegedly for maintenance purposes
* Eurozone consumer inflation rises to new record high annual rate: +9.1%
* China factory activity contracted for a second month in August
* US life expectancy fell for a second year in 2021 due to Covid-19
* US dollar on track for third straight monthly gain vs. basket of currencies
* Growth of US home prices eased in June but annual pace is still strong
* US Consumer Confidence Index rose in August after three monthly declines
* US job openings rebounded in August, holding near peak level:

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Book Bits Interview: Dan Strachman On Julian Robertson’s Legacy

Julian Robertson was one of the most successful investors of all time, perhaps the most successful. When he died last week, he left an investment legacy that will likely remain an exemplar of victory over market beta that few, if any, will be able to match in the years ahead. By one estimate, his Tiger fund generated a stellar 25% a year over two decades – a track record that easily puts Robertson in the highest ranks of alpha generators.

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