Kelce and TSwift, Alberta Eyes CPP Assets, And Why The Stock Market Is Selling Off Into The Fall

Listen in podcast app and follow below for the podcast topic arc.

* NBA trade rumors and the biggest issue facing small market teams.

* Swifties meet Football

* Why are markets selling off into Q3/Q4

* Are Stocks Overvalued?

* Alberta and their quest to separate itself from CPP

* Powerball Winner mistakes

* Recommendations and Links

Listen on Apple, Spotify, or Google Podcasts.

Market Update📈📉

One thing about market corrections is that it drives investors and clients nuts. You can see it in the conversations being had on twitter.

But more acutely, you will see it in the media headlines.

In my experience, it's way better to focus on how normal this is and more importantly, pay attention to which stocks and assets are bucking the trend.

Focus on whats working.

Twitter links from the pod:

* Trevor Tombe talks CPP

* Ram talking about VC and asset allocation

* Matthew Ball on Googles relationship with Apple

* Will there be a credit event that comes from the yield curve bear steepening?

Podcast & YouTube Recommendations🎙

* Marks Interview with Sam Altman at Y combinator:

Mark Zuckerberg has said that one of the best things Facebook did was invent the idea of a growth team.

“Making it so that we could grow faster was the most important product feature we ended up building for Facebook. The traditional approach to growing and marketing is you have a communications group or marketing team and you buy ads. Sometimes there’s a place for that.. But if you’re actually trying to grow a product, the best levers for doing that are often within the product itself.” He continues: “There’s no magic in the group we’ve built here that other people can’t replicate. It’s just being very rigorous with data and investing in data infrastructure so that you can process different experiments and learn from what customer behavior is telling you.”

* A wonderful interview touring the macro headwinds facing markets: What to do and how to allocate your money from On The Margin

* The future of the next platform is the home: Dithering podcast

Best Links of The Week🔮

* FTC Sues Amazon - Wall Street Journal

* Alberta eyes more than half of CPP assets - Globe and Mail

* Amazon invests 4b in Anthropic - Tech Crunch

* "The United Auto Workers union will announce expanded strikes at General Motors, Ford Motor and Stellantis plants if the sides don’t make significant progress in negotiations by 10 a.m. ET Friday... The new union-imposed deadline comes a week after the UAW announced it would expand its initial Sept. 15 strikes at assembly plants of each of the Detroit automakers to 38 additional parts and distribution locations for GM and Stellantis. The UAW did not expand its strikes at Ford, citing progress in those talks." - CNBC

* After months of hints and anticipation, today Meta Founder/CEO Mark Zuckerberg unveiled Meta’s ‘Smart Agent’ AIs, along with other new products and services at the company’s Connect Developer Conference. Key difference vs OpenAI, Google and other LLM AIs that Meta was focusing on according to Mr. Zuckerberg, - “People aren’t going to want to interact with one single super intelligent A.I. — people will want to interact with a bunch of different ones.”

* "Minneapolis Federal Reserve President Neel Kashkari said Wednesday he’s unsure whether the central bank has raised interest rates enough to tame inflation. Speaking one day after he penned an essay suggesting that rates may have to go “meaningfully higher” from here in order to bring down prices, Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the economy nor stimulating it, may have moved higher... Some of his concerns stem from the fact that sectors of the economy that normally are affected by rate hikes seem to be ignoring them." Source: CNBC

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