Topley's Top 10

Robinhood Stock Measure of Risk?

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1. Not Usually a Bear Market Signal. U.S. Stock Market Consensus Underweight…

FundStrat

2. Robinhood Stock Measure of Risk? Hitting New Highs

StockCharts

3. India More Expensive Forward P/E than U.S.

Equities: Here is a snapshot of global equity market valuation.

The Daily Shot Brief

4. TLT Has Huge Inflows on “Bad Auction” Day

Jim Bianco

5. Home Country Investing Bias Higher in Other Countries than U.S.

VettaFi

6. GOOGL Rallying Again…Held 200-Week Moving Average on Long-Term Chart

StockCharts

7. Programs as a Percentage of Overall Federal Spending

Barron’s

8. Americans Will Spend $700m Less on Gasoline this Memorial Day Weekend

Gasbuddy notes that Unleaded should average $3.08 on Memorial Day, possibly sub-$3 later this summer.  “Americans will spend ~$700 million less on gasoline this Memorial Day weekend vs last year from Friday to Monday”, according to GasBuddy estimates.

Dave Lutz Jones Trading

9. How Successful People Take Notes

10. Life Without a Design is Erratic

Via The Daily Stoic-The world is crazy. There is so much going on, so much to follow, so much to be concerned about. Plus, we have our own crazy lives to worry about—that pile of work, the kid who might be coming down with a cold, the house project that must be finished.

How do we make sense of it all?

George Raveling, the legendary basketball coach and one of our favorite people whose life’s journey is full of inspiration and wisdom, has an answer. As he shares in his new book What You’re Made For (grab copies at the Painted Porch), George was overwhelmed by self doubt after he was tapped to run the second-largest division of one of the biggest and most iconic Fortune 500 companies ever—Nike. He had no prior corporate experience and wasn’t sure how he’d manage all the responsibilities before him. But then a mentor gave him a simple system:

“When you leave the office every day, leave a yellow pad in the middle of the desk, and when you come in the morning, write down the three most important things you gotta get done that day in that order. That day, do not do anything else but the first thing on the pad. And if you get the first one, then you go to the second one. That will put structure to your day, and it’ll give you a sense of purpose.”

“That simple system ended up working wonders,” George writes. “Suddenly, this daunting new role began to feel manageable…This experience reinforced a belief that had guided me throughout my life and career: one of our fundamental purposes as human beings is to create order and structure from the chaos of existence.”

That’s what the Stoics believed too. It’s why they were big on habits and routines. In a world where so much is out of our control, committing to a routine we do control was, they said, a way of establishing and reminding ourselves of our own power. Without a disciplined schedule, procrastination inevitably moves, feeding on all the chaos and complacency and confusion. What was I going to do? What should I wear? What should I eat? Where do I start? Should I tackle this problem or that one?

That’s torture. Seneca would call it a design problem. “Life without a design is erratic,” he wrote. We must create order. We must design routines and systems. When we do, chaos, uncertainty, disorder, complacency, and confusion is boxed out—by the order and clarity you built.

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Indices that may be included herein are unmanaged indices and one cannot directly invest in an index. Index returns do not reflect the impact of any management fees, transaction costs or expenses. The index information included herein is for illustrative purposes only.


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