2. See Above Value Underperforming on Q3 Pullback S&P Pure Value Back to June Lows…50day thru 200day to downside
3. Value Stocks Keep Getting Cheaper
4. Dividend Paying Stocks Under Pressure….
WSJ By Hardika SinghFewer than 30 stocks in the S&P 500 have a dividend yield above that on the six-month Treasury bill, according to FactSet.
That is a shift from much of the past decade when interest rates were near zero and hundreds of stocks within the index offered higher yields. At the end of 2021, before rates began to rise, there were 379 index constituents that offered a better yield than the Treasury bill, according to Birinyi Associates.
To raise more emotionally intelligent kids, parents need to speak to them in emotionally intelligent ways.
As a Harvard-trained neuropsychologist, I teach people communication styles that promote connection and independence, both of which are vital if you want to have strong, healthy and empathetic relationships.
Here are three phrases that parents of emotionally intelligent kids never use — and what to say instead:
1. “Why can’t you be more motivated?”
The brain is wired to excel when and where it can. So when children struggle, it’s not because they don’t want to do well — it’s because they simply can’t.
In other words, the issue isn’t their motivation. It’s that there is a disconnect between your expectations as a parent and their capabilities.
What to say instead: The emotionally intelligent response is to be curious about where your child’s motivation and abilities intersect.
Let’s say your kid is spending too much time playing video games and too little on reading.
Avoid asking, “Why aren’t you more motivated to read books?” Instead, try an open-ended question: “I see you really like video games. I’d love to hear what you like about them so much. Would you share with me?”
I once worked with parents whose daughter had sensory difficulties. They were frustrated because at the doctor’s office, she refused to get out of the car.
But once they invited her into the conversation, they learned that she was actually bothered by the music played in the doctor’s office. This was easily corrected with a pair of earplugs.
Ultimately, the real issue was that the parents weren’t hearing the needs of their kid.
What to say instead: Children’s brains are wired for autonomy and a need to explore the world based on their own identity, not your beliefs about who they should be.
If you’re locked in a disagreement with a seemingly willful kid, instead of asking them why they don’t listen, consider asking, “Have I listened to you?”
Emotionally intelligent parents don’t strive for compliance from their children, but for connection. They need to know that you are willing to hear the truth of their experience.
3. “You are being so disrespectful!”
I frequently see parents jumping to broad — and catastrophic — conclusions about their child’s behavior based on their own insecurities.
One couple told me, “Our teenager doesn’t respect us,” because they didn’t listen when they were told to finish their science homework. But once the parents brought their concern up in a safe, low-stakes conversation, their teenager emphatically replied, “I do respect you! Science is just hard for me.”
What to say instead: The most emotionally intelligent approach to fears that your kid doesn’t respect you is to ask specific, non-judgmental questions, and then explicitly affirm your willingness to listen.
It could sound like this: “I noticed you got a 64% on your last science test. Would you be willing to talk about it? I just want to hear about your experience.”
Children’s feelings rub off on us. When they’re rattled, we get rattled. So when big emotions arise, it’s natural to want to control your child’s feelings by telling them to be quiet, settle down, or listen more closely. But as a parent, your job is not to control your children’s emotions — it’s to master your own.
Dr. Julia DiGangi, PhD, is a neuropsychologist and and author of ”Energy Rising: The Neuroscience of Leading with Emotional Power.″ She completed her residency at Harvard Medical School, Boston University School of Medicine, and the U.S. Department of Veterans Affairs. She studied genetics, trauma and resilience at Columbia, the University of Chicago and Georgetown. Follow her on Instagram @drjuliadigangi.
Bespoke Investment Group Case Shiller home price data published by S&P CoreLogic was released earlier this week for July 2023 (it comes out on a two-month lag). As shown below, 19 of 20 cities posted month-over-month gains, with the National index up 0.6% MoM and up 0.98% year-over-year. Las Vegas saw the biggest monthly gain at 1.12%, while Portland was the only city to see a monthly decline.
The big news from the report was that the National index and ten of twenty cities once again hit new all-time highs, erasing declines seen from mid-2022 through early 2023. The National index saw home prices fall 5% from its prior high last June to its low this January, but it has bounced back by 6% since then to notch new highs. The ten cities to also make new highs were: New York, Minneapolis, Miami, Detroit, DC, Cleveland, Chicago, Charlotte, Boston, and Atlanta.
Four cities remain 5%+ below their prior highs: Phoenix (-6.7%), Las Vegas (-7.2%), Seattle (-10.1%), and San Francisco (-10.8%).
Airlines and planemakers obsess about reducing jet-fuel consumption by constantly finding new ways to reduce aircraft weight. They may have new allies in Ozempic and other similar slimming medications.
United Airlines Holdings Inc. would save $80 million a year if the average passenger weight falls by 10 pounds, Sheila Kahyaoglu, a Jefferies Financial analyst, estimated in a report Friday. Her work was part of a broader Jefferies analysis of public enthusiasm for the drug and potential beneficiaries of its use.
There could be a more than $100 billion global market for such medicines, with sales climbing quickly through the end of the decade, the review concluded. Ozempic is made by Novo Nordisk A/S.
Weight is a major concern for airlines because the more a plane weighs, the more fuel it burns. Fuel and labor are the two largest expenses for carriers, with fuel accounting for about 25%. Over the years airlines have used a variety of methods to reduce pounds on flights, like removing magazines and switching to lower-weight dishes, utensils and beverage carts.
If the average passenger lost 10 pounds, this would trim 1,790 pounds from every United flight, implying a savings of 27.6 million gallons a year, the analyst estimated. At an average 2023 fuel price of $2.89 a gallon, United would save $80 million a year. That equates to 20 cents of earnings per share, or 2% of Jefferies’s full-year earnings estimate of $9.50 a share, she said.
“This benefit should be recognized similarly across airlines,” Kahyaoglu wrote.
10. The Daily Stoic Blog-You Can’t Really Hear this Enough.
One of the most highlighted passages in the digital version of The Daily Stoic is the December 9th quote from Seneca:
“Were all the geniuses of history to focus on this single theme, they could never fully express their bafflement at the darkness of the human mind. No person would give up even an inch of their estate, and the slightest dispute with a neighbor can mean hell to pay; yet we easily let others encroach on our lives—worse, we often pave the way for those who will take it over. No person hands out their money to passersby, but to how many do each of us hand out our lives! We’re tight-fisted with property and money, yet think too little of wasting time, the one thing about which we should all be the toughest misers.”
It makes sense. Property, money, possessions—these things are tangible. We can clearly see when they are taken from us. Time, on the other hand, is more abstract. When our time is eaten up by other people or frittered away on trivial matters, we often don’t even notice.
In The Daily Stoic, the whole month of December is themed around Memento Mori (which you can get a history of here) because the year is ending. With Halloween around the corner, here in the Daily Stoic Email we’re doing a similar deep dive into that theme for the entire month of October. Because you really can’t hear it enough: We can’t live as if we have forever, as if we have unlimited time.
Memento Mori.
Which is an easy concept to nod along to while reading this email. Or listening to a podcast. Or double tap when you see on Instagram.
But how long does that stay with you? How quickly do other thoughts fill the space? How quickly do you go back to frittering your time away?
Will you be able to call upon that reminder in life’s stressful moments?
Different generations have attempted to keep the idea of Memento Mori at hand in different ways. The result can be seen across generations of writing, art, music, jewelry and ritual.
Roman generals employed aides to remind them of this fact at their moments of greatest triumph. Philosophers have kept skulls on their desks for millennia. Beneath the church of Santa Maria della Concezione dei Cappuccini in Rome, there is a crypt built in 1630, decorated with the remains of 4,000 friars. In the middle, there is a plaque inscribed in three different languages that states, “What you are now, we once were; what we are now, you shall be.”
They all were trying to remember: We can go at any moment. We must not waste time.
While times change and it may no longer be practical to keep an aide to whisper death in your ear, the benefits of memento mori remain.
That’s why we created our own additions to the rich history of memento mori, including:
The memento mori medallion which was inspired by the French painter Philippe de Champaign’s famous painting “Still Life with a Skull,” which showed the three essentials of existence: the tulip (life), the skull (death), and the hourglass (time).
The memento mori signet ring which shows Marcus Aurelius’s timeless words: “You could leave life right now…” leaving the wearer to repeat to themselves the final half of the quote “…Let that determine what you do and say and think.”
And the memento mori pendant which shows the hourglass, skull, and tulip with the words Memento Mori. A reminder constantly touching the skin around your neck.
All these were created to remind us that we must live NOW, while there is still time.
It’s a reminder that generations have been attempting to keep at hand and for good reason…
2. Semiconductors Did Break the One-Year Line I Sent Earlier in the Week
3. Last 3 Months Energy XLE +16.9% vs. Semiconductors SMH -6.3%
4. Monster Beverage Best Stock Performer in 25 Years
One of my favorite morning newsletters The Daily Dirt Nap https://www.dailydirtnap.com/ mentioned Monster stock so I hit up chart….…A series of lower highs and close below 200-day
5. 30-Year Mortgage 7.83%
6. U.S. Pending Home Sales Index -44%
7. History of Government Shutdowns and Stock Market-Vanguard Group
Shutdown: A history of mixed results for markets and the economy Although there can be market volatility during a shutdown, history reveals no clear relationship between shutdowns and market returns. Markets might experience heightened volatility in response to the uncertainty in Washington. However, markets have historically had mixed reactions to government shutdowns, with equities finishing in positive territory more than half the time (as noted in the accompanying chart). In the seven instances where shutdowns have lasted 10 days or more, the Standard & Poor’s 500 Index fell four times within the shutdown period and rose three times. The worst return, –4.4%, came during an 11-day shutdown in 1979.
The 6% rate for a six-month CD is a step up from JPM’s 5% offer for a minimum of $100,000.
Those wealthy enough to park $5 million in a certificate of deposit for six months will earn a lofty 6% interest rate at JPMorgan Chase & Co., The Wall Street Journal reported Thursday in an exclusive story.
There’s an important catch with the certificate of deposit, which has been a popular product with banks from people looking to cash in on higher interest rates than available on traditional savings accounts.
To qualify for the 6% CD, money must come from outside JPMorgan Chase JPM, 1.32%, in a bid to draw in fresh capital into the bank, the WSJ report said. The CD’s maximum deposit level is $100 million, with the offering ending on Saturday.
Adam Stockton, managing director at bank data provider Curinos, told the newspaper that banks have been typically offering interest rates of about 2.5% to draw in regular customer deposits, but have been offering 4% to 5% for new wealth-management deposits.
For its part, JPMorgan Chase has been offering 5% to retail banking customers with a minimum of $100,000, while customers who put in less than $100,000 earn 4%. Meanwhile, the bank only pays 0.1% interest for interest-bearing checking and savings accounts, the WSJ said.
As a psychiatrist and neuroscience researcher, I’ve spent 27 years studying the surprising connections between our mental health, physical health and brain health.
I’ve also learned a lot from my personal journey. In my 20s, I was diagnosed with metabolic syndrome, a combination of disorders that increases the risk of cardiovascular disease and diabetes.
But by making some lifestyle changes, I was able to overcome it in just a few months. To continue staying sharp, energized and healthy, here are six things I never do:
1. I never load up on high-carb foods.
Diet plays a role in obesity, diabetes and heart health, but most people don’t realize that it also has profound effects on the brain.
I reversed my metabolic syndrome by committing to a low-carb diet. Generally, low-carb diets eliminate or cut back on grains, baked goods, sweets and fruits that are high in sugar or starch.
I typically have eggs for breakfast. Throughout the day, I eat vegetables, fruits, and a good amount of meat, fish and poultry. This has helped me maintain a healthy weight and keep my blood sugar low.
2. I never take more than 2 days off from exercising.
For me, the optimal workout is 45 minutes, three to five times a week. In addition to stretching and core exercises, I lift weights, run, cycle, swim and take brisk walks.
I don’t push myself to exercise every day, but I also never take more than two days off from aerobic activities.
3. I never get less than 7 hours of sleep a night.
When you sleep, your body enters a “rest and repair” state. The brain undergoes many changes in neurons that play a role in learning and memory consolidation. Without sleep, cells can fall into a state of disrepair and begin to malfunction.
The amount of sleep people need varies, but I always get in at least seven hours a night. I’m usually in bed by 8 p.m. or 9 p.m., and wake up at 4 a.m. The “early to bed, early to rise” routine makes me sharper and more focused throughout the day.
4. I never drink alcohol.
I used to drink regularly, and would sometimes have a glass of wine in the evenings to relax.
But in June 2020, I decided to give it up for one month. Within weeks, I noticed improvements in my sleep and productivity, so I decided to quit drinking altogether. What’s shocking is that I don’t miss it at all.
This doesn’t mean you should give up drinking completely, but the benefits that we once thought alcohol conferred are now being questioned. In a study of over 36,000 people, consuming even one to two drinks a day was associated with brain atrophy or shrinkage.
5. I’m never done with self-growth.
Exploring your emotional health through psychotherapy can be life-changing. It can help you understand who you are and what you want from life, which will strengthen your sense of purpose.
Psychotherapy that focuses on empathy, relationships, social skills or improving cognitive abilities can strengthen brain circuits that have been underdeveloped.
6. I never lose sight of my purpose in life.
Humans are driven to have a sense of purpose. I believe this is hardwired into our brains. When people lack a sense of purpose, it can induce a chronic stress response and lead to poor cognitive function.
Remember that purpose is multifaceted. It involves relationships with other people, yourself and your community. We should all aim to have least one role in society that allows us to contribute and feel valued.
This can be as simple as having household chores, or take the form of being a student, employee, caretaker, volunteer or mentor.
