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If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession

It's official. It's finally here. The brand new, updated, turbo-charged, better than ever... iPod Touch? Wait, the iPod might be one of the most significant innovations Apple has ever created, but did anyone know it still actually sold them? I'm pretty sure I still have a 5th generation iPod Video in a drawer somewhere. I even swapped out the original hard drive for a compact flash card a few years ago, but I haven't used it since I bought an iPhone . It turns out not only does Apple sell them, but the company just announced it has updated them with the A10 Fusion processor from the iPhone 7, with support for augmented reality (AR) and Group FaceTime. Apple's announcement includes an especially interesting quote from Greg Joswiak, who is Apple's vice president of product marketing. In it, Joswiak says that Apple's "making the most affordable iOS device even better with performance that is twice as fast as before." Here's why that's interesting. He … [Read more...] about Apple Just Updated a Product No One Even Knew It Still Sold

Share to Twitter Share to Linkedin Most people want at least some say over how they work, whether that means scheduled hours; being remote, hybrid or in-office; or their responsibilities and duties. When employees accept schedules they don’t want or conditions they don’t like, it’s usually because they feel they have no choice, and their reactions may range from begrudging acceptance to full-out resentment. But research shows that when people work the way they’re most comfortable, the way they want to , they’re most likely to do their best, delivering everything from productivity to innovation. And, in fact, employees usually react with aversion if they’re subject to absolute mandates—for example, about everyone working from the office all the time, while employees who perceive that they have more autonomy—for instance, to choose their projects—respond with greater loyalty and better performance outcomes . But leaders don’t always recognize that … [Read more...] about 3 Practical Ways Leaders Can Give Employees More Of The Autonomy They Crave

- A + A WASHINGTON (June 28): US consumer confidence dropped to a 16-month low in June, as worries about high inflation left consumers to anticipate that the economy would slow significantly or even slide into recession in the second half of the year. Despite the gloomy outlook, consumers showed little sign of cutting back on spending, with buying plans for motor vehicles and other big ticket items like refrigerators and washing machines increasing, the survey from the Conference Board on Tuesday showed. But fewer consumers compared to April intended to go away on vacation at home or abroad, reflecting record high gasoline prices and expensive airfares. The economy is on recession watch as the Federal Reserve aggressively tightens monetary policy to tackle inflation. For now, it continues to grow, with other data on Tuesday showing the goods trade deficit again narrowing significantly in May as exports hit a record high. "Right now we are at an inflection point in … [Read more...] about Inflation saps US consumer confidence; house prices remain elevated