• Fed Officials Weigh Earlier-Than-Expected End to Bond Portfolio Runoff – WSJ
• The difficulty of being a bear in a bear market – KNect365

“…Making money when everyone else is losing is easier said than done.” – Michael Batnick

• Has Value Investing Gone Out of Style? – Wisdom Tree

• Junk Bond Strength is Bullish For Stocks – McClellan Financial Publications
• The Rules of the Bond Game, Trader Vic – The Epoch Times
• Venezuela bonds hit highest since 2017 on hopes for political change – CNBC
• Carry Traders Are Winning as Emerging-Market Volatility Tumbles – Bloomberg
• China builds up gold reserves in shift away from dollar – Nikkei Asian Review
• U.S. Oil Production Is 23 Years Ahead of Schedule – Bloomberg
• 5 questions with the woman who coined the term ‘gray rhino’ – MarketWatch
• Can multiple Grey Swans add up to a Black Swan? A brief look at Brexit, tariff wars & more – benefits_pro

Bonus

• The Insane Story of How an Early Quant Investor Went Rogue — Institutional Investor
• Alternative Data in Action: Web-Scraping – Greenwich Associates
• The state of artificial intelligence – MIT Tech Review
• ‘AI’ to hit hardest in U.S. heartland and among less-skilled: study – Reuters

• Max Weber’s enduring wisdom – Economist
• The Three Revolutions Economics Needs, Edmund Phelps – Project Syndicate
• The Fourth Founding:  The United States and the Liberal Order — Foreign Affairs
• The risks of a second Brexit referendum must now be run, Martin Wolf – FT
• Why Europe could be the next trade war for Trump – Sydney Morning Herald
• A bankruptcy in the Philippines sparks concerns of Chinese firms taking over a former US naval base  – CNBC
• Tom Brady is a football robot here to take all our playoff records – SB Nation

What are leveraged loans? – FT