The stock market is a 'picker's nightmare' and returns among most asset classes in 2023 are following the path of recession, bear market | A century later, US Army overturns convictions of 110 Black soldiers | Chinese graduates hold off career dreams, take temporary government jobs | US needs more pipeline capacity for reliable gas supply -trade group

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� � � � � � You Might Like � � � � � � � � � The stock market is a 'picker's nightmare' and returns among most asset classes in 2023 are following the path of recession, bear market - Markets Insider    The stock market is currently a nightmare for portfolio managers — and it's following the path of previous recessions and bear market downturns, according to Ned Davis Research. Poor performance across most asset classes in the market this year is a harbinger of tough times ahead, NDR said. Stocks and bonds both fell at least 10% for the first time ever this year, and median asset class returns are clocking in at -1.1% so far in 2023, strategists said in a note on Monday. Median asset class returns have only been in the red 10 times over the last 51 years — and median returns have only been lower seven times over that time frame. Those instances typically preceded previous bear markets or recessions, including those taking place in the early 70s, the early 2000s, and in 2008, the firm noted. Continued here A century later, US Army overturns convictions of 110 Black soldiers - Reuters    A U.S army badge is seen on the arm of a soldier during the Dynamic Front 22 Multinational Integrated Fires Exercise organised by the 56th Artillery Command and multinational allies and NATO partners at the training area in Grafenwoehr, Germany July 20, 2022. REUTERS/Andreas Gebert/File Photo Acquire Licensing Rights Nov 13 (Reuters) - The U.S. Army on Monday set aside the court-martial convictions from a century ago of 110 African American soldiers, including 19 who were executed, saying they were denied fair trials in a landmark acknowledgement of official racism in America. The Army Board for Correction of Military Records overturned the convictions, restoring their service records as having concluded honorably and making their descendants eligible for military benefits, the Army said in a statement. Continued here Don't like ads? Go ad-free with TradeBriefs Premium Chinese graduates hold off career dreams, take temporary government jobs - Reuters    [1/4]People attend a job fair in a mall in Beijing, China June 30, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing Rights BEIJING/HONG KONG, Nov 14 (Reuters) - Having failed to find his dream job at a Chinese internet company upon graduation, Peter Liu settled for a role in a state library where there is so little need for his participation that he spends his time studying for a change in his career path. "It's really hard to get work at big companies," said the 24-year-old who majored in TV production at a Beijing university before moving back home in the central Henan province. Continued here US needs more pipeline capacity for reliable gas supply -trade group - Reuters    A warning sign for a natural gas pipeline is seen as natural gas flares at an oil pump site outside of Williston, North Dakota March 11, 2013. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights Nov 13 (Reuters) - The U.S. needs more natural gas pipeline capacity to maintain reliable gas supply during extreme cold weather, a trade group representing pipeline companies said on Monday in support of regulators who last week urged sought new rules to prevent a repetition of last winter's power outages. The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp (NERC) urged lawmakers to fill a regulatory blind spot to maintain reliable supply of natural gas that was highlighted by an inquiry into power outages during Winter Storm Elliott in December 2022. Continued here

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