Hot Reads: ARK’s Wood Highlights Tax Benefits of Losses

Plus, Apple's and Microsoft’s share of S&P 500 weight hits record.

ARK’s Wood Sees Silver Lining in Resulting Tax Benefits (Bloomberg) 
The firm has seen more than $2 billion in losses over the last year.

Apple, Microsoft Dominate US Markets After FAANG Trade Fizzles (The Wall Street Journal) 
The combined weighting of Apple and Microsoft in the S&P 500 has risen to the highest level on record. 

Value Stocks Gain After Brutal Stretch Last Week (Barron’s) 
Last week a key value ETF trailed its growth counterpart by the biggest margin in more than 20 years. 

Asia Financials Weathering Banking Crisis Better Than Global Peers (Institutional Investor) 
Central bankers in Asia have had strict control over regional banks, argues Eastspring. 

What Next? (Jackson Hole Economics) 
Banking crisis is an opportunity to rethink whether we want or need banks. 

Risk of Wider Banking Crisis Possibly Easing (The Capital Spectator) 
The immediate goal is avoiding a spike in financial-system risk writ large. 

UK Regulator Takes Aim at Index Providers Over Greenwashing (Financial Times) 
The Financial Conduct Authority criticizes "widespread failings" in ESG benchmarks. 

Indexing Bond & Commodity Markets in the World of the Upside Down (Indexology) 
Parts of the financial markets are flashing warning signs, but what lies ahead isn’t clear.