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Quote of the Day
"The Fed edges more dovish with each year that passes without the inflation outbreak so-long feared. It’s another reason to expect that both interest rates will tend to surprise on the low side and, if the Fed increasing errs against recession, expect that equities will surprise on the high side."
(Tim Duy)
Markets
- There is always a bear market somewhere. (fortune.com)
- Bubbles can last for a LONG time. (crossingwallstreet.com)
Deals
- Bankers cleared the deck with over $60 billion in announced M&A deals. (axios.com)
- The Charles Schwab ($SCHW) deal for TD Ameritrade ($AMTD) is official. (wsj.com)
- LVMH is buying Tiffany ($TIF). (cnbc.com)
- Novartis ($NVS) is buying Medicines Co. ($MDCO). (finance.yahoo.com)
- eBay ($EBAY) has sold StubHub to Livegogo. (variety.com)
Fund management
- Julie Segal, "Reinsurance is not the first thing that comes to mind when investors think of Elliott Management." (institutionalinvestor.com)
- Actively managed non-transparent ETFs are hoping to level the playing field, tax-wise. (pionline.com)
Housing
- A lot of Boomer wealth is tied up in their homes. Who is going to buy them? (wsj.com)
- Empty nesters are moving back Downtown to rent apartments. (curbed.com)
- Climate change is putting more real estate at-risk, but you can't move real estate. (klementoninvesting.substack.com)
- Just how elevated are German home prices? (ftalphaville.ft.com)
Economy
- The Chicago Fed National Activity Index (CFNAI) fell in October. (calculatedriskblog.com)
- The consumer is still in a pretty strong position. (disciplinedinvesting.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: a BIG deal. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Shifting gears in retirement isn’t easy. (abnormalreturns.com)
