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Quote of the Day
"Data and network effects can make big wins out of even innocuous-looking acquisitions. This is a clear advantage for the likes of Facebook and a distinct disadvantage for our watchdogs. So, we need to think differently about monopolies — how we conceive them, what is permissible, and what is not allowed."
(Om Malik)
Rates
- Mortgage rates are still sitting at all-time lows. (housingwire.com)
- TIPS-derived inflation expectations are above pre-pandemic levels. (capitalspectator.com)
- The 10-year Treasury yield has officially stopped going down. (sentimentrader.com)
Strategy
- Some money lessons from the movie 'Wall Street' that still hold up. (awealthofcommonsense.com)
- Behavioral mistakes were apparent in investors in a book from the early 1900s. (novelinvestor.com)
- The basis principles of money management have been known for awhile now. (mrzepczynski.blogspot.com)
- Some notes from Howard Marks' "The Most Important Thing Illuminated." (novelinvestor.com)
Crypto
- The Bitwise 10 Crypto Index Fund ($BITW) is now trading. (thinkadvisor.com)
- JP Morgan ($JPM) is throwing fuel on the 'Bitcoin is digital gold' fire. (finance.yahoo.com)
Companies
- No matter how you slice it, Apple's ($AAPL) M1 chips are game changers. (techpinions.com)
- Why you shouldn't hold your breath waiting for a breakup of Facebook ($FB). (nytimes.com)
- ExxonMobil ($XOM) has no intention of getting into wind or solar energy. (nytimes.com)
IPOs
- Airbnb ($ABNB) shares are set to double on their (delayed) opening. (cnbc.com)
- Don't forget about Pubmatic ($PUBM)! (cnbc.com)
- Investors are piling into IPOs. (theirrelevantinvestor.com)
Finance
- Mortgage originations are on track for their best year ever. (wsj.com)
- The SEC has approved a plan to bring more data into the public exchange feeds. (wsj.com)
Video
- Why everybody is mad at WarnerMedia for pledging to release blockbusters directly to HBO Max. (hollywoodreporter.com)
- What the cinema business will look like post-pandemic. (theatlantic.com)
- What international shows are U.S. Netflix ($NFLX) subscribers watching? (wsj.com)
Economy
- Weekly initial unemployment claims saw a sharp jump higher. (crossingwallstreet.com)
- Inflation talk is only going to heat up from here. (thereformedbroker.com)
- Job openings are on the rise but still way down. (axios.com)
- What productivity numbers have done in pandemic. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: an incomprehensible world. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: what matters most. (abnormalreturns.com)
- The search is on for one-stop, managed portfolios for alternative investments. (abnormalreturns.com)
- The 'Swiss cheese model' and the importance of avoiding single points of failure in pandemic and life. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter just for advisers. (newsletter.abnormalreturns.com)
