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Quote of the Day
"If GameStop's buyers invested for personal reasons as well as pecuniary, that is their right. The stock market does not test investor intentions."
(John Rekenthaler)
Chart of the Day
To understand what happened in the past week you need to look at a number of interacting forces and trends.
Markets
- Small traders continue to buy call options hand over fist. (sentimentrader.com)
- Individual traders have always been on the same playing field as pros. (savantwealth.com)
- Professional investors don't have loyalties. (economist.com)
Crypto
GameStop
- GameStop ($GME) still is a real company with real problems. (washingtonpost.com)
- Seriously, what is GameStop ($GME) really worth? (nytimes.com)
- Long term trends are still working against GameStop ($GME). (protocol.com)
Brokerage
- Justin Paterno, "PFOF is the ad model for brokerage." (justinpaterno.com)
- Robinhood has shored up its balance sheet. (fortune.com)
Finance
- Two companies nearing public listings, UiPath and Databricks, just raised big founds of capital. (cnbc.com)
- Houston Rockets owner Tilman Fertitta is merging his non-basketball holdings into a SPAC. (wsj.com)
Sports gambling
- The big entertainment companies are jumping onto the legalized sports betting trend in a big way. (sportico.com)
- Why sports betting firms spend so much on advertising and customer acquisition. (nytimes.com)
Europe
- The dollar store model has come to Europe. (ft.com)
- Streaming services in Europe are overwhelmingly American. (ft.com)
Housing
- Mortgage rates are holding at record lows. (calculatedriskblog.com)
- Divvy Homes, a startup that facilitates rent-to-own home purchases, has raised a new round of capital. (news.crunchbase.com)
Earlier on Abnormal Returns
- Research links: a flawed assumption. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: the RIA model. (abnormalreturns.com)
- February ESG links: sustainable indices. (abnormalreturns.com)
- Tired of reading? Listen to your favorite bloggers read some their recent posts on The Goldmine. (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)
