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Quote of the Day
"We take good data for granted until something goes wrong — at which point it is too late."
(Tim Harford)
Chart of the Day
The correlation of S&P 500 components has been declining for months.
Markets
- Small caps have done great work catching up to large caps. (theirrelevantinvestor.com)
- The Nasdaq Composite is fifty years old. (crossingwallstreet.com)
- TIPS-derived inflation estimates are on the rise. (capitalspectator.com)
- Why the 'cash on the sidelines' argument is bogus. (alephblog.com)
GameStop
- Why it's so hard to sort through all the GameStop ($GME) narratives. (ritholtz.com)
- Why pump-and-dump schemes are so dangerous. (pragcap.com)
- More regulation isn't necessarily the cure for when stocks go crazy. (monevator.com)
Strategy
- Investing is one area where activity is not correlated with results. (novelinvestor.com)
- Most investment decisions are not 'either or.' (retirementfieldguide.com)
Crypto
- Some evidence that Bitcoin is becoming stickers, i.e. more of store of value. (ospreyfunds.io)
- Young men are over represented when it comes to Bitcoin trading. (marketwatch.com)
Offerings
- Softbank's Vision Fund has been a major beneficiary of the IPO boom. (ft.com)
- SPACs are a bright spot for Credit Suisse. (wsj.com)
- Simon Property Group ($SPG) is launching its own SPAC. (wealthmanagement.com)
- Yogurt maker Chobani is planning a 2021 IPO. (wsj.com)
- A-Rod is launching a SPAC. (reuters.com)
Finance
- CartaX has conducted its first auction of private company stock. (techcrunch.com)
- Individual stock futures never caught on. Maybe it's time to bring them back? (bloomberg.com)
Supply chains
- Supply chain costs are rising across the board. (ft.com)
- The chip shortage is rippling through the global auto industry. (axios.com)
Housing
- Why the housing market did what it did during pandemic. (vox.com)
- 30.2% of American homes are considered 'equity-rich.' (inman.com)
- In some Midwestern cities, urban home price gains are outpacing the suburbs. (housingwire.com)
Jobs
- Canada's economy saw a jobs reversal in January. (bnnbloomberg.ca)
- In the U.S., the January NFP report was disappointing. (calculatedriskblog.com)
- The household and establishment reports strongly diverged. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: changing your mind is a superpower. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the healthiest diet. (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)
