Quote of the Day
"So many of the challenges of trading psychology are rooted in our inability to lose."
(Brett Steenbarger)
Markets
- A handful of indicators showing extremely bullish market sentiment. (sentimentrader.com)
- What will it take to get investors interested in commodity stocks again? (ft.com)
- Have you look at high yield bond yields lately? Sheesh... (theirrelevantinvestor.com)
- Short sellers have been hated forever. (npr.org)
Valuations
- Why valuations won't matter for awhile. (awealthofcommonsense.com)
- Fred Wilson, "When economies recover and interest rates rise, the air will come out of the asset price bubbles that have built up and the go go markets will hit the brakes." (avc.com)
- Valuations, and the like, make a lot more sense if you use the FAAMG stocks as a new benchmark. (notboring.co)
Strategy
- If theories worked forever, investing would be boring. (klementoninvesting.substack.com)
- One of the hardest things for us humans to do is admit we are wrong. (allstarcharts.com)
Housing
- Lumber prices are back at record highs. (wsj.com)
- It may take higher mortgage rates to cool off the red-hot housing market. (housingwire.com)
- The least affordable housing markets across the globe. (visualcapitalist.com)
Crypto
- The approval of Canada's Purpose Bitcoin ETF could put pressure on the SEC to follow suit. (investmentnews.com)
- The Grayscale Bitcoin Trust ($GBTC) has some more competition. (coindesk.com)
Clubhouse
- Why Clubhouse could take the wind out of podasting's sails. (stratechery.com)
- Clubhouse is following the classic Silicon Valley playbook. (nytimes.com)
- Clubhouse shows audio is different than video. (techpinions.com)
- Clubhouse and the problem of partial attention. (casnocha.com)
Finance
- Goldman Sachs' ($GS) Marcus unit is opening its robo-advisor to the masses. (wsj.com)
- PayPal ($PYPL) reportedly wants to turn its app into a full-on financial super-app. (financial-planning.com)
- The competition to build a financial super-app is heating up. (protocol.com)
Global
Economy
- Binyamin Appelbaum, "The fear of inflation has become a greater threat to the American economy than inflation itself." (nytimes.com)
- If, and when, the pandemic is under control the U.S. economy is poised for a robust expansion. (seekingalpha.com)
- Many companies cannot find enough of the right type of skilled workers. (npr.org)
Earlier on Abnormal Returns
- Research links: adequate compensation for bearing uncertainty. (abnormalreturns.com)
- The concept of compounding has a branding problem. (abnormalreturns.com)
- Why 'good defaults' matter for consumers and why financial educators should have modest expectations. (abnormalreturns.com)
- Adviser links: a helping profession. (abnormalreturns.com)
- Tired of hour-long podcasts? then check out 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. (newsletter.abnormalreturns.com)
