Markets

• Interest in SPACs and IPOs are way off their highs. (mrzepczynski.blogspot.com)
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• 2021 is looking to be the year of the stock buyback. (ft.com)
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Strategy

• No matter how you slice is the U.S. equity market looks expensive. (blog.validea.com)
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• Most investors never formulate an investment plan let alone put it into writing. (sentimentrader.com)
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• Diversification should includes style as well as asset class. (morningstar.com)
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• Beware high-cost funds using strategies based on 'science.' (etf.com)
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Crypto

• Dogecoin gives away the crypto game. (ft.com)
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• Bitcoin fans now have a car to root for in the Indianapolis 500. (sportico.com)
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Finance

• The SPAC boom is the fee gift that keeps on giving. (finance.yahoo.com)
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• Softbank is tripling down the second version of the Vision Fund. (axios.com)
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• A wrinkle in the plan for Greg Abel to take over as CEO of Berkshire Hathaway ($BRK.A). (rationalwalk.com)
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Economy

• Transitory or not, consumer prices were up big in April. (crossingwallstreet.com)
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• Inflation weirdness is going to be with us for awhile. (pragcap.com)
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• The U.S. economy is nearly unrecognizable the last time inflation was an issue. (thereformedbroker.com)
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• Open jobs are at a high per the March JOLTS report. (wsj.com)
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• Retail workers, like restaurant workers, are leaving the field for greener pastures. (businessinsider.com)
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Earlier on Abnormal Returns

• Personal finance links: tenacity and awareness. (abnormalreturns.com)
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• What you missed in our Tuesday linkfest. (abnormalreturns.com)
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• Research links: a sin stock factor. (abnormalreturns.com)
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• David Swensen leaves a powerful legacy. (abnormalreturns.com)
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• Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
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Mixed media

• Everybody wants something different from the new era of work, post-pandemic. (feld.com)
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• Why decision makers benefit from being in-person. (avc.com)
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• Remote work changes the nature of the firm. (seths.blog)
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