Quote of the Day
"Whether it’s crypto or stocks or anything else, buying on weakness is way easier said than done."
(Michael Batnick)
Chart of the Day
Tesla ($TSLA) has fallen below their 200 day moving averages for the first in a while.
Markets
- How much of retail trading has been driven by boredom? (awealthofcommonsense.com)
- The bull market's biggest stars are all getting taken down at the same time. (bloomberg.com)
- SPAC pops are pretty much gone. (ft.com)
Crypto
- Bitcoin crashing is nothing new. (theirrelevantinvestor.com)
- Who is investing in cryptocurrencies? (washingtonpost.com)
WarnerMedia-Discovery
- The CEO of Discovery is going to lead the combined company. (variety.com)
- AT&T has unwound its big media acquisitions. (nytimes.com)
- Will the combined company combined its streaming apps? (thestreamable.com)
- Is this the kickoff to a new phase of content consolidation? (pastemagazine.com)
- Why the deal had to happen. (lefsetz.com)
Private equity
- Private equity hasn't given up on trying to open up its offerings to individuals. (msn.com)
- The PE wave is coming for pro sports. (institutionalinvestor.com)
Global
- It's still difficult to see how the Tokyo Olympics actually happen, safely. (vox.com)
- Canada's housing economy continues to grow as a share of GDP. (visualcapitalist.com)
Lumber
- Sawmills are in no hurry to add capacity. (wsj.com)
- Some DIYers are milling their own lumber. (npr.org)
- Rising lumber prices disproportionately affect affordable homes. (citizen-times.com)
Housing
- The May NAHB shows continued builder optimism. (calculatedriskblog.com)
- Housing is all about inventories at this point in the cycle. (calculatedriskblog.com)
- Is the Fed wrong to ignore the boom in house prices? (thereformedbroker.com)
Economy
- Nobody really knows how a post-pandemic recovery will play out. (vox.com)
- You can ignore anyone talking about hyperinflation. (mathbabe.org)
Earlier on Abnormal Returns
- Adviser links: continuous improvement. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was clicking on last week. (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)
