Quote of the Day
"Financial assets are like the bottles of wine. If you wouldn’t buy them at the market price, you should sell them."
(Larry Swedroe)
Markets
- What the magazine cover indicator is saying right now. (allstarcharts.com)
- Fund managers are positioning for inflation. (marketwatch.com)
- Gold is rallying. (sentimentrader.com)
Retail trading
- 2020 saw a big increase in participation by Blacks. (morningbrew.com)
- Fidelity is making it easy for teenagers to trade. (cnbc.com)
- Retail investors don't think their portfolios should experience sharp drawdowns. (klementoninvesting.substack.com)
- Pump-and-dumpers love using Twitter. (ft.com)
Crypto
Companies
- Berkshire Hathaway ($BRK.A) is kicking Wells Fargo ($WFC) shares to the curb. (ft.com)
- Michael Burry aside, Tesla ($TSLA) shorts have pretty much disappeared. (bloomberg.com)
Media
- There is not a lot of overlap between HBOMax and Discovery+ subscribers. (variety.com)
- The WarnerMedia-Discovery deal could be the kickoff to a new wave of media consolidation. (axios.com)
- Speaking of consolidation Amazon ($AMZN) is reportedly buying MGM. (variety.com)
- Why the AT&T ($T) media push never really made sense. (stratechery.com)
- Should the streaming giants be worried? (theringer.com)
Global
- Aussie ex-pats are heading back home. (bloomberg.com)
- Japan's doctors are calling for a cancellation of the Tokyo Olympics. (news.yahoo.com)
- Taiwan is struggling with vaccine distribution. (washingtonpost.com)
Economy
- Why Americans are set to spend like crazy. (thereformedbroker.com)
- You can't discuss the risk of inflation in isolation from other variables. (theirrelevantinvestor.com)
- Despite a recent pullback in lumber prices, supply is still a problem. (bnnbloomberg.ca)
Earlier on Abnormal Returns
- Research links: one macro indicator. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: continuous improvement. (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)
