Quote of the Day
"The 2021 housing craze feels as sudden and shocking as the pandemic, but it was decades in the making."
(Derek Thompson)
Chart of the Day

Americans are increasingly hopping on flights going into Memorial Day.
Inflation
- How tobacco and defense stocks perform during inflation. (fortunefinancialadvisors.com)
- Have commodities already priced in inflation? (mrzepczynski.blogspot.com)
Fund management
- How is manager due diligence going to change post-pandemic? (institutionalinvestor.com)
- What is Acorns going to do with all that SPAC cash? (riabiz.com)
Housing
- Looking to buy a house? It may be time to rent until things cool off. (awealthofcommonsense.com)
- Californians are relocating within the state as well. (nytimes.com)
- Don't let a hot housing market force you into a home in a less than ideal location. (theatlantic.com)
Policy
- A shortage of child care workers isn't going away. (washingtonpost.com)
- A look at growing income inequality in the U.S. (bfi.uchicago.edu)
Global
- More countries are facing demographic declines. (nytimes.com)
- More people are smoking, globally, than eve before. (theguardian.com)
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the holiday-shortened week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: armchair epidemiologists. (abnormalreturns.com)
- Why it's such a weird time to be an investor. (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)