Quote of the Day
"Shooting for the moon in Silicon Valley can lead to Google and Facebook. It can also lead to WeWork and Theranos. I don’t want meh to be the goal, but I also wish that the in-between weren’t so invisible."
(Shira Ovide)
Markets
- Want to know how stocks will do? Watch profit margins. (marketwatch.com)
- The 10-year breakeven inflation rate has stopped going up, for now. (wsj.com)
Strategy
- The ten biggest mistakes fund investors make including 'Seeking smooth returns.' (behaviouralinvestment.com)
- You can't understand AMC ($AMC) by looking at the fundamentals. (theblindfoldedchimp.com)
Crypto
- Coinbase's ($COIN) pro platform now includes Dogecoin. (coindesk.com)
- Why Argentina is a hotspot for Bitcoin mining. (msn.com)
Companies
- Dying companies 'fail to metabolize new information.' (theatlantic.com)
- Etsy ($ETSY) is buying fashion resale app Depop. (nytimes.com)
Housing
- Invesco Real Estate is investing in Mynd to help buy more single-family homes for rent. (finance.yahoo.com)
- Americans do not regret their pandemic moves. (thebasispoint.com)
- Companies now provide 'climate risk scores' for homes. (nytimes.com)
ZIRP
- Despite near-zero yield U.S. money market funds are inundated with cash. (ft.com)
- Putting some numbers to the growing piles of liquidity. (blog.yardeni.com)
Global
- The world's central bankers seem to be on different pages when it comes to inflation. (ft.com)
- UK home prices are soaring. (ft.com)
Economy
- The post-pandemic economy is undergoing a 'great reset.' (ritholtz.com)
- The U.S. Southwest is increasingly attracting new manufacturing facilities. (wsj.com)
- Consumer spending on energy have been trending down for years. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: trying not to lose. (abnormalreturns.com)
- June ESG links: stronger ground. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: extremely high valuations. (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)
