Quote of the Day
"A bubble is not required for a bear market."
(Michael Harris)
Chart of the Day
The market had not priced in FDA approval of Biogen’s ($BIIB) Alzheimer’s treatment, aducanumab. (chart via @ycharts)
Markets
- Over any arbitrary time period earnings may not tell you much about how stocks are doing. (awealthofcommonsense.com)
- Bubbles aren't all bad, especially when leave infrastructure in the place for the future. (ft.com)
- This model shows a rising risk of a bear market. (sentimentrader.com)
Strategy
- @demonetizedblog, "Risk tolerance is not easy to measure. Nor is it static. There is a dynamic element to it." (ensofinance.blog)
- The inflation question is less about level than expectations. (realreturns.blog)
- Portfolio rebalancing is more about risk than return. (wsj.com)
Crypto
- Bitcoin was the first big winner in the cryptospace. But what comes next is way more interesting. (bloomberg.com)
- Nine 'bad' arguments against Bitcoin. (jlcollinsnh.com)
- Crypto scams are still going strong. (morningstar.com)
- China is rethinking its desire to be a Bitcoin mining hub. (wired.com)
Ransomware
- Ransomware attacks are increasingly affecting everyday lives. (washingtonpost.com)
- Which is one reason why calls for regulation of crypto are growing. (axios.com)
Companies
- AMC ($AMC) has played this recent surge in its stock about as well as they could. (axios.com)
- The global chip shortage should extend in 2022. (ft.com)
Finance
- Medline marks the return of the mega-LBO deal. (wsj.com)
- More venture capital is invested when rates are low. (tomtunguz.com)
Economy
- Year-over-year economic statistics are going look weird for a while. (thereformedbroker.com)
- Home prices jumped at 14.8% rate in April. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: living life. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
