Quote of the Day
"I’ve decided that I am going to stop ignoring and dismissing meme investing and start trying to understand it better. I think it is not something that is going away anytime soon and may turn into something even more interesting."
(Fred Wilson)
Commodities
- Lumber prices are down bigly from their peak. (thereformedbroker.com)
- Other commodity prices seem to have topped as well. (finance.yahoo.com)
- The recent spike in steel prices is "fighting against a lot of history." (ritholtz.com)
Markets
- Teens may be trading more, but they aren't driving meme stock volume. (theirrelevantinvestor.com)
- The FAANMG premium is gone. (snippet.finance)
Crypto
- Bitwise Asset Management just raised a Series B from a list of luminaries. (cnbc.com)
- MicroStrategy ($MSTR) is all-in on Bitcoin. (ft.com)
Morgan Stanley
- Morgan Stanley ($MS) is thrilled with its E-Trade acquisition. (wealthmanagement.com)
- Morgan Stanley CEO James Gorman, "If you can go into a restaurant in New York City, you can come into the office and we want you in the office." (ft.com)
Finance
- Club deals are back and PE LPs are not happy about it. (institutionalinvestor.com)
- How the auction for once-bankrupt Hertz ($HTZ) played out. (ft.com)
- Institutional investors are no longer shy about secondary deals. (institutionalinvestor.com)
Fund management
- How small issuers drive ETF innovation. (etf.com)
- Three proposals to curb the voting power of index fund providers. (morningstar.com)
Global
- Russian disinformation efforts have only increased under the Biden administration. (ft.com)
- Brazil is beset with Covid misinformation. (npr.org)
The Fed
- The Federal Reserve's reverse repo facility is deluged with assets. (ft.com)
- There is little drama left in Fed meetings. (compoundadvisors.com)
Economy
- Homebuilder confidence fell to its lowest level since August 2020. (housingwire.com)
- Industrial production is set to top pre-pandemic levels. (calculatedriskblog.com)
- Why employment gains are likely to stick. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: middle children. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: feeling like a priority. (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)
