Quote of the Day
"People want to own a meme stock not due to any intrinsic quality of the company or its stock but because other people want to own it—or will want to."
(Luke Birgis)
Markets
- It's hard to overstate how big an outlier the performance of the bond market over the past couple decades. (awealthofcommonsense.com)
- Despite higher highs, market breadth is weakening. (sentimentrader.com)
Crypto
- Bitcoinland operates under its own ethos. (ft.com)
- Coinbase ($COIN) has received a crypto custody license in Germany. (coindesk.com)
Big Tech
- Apple ($AAPL) and Microsoft ($MSFT) are once again at loggerheads. (wsj.com)
- What is Microsoft's ($MSFT) plan for Windows going forward? (stratechery.com)
Finance
- The CME ($CME) is launching Micro Treasury Yield futures targeting retail traders. (markets.businessinsider.com)
- UBS is going allow a big chunk of its workforce to go hybrid. (investmentnews.com)
Fund management
- Ellen Carr, "I worry a young woman reading the meme stock coverage could conclude either that she is no match for the hyped traders and/or that she has no interest in working in an industry dominated by this personality type." (ft.com)
- Permanent equity may help align incentives but there are some hitches. (bloomberg.com)
Global
- The end of Apple Daily is a benchmark for Hong Kong. (theatlantic.com)
- Index fund companies are routinely investing in companies based in Xinjiang, China. (scmp.com)
Economy
- Rising rents are going to help push inflation higher over the next couple years. (bloomberg.com)
- Workers are feeling emboldened to change jobs. (nytimes.com)
- What the Taylor Rule is saying right now. (mrzepczynski.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: the first meeting. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone read 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)
Mixed media
- Five hour work days can work if distractions can be reduced. (reasonstobecheerful.world)
- What mistakes companies are making in a return to the office. (scientificamerican.com)
- Even if places where there is paternity leave, men often don't take it. (nytimes.com)
- Why you should do stuff that scares you. (hunterwalk.medium.com)
