Quote of the Day
"The pump is primed...their house value is up, their stock value is up, their incomes are up, their savings are up, their confidence is up."
(Jamie Dimon)
Chart of the Day
Any good market rally is going to have semiconductor stocks involved.
Markets
- Market breadth is waning. (theirrelevantinvestor.com)
- Bonds and equities are now positively correlated. (axios.com)
Strategy
- Most financial blowups aren't caused by dumb people. (collaborativefund.com)
- The downside of investing in high dividend stocks. (blog.validea.com)
Crypto
Apple
- Apple ($AAPL) may be getting into the 'buy now, pay later' space. (news.yahoo.com)
- Why Apple ($AAPL) should create a premium credit card business. (bloomberg.com)
- Facebook ($FB) is going pay creators to use their products. (nytimes.com)
- While Instagram has become Sky Mall. (debugger.medium.com)
Global
- Three reasons Cuba is in economic crisis today. (noahpinion.substack.com)
- The U.S. is planning to evacuate Afghans who worked with the American military. (cnbc.com)
Housing
- Bidding wars for houses are cooling off. (thebasispoint.com)
- Americans are once again refinaning their mortgages. (cnbc.com)
- Lumber prices are falling but don't expect it to affect home prices. (wsj.com)
- Why the Fed should be done buying MBS. (thereformedbroker.com)
Inflation
- Inflation is still all about reopening. (theovershoot.co)
- Autos are driving a lot of the inflation we see. (axios.com)
- Why you need to break down the inflation report by components. (econbrowser.com)
- On the state of the 'inflation is transitory' narrative. (capitalspectator.com)
Earlier on Abnormal Returns
- Personal finance links: dematerialized money. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: a one-stop index. (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)
