Quote of the Day
"Things are far from perfect now (and they always will be) but you could make the case that our version of the roaring 20s is already here."
(Ben Carlson)
Chart of the Day
In case you need more evidence that the car market is crazy at the moment.
Markets
- Where markets stand more than half way through the year. (howardlindzon.com)
- Bitcoin mining is shifting back to the U.S. (cnbc.com)
Finfluencers
- Finfluencers are all over TikTok. (markets.businessinsider.com)
- Don't forget, finfluencers are not fiduciaries. (donnafreedman.com)
Companies
- A Q&A with Dara Khosrowshahi, CEO of Uber ($UBER). (nytimes.com)
- Subscription fatigue is going to kick in at some point for streaming customers. (barrons.com)
Housing
- Capital is flowing into startups looking to streamline the home buying process. (housingwire.com)
- How the newly public Blend Labs ($BLND) powers mortgage lending by banks. (thebasispoint.com)
Venture capital
- Pet-related startups are raising venture capital at a rapid rate. (wired.com)
- Money is pouring into digital brands that sell on platforms like Amazon ($AMZN) and Shopify ($SHOP). (retaildive.com)
Funds
- If the yield on a bond fund looks too good, double check it. (wsj.com)
- A Q&A with Rich Powers of Vanguard Group about the state of the ETF business. (etftrends.com)
The IRS
- Intuit ($INTU) is opting out of the IRS Free File Program. (theverge.com)
- A hobbled IRS means companies are taking more iffy tax credits. (washingtonpost.com)
Policy
- Anti-trust policy has gone in one direction for a long time now. What if that changes? (ritholtz.com)
- The Britney Spears case is prompting lawmakers to revisit laws around conservatorships. (politico.com)
- Why Medicare should cover dental, vision and hearing. (bloomberg.com)
- Why keeping people out of the penal system can reduce crime. (reasonstobecheerful.world)
- Why FEMA denies so many Black Americans' applications for disaster aid. (washingtonpost.com)
- The U.S. public doesn't really understand what the military does. (slate.com)
Economy
- Should you worry about inflation? (nytimes.com)
- Covid case counts are up in every state in the U.S. (wsj.com)
- How the economy will perform post-stimulus is still unknown. (washingtonpost.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: vaccines as fire suppressants. (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)
