Quote of the Day
"It’s normal. You shouldn’t expect 9% growth forever..."
(Michael Feroli)
Markets
- The Presidential election cycle has peaked. (crossingwallstreet.com)
- The Covid recession lasted two months, per the NBER. (wsj.com)
Muni bonds
- New Jersey bonds have outperformed. (bloomberg.com)
- Muni bonds have surged in 2021 due to fears over tax rates. (wsj.com)
Crypto
- Grayscale is launching a fund focused on DeFi tokens. (coindesk.com)
- Bank of America ($BAC) is warming to Bitcoin. (axios.com)
Companies
- Zoom ($ZOOM) is buying Five9. (fortune.com)
- The plans for Intel ($INTC) 2.0. (mondaynote.com)
- Which malls are thriving post-pandemic. (axios.com)
- 10 years of Snapchat. ($SNAP). (visualcapitalist.com)
Venture capital
- 2021 is minting unicorns at a record rate. (news.crunchbase.com)
- How the whole fundraising process changed during pandemic. (avc.com)
- Two and a half mistakes angel investors need to avoid including "sin of ego.' (hunterwalk.com)
- A whole ecosystem has been built up around creators. (newyorker.com)
Finance
- Banks are closing or transforming branches. (axios.com)
- Bill Ackman's big swing at UMG is a no-go. (bloomberg.com)
Housing
- Price uncertainty makes bidding out construction projects tough. (wsj.com)
- Homebuilder confidence in June is still at near-record levels. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: a realistic stress test. (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
- Lessons learned from "Lights Out - Pride, Delusion and the Fall of General Electric" by Ted Mann and Thomas Gryta. (mastersinvest.com)
- Some books Wall Street interns should read including "The Big Short" by Michael Lewis. (wallstreetreadinglist.com)
- Why aren't there more iconic books (and movies) about the Dotcom era? (joshelman.medium.com)
