Quote of the Day
"The price you pay for something tends to matter. It just doesn’t matter within a set or predictable timeframe. It could matter overnight, take months to matter, or even years. No one knows."
(Charlie Bilello)
Markets
- There is no such thing as a 'normal' market environment. (awealthofcommonsense.com)
- It's hard to be bearish when the biggest companies in the world are crushing earnings. (theirrelevantinvestor.com)
Companies
- Starbucks ($SBUX) is the new GE ($GE): a source of executive talent. (bloomberg.com)
- Netflix ($NFLX) is going to have to invest big to be a player in gaming. (bloomberg.com)
Big Tech
- Big Tech is growing into their valuations. (thereformedbroker.com)
- Apple ($AAPL), Microsoft ($MSFT) and Alphabet ($GOOGL) generated $57 billion in earnings last quarter. (ft.com)
- Even Apple ($AAPL) is feeling the chip crunch. (wsj.com)
- Google ($GOOGL) is joining other companies by pushing back office reopening and mandating vaccinations. (nytimes.com)
China
- Why you are unlikely to see any new Chinese listed stocks in the U.S. (institutionalinvestor.com)
- VIEs were always a risky proposition for investors. (ft.com)
- Are index provider going to backtrack on the inclusion of China? (mrzepczynski.blogspot.com)
- Free speech is dead in Hong Kong. (theatlantic.com)
Delta variant
- The Delta variant has zoomed to the top of economists' fears. (ritholtz.com)
- How the Delta variant could affect the U.S. economy. (nytimes.com)
- Big Tech is warning that the Delta variant could put a damper on business. (washingtonpost.com)
Economy
- Consumers say that jobs haven't bee this plentiful in two decades. (axios.com)
- House price growth will slow when inventories increase. (calculatedriskblog.com)
- Businesses are spending like mad on capital goods. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: throwing darts. (abnormalreturns.com)
- Investing, everywhere and always, has always been a social activity. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: unlocking knowledge. (abnormalreturns.com)
- Two charts with lines going down: updates on prior posts. (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)
