Quote of the Day
"You can blow it 50 straight times but come back to crush 51 and boom just like that your whole life narrative flips. Believe it."
(Phil Pearlman)
Chart of the Day
The fall in in Treasury yields has hurt investors betting on reflation. (chart via @ycharts)
Fund management
- How Cathie Wood of ARK Invest became the face of the current bull market. (wsj.com)
- Seven reasons why people still invest in actively managed funds. (humbledollar.com)
Crypto
Companies
- More companies are delaying a return to the office. (axios.com)
- And tearing up plans for the Fall. (wsj.com)
- The return to the office is going to weird, especially for the unvaccinated. (nytimes.com)
Autos
- What it would take to get to 50% EV sales by 2030. (wsj.com)
- EV laggards, like Toyota ($TM), are now on notice with new fleet goals. (nytimes.com)
- Americans have been snapping up hybrid vehicles the past few years. (washingtonpost.com)
Policy
- The infrastructure bill is a recognition that climate change is adversely affecting the country's infrastructure. (nytimes.com)
- Just in time manufacturing doesn't work if the transportation infrastructure is broken. (bloomberg.com)
- The USCIS is woefully behind in processing green card applications. (wsj.com)
- Why immigrants are more likely to become entrepreneurs. (hbr.org)
The Fed
- Why politicians love to take pot shots at the Fed. (pragcap.com)
- Why Chairman Powell is likely to be reappointed. (nytimes.com)
Economy
- The labor force participation rate had been trending lower even before pandemic. What happens next? (bloomberg.com)
- Average hourly earnings continue to rise. (econbrowser.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: a long war. (abnormalreturns.com)
- The big social media platforms change over time. So should your approach to them. (abnormalreturns.com)
- It has been a disappointing year for goldbugs. (abnormalreturns.com)
- August ESG links: diverse perspectives. (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)
