Quote of the Day
"Of all the things that you should do during a melt-up, the most important is to get invested. Do not sit in cash. Why? Because even if the market does eventually return to its prior levels, sitting in cash will destroy you psychologically."
(Nick Maggiulli)
Inflation
- Inflation momentum may have peaked. (capitalspectator.com)
- Inflation breakevens are trading in a range. (econbrowser.com)
Crypto
- Crypto exchanges are still making big profits. (ft.com)
- MicroStrategy ($MSTR) keeps buying more Bitcoin. (theblockcrypto.com)
Companies
- Fanatics is romping through the world of sports including trading cards. (wsj.com)
- Walmart ($WMT) is launching a delivery service for third parties. (cnbc.com)
- There is still no sign that supply disruptions are abating. (axios.com)
Finance
- What's next for Bloomberg's index business? (barrons.com)
- A lot of hedge funds have stopped taking on new capital. (bloomberg.com)
- Big banks like Bank of America ($BAC) are losing their standing among younger generations. (forbes.com)
- The unvaccinated are going to have it rough on Wall Street. (nypost.com)
Startups
- Startup valuation just keep on going up. (institutionalinvestor.com)
- As VC changes, so has the nature of 'inside rounds' as well. (hunterwalk.com)
- How startups are thinking about office space. (avc.com)
- Elizabeth Holmes didn't do other female entrepreneurs any favors. (nytimes.com)
Global
- The world's perception of China's business environment has changed. (ritholtz.com)
- Global shipping constraints aren't going anywhere. (ft.com)
Housing
- First-time home buyers are struggling and it's not just rising prices. (bloomberg.com)
- More signs that we have passed peak home price increases. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: experiential judgment. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a different attitude. (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)
