Quote of the Day
"Cryptocurrencies, regardless of where they’re trading today, will eventually prove to be worthless. Once the exuberance wears off, or liquidity dries up, they will go to zero. I wouldn’t recommend anyone invest in cryptocurrencies."
(John Paulson)
Markets
- Behold the latest meme stock, Support.com ($SPRT). (crossingwallstreet.com)
- PayPal ($PYPL) could be getting into the stock trading space. (cnbc.com)
Crypto
- Brands are now openly experimenting with NFTs. (notboring.co)
- The crypto trading space is getting de-levered. (coindesk.com)
Space
- Why Big Tech is increasingly focused on space. (mondaynote.com)
- Liquid oxygen shortages are going to curtail space launches. (bnnbloomberg.ca)
IPOs
- The companies that have gone the direct listing route have been, on average, higher quality. (wsj.com)
- Rivian's IPO is going to be a big deal. (axios.com)
Fund raising
- SoftBank’s second Vision Fund led a $200m investment in Whoop, a wearable fitness startup. (ft.com)
- Startup Laronde is focusing on eRNA. (biopharmadive.com)
Supply chains
- Why global supply shocks have not yet resolved themselves. (nytimes.com)
- Delayed cargo ships, mean more stuff is getting loaded onto planes. (wsj.com)
Housing
- Why the starter home is disappearing. (awealthofcommonsense.com)
- Buyers moving to Florida are not concerned about climate change. (housingwire.com)
- Why the exurbs are booming. (wsj.com)
Economy
- The Delta variant is having an impact on the economy. (econbrowser.com)
- The U.S. consumer is still in pretty good shape. (bonddad.blogspot.com)
- The link between economic output and population has gotten severed. (bloomberg.com)
Earlier on Abnormal Returns
- Adviser links: hiring outsiders. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was reading 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)
