Quote of the Day
"Why are we so intent on making excuses and finding convoluted paths for wealthy bureaucrats to trade their personal accounts?"
(Ben Hunt)
Markets
- Crude oil has been on quite a run. (sentimentrader.com)
- Traders are rotating into energy stocks. (allstarcharts.com)
Crypto
- Valkyrie Bitcoin Strategy ETF ($BTF) has launched. (etf.com)
- Coinstar is rolling out Bitcoin-enabled kiosks. (coindesk.com)
Big Tech
- Employees are causing Big Tech to live up to their ideals. (wsj.com)
- Apple's ($AAPL) changes to iOS has had a big impact on other tech companies like Snap ($SNAP). (theverge.com)
- Google ($GOOGL) takes a big cut of revenue in its advertising ecosystem. (wsj.com)
Venture capital
- Corporate VCs are not out there just buying potential M&A targets. (institutionalinvestor.com)
- Venture capital has shifted from EV makers, like Rivian, to supporting companies. (news.crunchbase.com)
- How NerdWallet came to the cusp of an IPO. (businessofbusiness.com)
- Reversing the flow: VCs are becoming founders. (news.crunchbase.com)
Restaurants
- What the restaurant of the future will look like. (eater.com)
- Plant-based options are showing up in new and novel places. (axios.com)
- In-N-Out Burger was always overrated. (sfchronicle.com)
- A restaurant is a bundle of features. (thewaiterspad.com)
Economy
- Inflation is better than the alternative. (tker.co)
- How the Covid recession differs from the Great Recession. (stayathomemacro.substack.com)
- Home price growth is decelerating. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Podcast links: going electric. (abnormalreturns.com)
- On the benefits of writing in public. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: in front of you right now. (abnormalreturns.com)
- A Q&A with Robin Powell, co-author of "Invest Your Way to Financial Freedom." (abnormalreturns.com)
- Abnormal Returns recently celebrated its 16th blogiversary, not that it is a thing anymore... (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)
