Quote of the Day
"The bottom line is, don’t be shocked if we continue to see some high inflation readings through 2021 and into early 2022. But relief is coming. It’s just going to take some time."
(Cullen Roche)
Markets
- Alibaba ($BABA) has lost $344 billion in market capitalization over the past year. (finance.yahoo.com)
- Market breadth has finally broken out. (sentimentrader.com)
Strategy
- There is no uniform relationship between inflation and the stock market. (awealthofcommonsense.com)
- Why diversification feels bad this year. (humbledollar.com)
Crypto
- Mastercard ($MA) has partnered with crypto exchange Bakkt ($BKKT) to broaden the cryptocurrency services it offers to partners. (theblockcrypto.com)
- How much will the futures roll cost fund holders? (wsj.com)
Tesla-Hertz
- Hertz ($HTZ) is buying a fleet of Teslas ($TSLA). (npr.org)
- Of course it was Hertz ($HTZ) to make such a deal. (ft.com)
- A Hertz-Tesla deal will help normalize EVs. (bloomberg.com)
- Younger users have been moving away from Facebook ($FB). (bloomberg.com)
- Eight things learned from the Facebook ($FB) Papers. (theverge.com)
Venture
- Fred Wilson, ”The words I would use to describe the current environment in early-stage VC are “fast and furious.” (avc.com)
- It's not all hype, there really is a surge in Florida VC activity. (news.crunchbase.com)
- How goes the SoftBank Opportunity Fund? (protocol.com)
Finance
- What it would take to move to T+1 clearing in the stock market. (marketwatch.com)
- It's not just ETFs that are putting pressure on mutual funds. (morningstar.com)
Economy
- Stop saying hyperinflation when you mean inflation. (pragcap.com)
- The economy slowed in Q3, but not that much. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: well positioned for the future. (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)
