Quote of the Day
"Once the initial, unbridled optimism has cooled a bit, then we will be able to take stock of how Cryptoland will actually change society."
(Nick Maggiulli)
Markets
- Investors are back in risk-on mode. (sentimentrader.com)
- Cannabis stocks in the U.S. have had a miserable eight months. (linkedin.com)
- It's not just U.S. rates that are rising. (mrzepczynski.blogspot.com)
Strategy
- Battleground stocks are that for a reason. (theirrelevantinvestor.com)
- Why you should bet on the most direct outcome avoiding 2nd and 3rd order effects. (awealthofcommonsense.com)
- For investors, noise is only increasing. (safalniveshak.com)
Zillow
- Zillow ($Z) is getting out of iBuying and taking a big loss. (cnbc.com)
- What went wrong at Zillow ($Z). (thereformedbroker.com)
- Was Zillow Offers always doomed? (stratechery.com)
- Can OpenDoor ($OPEN) avoid Zillow's fate? (thebasispoint.com)
- The wind down of Zillow Offers won't make a big dent in the housing market. (calculatedrisk.substack.com)
Business
- Covid accelerated re-shoring production and the shipping crisis is only accelerating plans. (wsj.com)
- Don't underestimate the ability of American business to pivot as they did during pandemic. (tker.co)
- Apple's ($AAPL) revenue was up 33% from 2020. (sixcolors.com)
Finance
- Lemonade Inc. ($LMND) is getting into the auto insurance business. (wsj.com)
- How DeFi could affect traditional financial firms. (caia.org)
- Which countries have the most per-capital startup funding. (news.crunchbase.com)
Great Resignation
- The employment economy is a big game of musical chairs. (nytimes.com)
- The 'Great Resignation' kind of misses the point. (wired.com)
- If bosses want people back in the office they are going to have to up the ante. (wsj.com)
- The 'Great Resignation' means different things to different people. (nytimes.com)
- A big chunk of grocery workers are set to quit. (axios.com)
- Why salary negotiations are more difficult in pandemic. (wsj.com)
Economy
- When it comes to the economy, the 1970s are not like the 2020s. (ritholtz.com)
- After all that drama, lumber price are up 6% year-over-year. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: never enough money. (abnormalreturns.com)
- Research links: mislabeled funds. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: confronting reality. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
Mixed media
- Patagonia is boycotting Facebook ($FB) and urging others to join in. (wsj.com)
- Architects are looking to bring the outdoors, inside. (ft.com)
- Don't kid yourself the media industry is still pretty much in the same place as always. (defector.com)
- Brand logos are becoming more abstract. (bloomberg.com)
