Quote of the Day
"Many men with sound ideas, and whose ventures have proved ultimately the correctness of their views, have, by the one fault of over trading, become paupers, when, with business methods, they might have become millionaires."
(Thomas Gibson)
Markets
- 30-year mortgage rates have ticked above 3.0% per Freddie Mac. (housingwire.com)
- Per this model, the 10-year Treasury is trading 50 bp rich. (capitalspectator.com)
- On the market impact of a plunge in consumer confidence. (sentimentrader.com)
Companies
- The features in Twitter ($TWTR) Blue should be free. (theverge.com)
- How Chewy.com ($CHWY) succeeded where others failed prior. (businessofbusiness.com)
- Grammarly was recently valued at $13 billion. (techcrunch.com)
Finance
- CME's ($CME) plan to move into the cloud could strand some technology investments. (wsj.com)
- Crypto platform Gemini just raised $400 million at a $7.1 billion valuation. (forbes.com)
Boeing
- The Boeing ($BA) 737-Max had flaws that led to two major crashes, but the company blamed the pilots. (bloomberg.com)
- Like it or not, you will likely fly on a Boeing ($BA) 737-Max in the future. (wapo.st)
Entertainment
- What if HBO had bought Netflix ($NFLX)? (vox.com)
- Hulu is getting into the merch business this holiday season. (techcrunch.com)
Zillow
- What went wrong at Zillow's ($Z) iBuying program. (wsj.com)
- Technology has to be a lot better, to upend certain localized businesses. (spilledcoffee.substack.com)
Economy
- Weekly initial unemployment claims are their lowest level since the onset of the pandemic. (bonddad.blogspot.com)
- 2021 is not the first time the economy saw a burst of post-pandemic inflation. (thereformedbroker.com)
- The quit rate, and wage gains, are focused in the lower wage sector. (bloomberg.com)
- Three things that could put a dent in the housing market including 'higher mortgage rates.' (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Longform links: a self-fulfilling prophecy. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: being self-aware. (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)
