Quote of the Day
"China is an outlier from the rest of the EM market. It is an outlier with other developed markets, yet it cannot be ignored. Every investor must have a China opinion. Every investor must now think about EM investing with and without China."
(Mark Rzepczynski)
Chart of the Day

A look at the performance of the Grayscale Bitcoin Trust ($GBTC) since launch.
Markets
- A lot of the market's high fliers have already pulled back. (compoundadvisors.com)
- Tesla's ($TSLA) options volume is a huge outlier. (ft.com)
- The stock market has historically loved Thanksgiving. (sentimentrader.com)
- The 'overnight effect' is waning. (priceactionlab.com)
Strategy
- Why this market era will look like in the rearview mirror. (thereformedbroker.com)
- It's hard to get around the idea that the market is overvalued. (ofdollarsanddata.com)
Crypto
- There's no reason to believe that Bitcoin is an inflation hedge. (morningstar.com)
- Why crypto transactions have so many decimal places. (bloomberg.com)
EVs
- ICE powered vehicles aren't going away any time soon, but the trend toward EVs is clear. (npr.org)
- Pickup trucks are the vehicle of choice for American men. Will they make the leap to EVs? (theatlantic.com)
- The Ford ($F) F-150 Lightning will soon be able to charge other vehicles. (thedrive.com)
Finance
- American Express ($AXP) went over the line in pitching a strategy to small businesses. (wsj.com)
- During the past two years more women have begun investing in the stock market. (fortune.com)
Economy
- The goods sector is driving inflation, not services. (ritholtz.com)
- Why home price gains are set to decelerate. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Research links: an undesirable risk profile. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a sound strategy. (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
- Remote work is a bad way to start off a career. (nytimes.com)
- How do you take time off if you work from home? (theatlantic.com)
- More companies are experimenting with four-day workweeks or their equivalent. (nytimes.com)
- How our system of work resists rest and recovery. (annehelen.substack.com)
- Every career goes through seasons. (iwillteachyoutoberich.com)