Quote of the Day
"I’m a fan of letting the crowd be the ultimate arbiter of value in public markets, but not in crypto. A market-cap-weighted approach a la the S&P 500 just doesn’t work for several reasons."
(Michael Batnick)
Markets
- Why has Apple ($AAPL) options volume surged? (ft.com)
- The market's hottest stocks are now getting crushed. (bloomberg.com)
- Homebuilder stocks are breaking out. (allstarcharts.com)
Strategy
- Picking winners is harder than avoiding losers. (awealthofcommonsense.com)
- Beware the fee grab with anything with 'inflation' in the name. (wsj.com)
A new crypto solution
- WisdomTree ($WETF) and Ritholtz Wealth Management have teamed up to build the RWM WisdomTree Crypto Index to give retail investors easier access to crypto investments. (coindesk.com)
- It takes a team to bring an effective crypto solution. (thereformedbroker.com)
- What to look for in a crypto SMA solution. (ritholtz.com)
- Why straight-up indexing doesn't make sense in crypto. (theirrelevantinvestor.com)
Companies
- Why the FTC move to block the Nvidia ($NVDA) deal for Arm Holdings matters. (fastcompany.com)
- What's behind the surge in tech companies renaming themselves? (protocol.com)
- Google ($GOOGL) is pushing back its return to the office. (engadget.com)
Fund management
- As year-end approaches more mutual funds are announcing big capital gains distributions. (ft.com)
- Despite growing competition, the ETF oligopoly is doing just fine. (citywireusa.com)
- Managing the world's largest sovereign wealth fund is no walk in the park. (economist.com)
China
- Didi Global is delisting from the NYSE. (wsj.com)
- The trend of disengaging from U.S. markets is now clear. (nytimes.com)
- Don't expect to see any more Chinese companies IPO in the U.S. (economist.com)
Global
- Foreigner are investing more in Indian bonds. (economist.com)
- Canadians also are headed back to work. (bnnbloomberg.ca)
Economy
- The November NFP report showed a 4.2% unemployment rate. (calculatedriskblog.com)
- Rents are going to keep upward pressure on inflation. (calculatedrisk.substack.com)
- The rhetoric around inflation is not in good faith. (washingtonpost.com)
Earlier on Abnormal Returns
- Podcast links: the new world of work. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: filled channels. (abnormalreturns.com)
- December ESG links: emissions incentives. (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)
