Quote of the Day
"The stock market is largely driven by expectations for the future. Unexpected challenges will trigger volatility. But if certain challenges ahead are expected, then confirmation of those challenges shouldn’t be that big of a deal."
(Sam Ro)
Chart of the Day
Why owning the market’s biggest names was important in 2021.
Markets
- What does it mean if the market's biggest stocks outperform? (ritholtz.com)
- Corporate profit margins rose dramatically in Europe in 2021. (bloomberg.com)
- Mortgage rates have ticked higher. (housingwire.com)
Crypto
- Why Ethereum is up so much in 2021. (avc.com)
- Prominent crypto VC, Katie Haun is leaving Andreessen Horowitz to form her own firm. (blockworks.co)
IPOs
- Reddit has filed to go public. (techcrunch.com)
- Waste and recycling platform Rubicon Technologies LLC is going public via a SPAC merger. (wsj.com)
- Footprint, a company known for its plant-based packaging, is going public via a SPAC merger. (cnbc.com)
Finance
- StockTwits raised new capital at a $210 million valuation. (bloomberg.com)
- How Blackstone Group ($BX) had a smooth executive transition. (institutionalinvestor.com)
- H&R Block ($HRB) is suing Block ($SQ) over its name change. (wsj.com)
Funds
- The most compelling new ETFs of 2021 including the Roundhill Ball Metaverse ETF ($META). (etfdb.com)
- Neuberger Berman is entering the ETF market. (pionline.com)
- How China dominates discussions around emerging market indices. (institutionalinvestor.com)
Economy
- Why it's time for the Fed to normalize policy. (thereformedbroker.com)
- Weekly initial unemployment claims are near multi-decade lows. (bonddad.blogspot.com)
- New household formation is helping drive housing demand. (calculatedrisk.substack.com)
- There are currently nearly 1.5 million housing units under construction. (theirrelevantinvestor.com)
Earlier on Abnormal Returns
- Longform links: tools left in the box. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a simpler life. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
Mixed media
- Bruce Springsteen just sold his masters and publishing rights to Sony ($SNE) for $500 million. (rollingstone.com)
- Divya Narendra talks with Vinovest CEO Anthony Zhang. (youtube.com)
- Why the art market is so vulnerable to disruption. (freakonomics.com)
- The year in fractional asset ownership. (alts.co)
