Quote of the Day
On Wall Street, “People are more unsettled and ill at ease.”
(Geoff Boisi)
Chart of the Day
The S&P 500 hasn’t traded below its 200 day moving average since May 2020. (via @charliebilello)
Markets
- There's no such thing as a 'normal year' in the stock market. (thereformedbroker.com)
- 2021 markets saw 'identity investing' go into overdrive. (bloomberg.com)
- Corporate insiders stepped up their selling in 2021. (ft.com)
- The self-storage sector has crushed the market in pandemic (wsj.com)
Crypto
- What an allocation to Bitcoin can do for otherwise diversified portfolios. (institutionalinvestor.com)
- Why Bitcoin is a 'negative sum game' for society as a whole. (ft.com)
Finance
- 2021 was a boom year for M&A. (axios.com)
- With a little perspective, it's hard not to notice the changes to working on Wall Street. (bloomberg.com)
- U.S. exchanges are searching for replacements to missing Chinese IPOs. (ft.com)
Restaurants
- Restaurants often face a backlash for implementing Covid policies. (eater.com)
- England's pubs are feeling pandemic whiplash. (nytimes.com)
- Chipotle ($CMG) is testing delivery-only locations. (theverge.com)
- Restaurant hosts are in high demand. (eater.com)
Economy
- How the battle for workers is playing out in Louisville, Kentucky. (wsj.com)
- The key to housing in 2021 is inventory levels. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Check out my conversation with Peter Lazaroff on 'The Long Term Investor' podcast. (peterlazaroff.com)
- Personal finance links: a never ending cycle. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: risk mitigation. (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)
