Quote of the Day
"Every market cycle produces behavioral extremes at the peak and trough that manifest in stock prices. This time is no different."
(Novel Investor)
Markets
- Why lumber prices are headed back toward their 2021 peak. (axios.com)
- Financials and energy are enjoying higher interest rates. (allstarcharts.com)
Strategy
- Why you can't rely on any single market indicator. (awealthofcommonsense.com)
- Does experience really help in investing? (theirrelevantinvestor.com)
a16z
- Andreessen Horowitz just closed $9 billion in new capital for its venture capital, growth-stage and biotech-focused vehicles. (techcrunch.com)
- Andreessen Horowitz is expected to invest in Katie Haun's new crypto-focused funds. (ft.com)
IPOs
- The case against SPACs. (morningstar.com)
- In 2021, 32% of all US IPOs were from companies with dual share classes. (ft.com)
- Three biotech IPOs gone done today. (biopharmadive.com)
Sports
- Arctos Sports Partners is spending on stakes in sports franchises at a rapid clip. (ft.com)
- Online sports betting goes live tomorrow in New York. (espn.com)
Apartments
- Apartment occupancy in the U.S. is at an all-time high. (bloomberg.com)
- Which is why new apartment leases are coming in hot. (calculatedrisk.substack.com)
Economy
- The December NFP showed a 3.9% unemployment rate. (calculatedriskblog.com)
- More signs that the job market is tight. (bonddad.blogspot.com)
- How the Fed plans to thread the needle. (thereformedbroker.com)
Earlier on Abnormal Returns
- Podcast links: algorithmic ads. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Longform links: being curious. (abnormalreturns.com)
- The year investors changed their minds on gold. (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)
