Quote of the Day
"You never can predict the economy. You can’t predict the stock market."
(Peter Lynch)
Markets
- How would ARK Innovation ($ARKK) done if it could have closed to new investors? (wsj.com)
- What's driving value vs. growth these days? (allstarcharts.com)
Strategy
- Ben Carlson, "So while the Fed has been a big player in the markets since 2008 it would be silly to assume they are the only reason for the upward trajectory of stocks." (awealthofcommonsense.com)
- William Bernstein, "A suboptimal portfolio you can execute is better than an optimal one you can’t." (humbledollar.com)
- Michael Batnick, "There’s too much money chasing too few deals in private markets, and I’m not sure an interest rate hike or two will change that." (theirrelevantinvestor.com)
Finance
- JP Morgan Chase ($JPM) is spending big on technology. (ft.com)
- The LSE is proposing a special listing status for still private companies. (wsj.com)
- Requiring more disclosure will cause companies to go public earlier. (luxcapital.com)
Trading bans
- Momentum is building for banning lawmakers from buying individual stocks. (axios.com)
- Why a trading ban on Congress needs to extend to family members as well. (bloomberg.com)
Society
- How much of growing wealth inequality is due to the rise of technology? (nytimes.com)
- Policing policies matter. So does who becomes a police officer. (ft.com)
- More gun sales lead to more gun crime. (theatlantic.com)
- College enrollment continues to fall. (npr.org)
Economy
- Why 2022 is different than 2020. (tker.co)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: two years of knowledge. (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)
