Quote of the Day
"Being authentic is hard. Social doesn’t reward it with engagement."
(Om Malik)
Chart of the Day
How rising interest rates are affecting REITs and home builders. (chart via @ycharts)
Markets
- A look at how the stock market has historically reacted to the start of Fed rate hikes. (compoundadvisors.com)
- Checking in on the magazine cover indicator. (allstarcharts.com)
- The markets process information far faster than you can. (fortunesandfrictions.com)
- Markets thrive on uncertainty. (ritholtz.com)
Companies
- What will Peloton ($PTON) look like on the other side of today's issues? (wired.com)
- Zillow ($Z) still has more houses to off-load. (wsj.com)
Finance
- What the SEC is proposing for new PE regulations. (institutionalinvestor.com)
- Is the new financial system, with banks being less central, more stable? (economist.com)
Venture
- A big profile of Roelof Botha of Sequoia Capital. (protocol.com)
- Softbank is once again in turmoil. (nytimes.com)
- A Q&A with the founders of The Athletic on their sale to the New York Times ($NYT). (cnbc.com)
Economy
- The yield curve is flattening. (pragcap.com)
- What 4% mortgage rates mean for the housing market. (calculatedrisk.substack.com)
- Why "boomflation," a combination of fast growth and hot inflation, is preferable to a premature recession. (bloomberg.com)
- Why economists got inflation wrong. (fullstackeconomics.com)
Earlier on Abnormal Returns
- Podcast links: the economics of immigration.q (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: capturing value. (abnormalreturns.com)
- The upside of creating something everyday. (abnormalreturns.com)
- What we can from Mackenzie Scott about donating money with intention. (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
- How ubiquitous gambling will change our relationship with sports. (bloomberg.com)
- The U.S. is expanding sports gambling while Europe is pulling back. (huddleup.substack.com)
- Widespread sports gambling is normalizing it for younger generations. (axios.com)
- Betting on a game takes you of the flow. (theatlantic.com)
