Quote of the Day
"We humans tend to over-exaggerate the impact of our own personal experiences and minimize the reality of those from history."
(Jack Raines)
Chart of the Day
Even before the invasion of Ukraine, Russian equities had badly underperformed.
Markets
- There are all sorts of knock-on effects in markets from Russian sanctions. (crossingwallstreet.com)
- The rise in bond spreads is notable. (athrasher.com)
Funds
- How do ETFs operate when a market is closed? (etftrends.com)
- Why index providers are considering removing Russian stocks. (ritholtz.com)
Finance
- Toronto-Dominion is buying First Horizon ($FHN) (bnnbloomberg.ca)
- Citigroup ($C) is likely stuck with its Russian consumer bank which it has been trying to sell. (wsj.com)
Economy
- More federal workers are headed back to the office. (axios.com)
- Pension funds haven't had to deal with high inflation for quite a while now. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: ESG angst. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
