Quote of the Day
"The index statistics haven’t yet caught up with the reality of the internals – the market of stocks looks and feels way worse than the stock market."
(Joshua Brown)
Chart of the Day
The story of the stock market over the past two years in one chart.
Markets
- The volatility of everything is spiking. (sentimentrader.com)
- Investor sentiment is getting pretty bearish. (allstarcharts.com)
- How index providers are reacting to the shuttering of the Russian stock market. (morningstar.com)
Commodities
- The story of commodities is one of boom and bust. (awealthofcommonsense.com)
- Just assume every commodity market is in turmoil at present. (ft.com)
- "This is turning into world war in commodities." (mrzepczynski.blogspot.com)
- How higher oil prices could spur demand destruction. (gregor.substack.com)
Global
- The exodus from Hong Kong is on. (bloomberg.com)
- The Turkish economy was struggling even before the invasion of Ukraine. (mailchi.mp)
Economy
- Companies are taking action against Russia that are not required by law. (stratechery.com)
- We may be scratching the surface on the turmoil Russia sanctions may have. (washingtonpost.com)
- Sanctions, even once removed, can have long-lasting effects. (economist.com)
Earlier on Abnormal Returns
- Adviser links: humility and openness. (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)
Mixed media
- An excerpt from Mary Child's new book "The Bond King: How One Man Made a Market, Built an Empire, and Lost It All." (bloomberg.com)
- Five insights from John List's new book "The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale." (nextbigideaclub.com)
- A nice review for "Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever" by Robin Wigglesworth. (blogs.cfainstitute.org)
