Quote of the Day
"The last two years have reminded us that that no matter how much we minimize risk, we can't plan for everything."
(Allison Schrager)
Chart of the Day

U.S. consumer sentiment is worse than it was during the height of the pandemic.
Crypto
- Ukraine has launched a crypto donations website with the help of crypto exchange FTX. (theblockcrypto.com)
- The growth in crypto trading volume is stunning. (marketwatch.com)
The Fed
- How the Fed's plans to tighten policy got upended. (ritholtz.com)
- Oil prices have made the Fed's job a lot harder. (econbrowser.com)
Inflation
- A stretched supply chain is now getting hit with new stresses due to the war in Ukraine. (nytimes.com)
- Higher fertilizer prices affect everyone. (mrzepczynski.blogspot.com)
- Add diesel fuel to the list of problems. (bloomberg.com)
- Consumers are reckoning with (much) higher energy prices. (wsj.com)
Recession
- Cullen Roche, "Two indications that are worrisome are energy price surges and the flattening yield curve. And both are pointing to a high probability of a recession." (pragcap.com)
- Recessions provide stocks a chance to reset. (awealthofcommonsense.com)
- Why a recession is on the table for 2022. (fullstackeconomics.com)
Earlier on Abnormal Returns
- Adviser links: the best work. (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)