Quote of the Day
"We may be witnessing the beginning of the end of global trust in the London Metal Exchange, and I honestly don’t know what the downstream impacts of that will be."
(HNS)
Chart of the Day

Commodities have done a lot of catching up to gold. (chart via @ycharts)
Markets
- The growth stock boom was so big, it's not clear where the bottom will be. (behavioralvalueinvestor.com)
- Why you need to preserve your mental capital in down markets. (humbledollar.com)
Funds
- The ETF price war shows no sign of slowing. (ft.com)
- WisdomTree ($WETF) has an activist investor. (ft.com)
Venture
- VC funds are increasingly not capping fund sizes. (wsj.com)
- Venture debt is growing more popular. (protocol.com)
- What makes up a startup's culture? (review.firstround.com)
Russia
- Young professionals are fleeing Russia. (nytimes.com)
- How the war in Ukraine united most Western companies. (wsj.com)
- How some Russians are getting around restrictions to read the real news. (washingtonpost.com)
- Putin has been wreaking havoc on British soil for years. (buzzfeednews.com)
- What the lessons of the Russo-Finnish War can teach us about Ukraine. (bloomberg.com)
Policy
- Why America can't build stuff any more. (fullstackeconomics.com)
- Is there a solution to shrinking middle class job opportunities? (econofact.org)
- The state of Maryland has taken a step against credentialism. (marginalrevolution.com)
- The federal government has funded a DARPA for health. (science.org)
- A federal baby bonds program remains far away. (bloomberg.com)
- A previous attempt at permanent DST was a failure. (npr.org)
Economy
- Americans are traveling again. (tker.co)
- The LA ports are still booming. (calculatedriskblog.com)
- 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: fueling a backlash. (abnormalreturns.com)
- Words matter. (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)