Quote of the Day
"Inflation moves faster than our mind is sometimes willing to adapt."
(Julia Carpenter)
Chart of the Day
Housing stocks don’t like rising mortgage rates. (chart via @ycharts)
Crypto
- Blackrock ($BLK) and Fidelity have invested in USDC issuer Circle. (techcrunch.com)
- Why many web3 advocates are betting on Solana. (fortune.com)
Global
- Russian tech workers are fleeing the country. (nytimes.com)
- The Reserve Bank of New Zealand hike benchmark rates by 50 bp. (ft.com)
Economy
- Where will inflation eventually settle? (bloomberg.com)
- Core CPI is not accelerating. (morningstar.com)
- How could mortgage rates get? (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Personal finance links: funding your goals. (abnormalreturns.com)
- My Q&A with Nick Maggiulli about his newly published book "Just Keep Buying: Proven ways to save money and build your wealth." (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: a coin toss. (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)
