Quote of the Day
"The attitude of investors and traders is night and day versus a year ago."
(Joshua Brown)
Chart of the Day

All the factors working against lower wheat prices. (chart via @ycharts)
Markets
- Ben Carlson, "When you invest in the stock market you don’t simply get 8-10% year in and year out." (awealthofcommonsense.com)
- 2022 has not gone according to plan for diversified investors. (tonyisola.com)
- Sentiment is getting pretty bearish. (ritholtz.com)
Strategy
- Is innovation really investable? (bpsandpieces.com)
- Where the value-growth debate stands at present. (blog.validea.com)
Fund management
- The carbon markets are becoming increasingly financialized. (morningstar.com)
- Although small, broad indices do have exposure to commodities. (humbledollar.com)
Venture capital
- Tiger Global is feeling the pain in 2022. (finance.yahoo.com)
- Will this downturn change investors' minds about venture capital? (ft.com)
- Product market fit depends in part on the funding environment. (tomtunguz.com)
- Stressed startups are turning to layoffs to preserve runway. (axios.com)
Economy
- You can see how pandemic era thinking has faded in consumer spending data. (wsj.com)
- How big an impact have supply constraints had on the U.S. economy? (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: an essential skill. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: torturing the data. (abnormalreturns.com)
- There are plenty of investments you can put into your 'too hard pile.' (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)