Quote of the Day
"Gambling in the stock market has gone on for centuries and will continue because most people don’t see it as gambling."
(Novel Investor)
Chart of the Day
High dividend stocks have held up relatively well YTD. (chart via @ycharts)
Markets
- "It’s been a terrible year for growth stocks." (morningstar.com)
- The era of V-shaped bottoms is likely past. (theirrelevantinvestor.com)
Strategy
- Good luck managing money based on gut instinct. (ritholtz.com)
- How volatility grounds investors down over time. (theirrelevantinvestor.com)
Shopping
- Shopify ($SHOP) is feeling the pullback in online shopping. (bnnbloomberg.ca)
- Amazon ($AMZN) seems to have overinvested in warehouse space. (theinformation.com)
Streaming
- Amazon's ($AMZN) Freevee is adding more original programming. (techcrunch.com)
- Why Netflix ($NFLX) needs to embrace free ad-supported TV. (variety.com)
- Paramount Plus now has more than 40 million subscribers. (theverge.com)
Fund management
- When, if ever, does rising passive ownership affect the economy and stock market? (pragcap.com)
- Rising rates will make credit research matter again. (economist.com)
Economy
- Initial jobless claims seem to have stopped going down. (bonddad.blogspot.com)
- Five reasons why the Fed is playing catch-up. (fullstackeconomics.com)
Earlier on Abnormal Returns
- Longform links: abandoned beliefs. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: an essential skill. (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)
