Quote of the Day
"Easy money is dead, the firehose is drying up and that goes for both startups and VCs alike when raising money. Venture capitalists have moved the goalposts."
(Biz Carson)
Markets
- A simple explanation for why stocks are struggling. (ritholtz.com)
- Have tech stocks corrected enough already? (morningstar.com)
- Bear markets can bring out the worst of people. (allstarcharts.com)
Strategy
- A bear market survival guide including 'I try to avoid taking the market personally.' (awealthofcommonsense.com)
- Investing in the stock market, means signing up for drawdowns. (tker.co)
- Another look at the 'four horsemen of the investor apocalypse.' (humbledollar.com)
Crypto
- What kind of financial asset is Bitcoin? (noahpinion.substack.com)
- Sam Bankman-Fried has become the face of the crypto industry. (nytimes.com)
Companies
- Elon Musk is angling for a better deal for Twitter ($TWTR). (om.co)
- Netflix ($NFLX) is considering livestreaming. (theverge.com)
Travel
- Flights are getting more expensive. (axios.com)
- Everything about summer travel is getting more expensive. (axios.com)
Global
- Saudi Aramco made $39.5 billion in Q1. (bbc.com)
- Global supply chains are reordering themselves. (wsj.com)
- Africa's demographic transition will be a crucial story for the 21st century. (adamtooze.substack.com)
- Not everyone is eager to crack down on Russian oligarchs. (nytimes.com)
Policy
- Everybody, but Congress, wants more skilled immigration. (axios.com)
- The lack of child care is holding back women from returning to the work force. (nytimes.com)
- The meatpacking industry worked hard to push back against pandemic health restrictions. (modernfarmer.com)
- Why the SEC should leave the issue of climate to the markets. (rogerlowenstein.substack.com)
- Why it's so easy for a handful of activists to hold back development. (theatlantic.com)
- C-SPAN is getting squeezed by the secular decline in cable subscribers. (politico.com)
Economy
- Nine reasons the U.S. economy is in trouble including 'A recession is coming for Europe.' (theatlantic.com)
- Why it's unlikely the Fed can bring down inflation without tanking the economy. (wsj.com)
- Three scenarios for who housing prices may evolve. (calculatedrisk.substack.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)
- Podcast links: marketplace investing. (abnormalreturns.com)
- If YOU are the product, how do you ever take a break? (abnormalreturns.com)
- Two thoughts on nostalgia. (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)
