Quote of the Day
"Trading and investing are fundamentally different activities (pun intended). Many trading psychology challenges occur when market participants fail to respect the differences between the two."
(Brett Steenbarger)
Interest rates
Markets
- If the U.S. economy avoids recessions, many investors are going to be wrong-footed. (ft.com)
- Corporate insiders have stepped their buying of stock. (on.ft.com)
Strategy
- Every bear market comes with sharp rallies. (ofdollarsanddata.com)
- The downside of following the stock market on a daily basis. (rationalwalk.com)
- 25 examples when the markets were not all that efficient. (youngmoney.co)
- How the AEA, i.e. economists, invest their money. (conversableeconomist.com)
Crypto
- How to make the most of your crypto losses come tax time. (washingtonpost.com)
- Fidelity continues to hire in its cryptocurrency business. (wsj.com)
- The crypto bear market could set off a wave of merger activity. (cnbc.com)
Companies
- Jack Welch's legacy at GE ($GE) looks a lot worse in perspective. (axios.com)
- Dollar General ($DG) just keeps opening new stores. (forbes.com)
- Why Alphabet's ($GOOGL) YouTube has such a wide moat. (howardlindzon.com)
Venture capital
- Nobody should want to see their VC buy a mega-mansion. (washingtonpost.com)
- The once hot Amazon ($AMZN) aggregator space is in turmoil. (theinformation.com)
- There is a bull market in bear market startup advice. (wsj.com)
Funds
- Why you can safely ignore news of active manager outperformance. (wapo.st)
- Vanguard introduced growth and value index funds. Have investors really benefited? (morningstar.com)
ESG
- Is there a right way to make sure ESG funds are actually ESG? (wealthmanagement.com)
- ESG data is a mess. (ft.com)
Housing
- Though March, the Case-Shiller numbers showed a 20.6% increase in home prices. (calculatedrisk.substack.com)
- Why we may have already seen peak house price gains. (bonddad.blogspot.com)
- Home builders have snapped up a lot of buildable lots. (calculatedriskblog.com)
Economy
- Eurozone inflation hit a new high in May. (nytimes.com)
- Are American consumers going to make the shift from good to services spending? (economist.com)
- A lack of immigrant workers is forcing California farms to adjust. (nytimes.com)
Earlier on Abnormal Returns
- Research links: hopeless odds. (abnormalreturns.com)
- Adviser links: important lessons. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
Mixed media
- A Q&A with Tyler Cowen and Daniel Gross co-authors of "Talent: How to Identify Energizers, Creatives, and Winners Around the World." (morningbrew.com)
- Steps to take if you got laid off from a tech startup including 'Extend your stock option exercise period.' (hunterwalk.medium.com)
- Will remote work survive a recession? (vox.com)
