Quote of the Day
"Even outside economics and finances, a record-high gap has opened up between Americans’ personal attitudes and their evaluations of the country."
(Derek Thompson)
Chart of the Day
Housing affordability is at its worst level since 2008.
Market
- The start of this year has killed investor confidence. (theirrelevantinvestor.com)
- Lumber prices are down 50% from a year ago. (calculatedriskblog.com)
Strategy
- A visualization of why sequence of returns matters, even if it is luck. (thewaiterspad.com)
- There's nothing better than losing your own money to cure you of speculating. (rationalwalk.com)
Crypto
- Rising electricity rates are squeezing Bitcoin miners. (wired.com)
- Crypto's lobbying efforts are generating some pushback in Washington. (ft.com)
- Why crypto exchanges want to be regulated by the CFTC. (bloomberg.com)
Finance
- Why Stripe is teaming up with Klarna. (protocol.com)
- A profile of event markets provider Kalshi. (bloomberg.com)
Startups
- Fifteen minute grocery delivery is never going to work. (theatlantic.com)
- Fidelity is marking down the valuation of some startups including Instacart and Stripe. (bnnbloomberg.ca)
Economy
- Manufacturing activity is still strong though May. (bonddad.blogspot.com)
- It's going to take more to put us into a recession. (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: living through a bear market. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: hopeless odds. (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
- Six tips on how to read more books, including 'Try new genres.' (peterlazaroff.com)
- 10 books from the JP Morgan ($JPM) 2022 summer reading list including "Fixed.: How to Perfect the Fine Art of Problem Solving" by Amy E. Herman. (businessinsider.com)
- Seventeen books coming this summer including "Meet Me by the Fountain" by Alexandra Lange. (vulture.com)
