Quote of the Day
"We are seeing a clear shift in the housing market, with more price reductions, more inventory, and fewer sales."
(Bill McBride)
Chart of the Day
Hedge funds that went all-in on venture investments are now feeling the pain.
Markets
- Knowing when a recession starts and ends won't help you that much timing the stock market. (awealthofcommonsense.com)
- Nir Kaissar, "It’s easy to underestimate the torment of an extended bear market if you’ve never encountered one." (wapo.st)
- Successful investing is often pretty boring. (evidenceinvestor.com)
Finance
- Market-makers Citadel Securities and Virtu Financial ($VIRT) are in the process of building a cryptocurrency trading platform. (coindesk.com)
- Private equity firms are lining up to capture retail investment flows. (wsj.com)
- JP Morgan Chase ($JPM) is well-positioned to take advantage of the fintech pullback. (ft.com)
Companies
- Why Taiwan Semiconductor ($TSM) is in everyone's sights. (bloomberg.com)
- Amazon's ($AMZN) former consumer chief is becoming CEO of Flexport. (forbes.com)
Consumers
- Small towns are increasing at-risk of losing their scheduled flights. (wsj.com)
- Female hygiene products are in short supply. (time.com)
- Where Netflix ($NFLX) defectors are going. (variety.com)
Economy
- Higher gasoline prices are having a big impact on consumers. (theirrelevantinvestor.com)
- Why business formation spiked, post-pandemic. (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: creating a plan that works. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: extreme success. (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)
