Quote of the Day
"There is a moment in these energy shocks where the inflationary effects undergo a conversion, and fossil fuel price spikes start to grind out a strong, deflationary pulse. We have likely arrived at that moment."
(Gregor Macdonald)
Markets
- The US Treasury yield curve, 2-10s, inverted again. (finance.yahoo.com)
- The stock market is down 9 of the past 10 weeks. (theirrelevantinvestor.com)
- Five signs that we are living through a financial bubble. (nymag.com)
Strategy
- Indexing solves the problem of having to choose stocks, sectors or countries. (awealthofcommonsense.com)
- Trend following is about behavior, not returns. (thereformedbroker.com)
Crypto
- Crypto prices are in free fall. (decrypt.co)
- MicroStrategy ($MSTR) and other crypto-adjacent companies are getting crushed. (theblockcrypto.com)
Companies
- Every part of Meta's ($META) business is under pressure. (wsj.com)
- Why ridesharing may never be a profitable business. (thetycoonist.com)
- Duckhorn Portfolio ($NAPA) has been a rare IPO winner from 2021. (barrons.com)
Institutional
- Merger arb types are steering clear of Twitter ($TWTR) and Elon. (on.ft.com)
- Institutional investors are taking Blackrock ($BLK) up on the offer to vote their own shares. (wsj.com)
- LPs want private equity GPs to put more skin in the game. (institutionalinvestor.com)
Venture capital
- True partnerships in venture capital are rare. (avc.com)
- This factor makes for more diverse VC firms. (klementoninvesting.substack.com)
- VCs are still investing in cybersecurity and client startups. (news.crunchbase.com)
Earlier on Abnormal Returns
- Adviser links: rare communication skills. (abnormalreturns.com)
- What you missed in our Sunday 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)
