Quote of the Day
"Even if you had the Fed’s decision hand delivered to you this morning in an envelope, you still could not definitively know what to do with it. So maybe just watch and listen."
(Joshua Brown)
Strategy
- 10 crosscurrents affecting the markets at present including the end of the bond bull market. (ritholtz.com)
- Five things to understand about bear markets including 'Beware bear market analogues.' (blog.validea.com)
- Bear markets are inevitable. Don't let them ruin you. (tonyisola.com)
- Is it possible to overdiversify? (kevinbracker.substack.com)
Big Tech
- How Amazon's ($AMZN) warehouse strategy is changing. (bloomberg.com)
- Apple ($AAPL) and Google ($GOOGL) are battling it out in the car. (vox.com)
- Why Big Tech hates unions. (protocol.com)
Travel
- Cruise lines are not raising fares in the face of rising costs. (wsj.com)
- Airlines are going to have to shrink their schedules to get back to some sort of normal. (ft.com)
Housing
- There is a drop off in prospective new home buyers. (calculatedriskblog.com)
- Through Q1 U.S. homeowners had a record amount of home equity. (wsj.com)
- The current housing market looks a lot like 1978-82. (calculatedrisk.substack.com)
Economy
- Negative May retail sales are a sign of a slowing economy. (bonddad.blogspot.com)
- Americans are cutting back on durable goods spending. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: the critical component. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: insider purchases. (abnormalreturns.com)
- The S&P 500 has entered a bear market, but you should be paying more attention to what is going on in the bond market. (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)
