Quote of the Day
"Code can be rewritten. Products can be built, modified, sunset. Investors can be bought out. But culture is like super cement that’s oozed into every nook and cranny, often beyond the reach of a jackhammer."
(Hunter Walk)
Markets
- High yield bond spreads are on the rise. (mrzepczynski.blogspot.com)
- Banks are in no hurry to raise savings account yields. (awealthofcommonsense.com)
- How cash stacks up as an inflation hedge. (morningstar.com)
Strategy
- ESG has lost all its meaning. (execsum.co)
- Timing the stock market is really hard. (bestinterest.blog)
- How Wes Gray invests his own money. (alphaarchitect.com)
Fund management
- Vanguard continues to gain ground on Blackrock ($BLK) in ETFs. (etf.com)
- Fidelity has launched its DIY direct indexing platform. (investmentnews.com)
Global
- Manufacturing in Singapore is bouncing back. (wsj.com)
- China's surveillance state is only getting more powerful as technology expands. (nytimes.com)
Policy
- The U.S. wasted a decade of low interest rates to help rebuild the country's infrastcuture. (qz.com)
- How Covid hospital relief inequitably flowed through the system. (washingtonpost.com)
- Why don't Americans care more about the issue of opioid addiction? (rodgraham.substack.com)
- How often do 'good guys with a gun' stop mass shootings? (nytimes.com)
Economy
- The markets are hanging their hats on signs of a slowing economy. (tker.co)
- The U.S. economy may be in recession, but its not in the data yet. (econbrowser.com)
- There are five fewer oil refineries online in the U.S. compared to pre-pandemic. (npr.org)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- The ten most-clicked on items last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
