Quote of the Day
"There’s been a lot of political banter about what caused the inflation – the stimulus or the supply shock. I’ve always maintained that it was a a lot of both."
(Cullen Roche)
Strategy
- Bear markets, 101. (monevator.com)
- Investing isn't supposed to be fun or exciting. (morningstar.com)
- Why you should sin a little when it comes to market timing. (bloomberg.com)
- Your benchmark is not necessarily the stock market. (thefinancialbodyguard.com)
Crypto
- Bitcoin miners are up against it, from a profit perspective. (ft.com)
- Matt Hougan, "I think crypto remains in the land of hype and hyperbole." (etf.com)
Netflix
- Netflix ($NFLX) is investing more in Asia. (finance.yahoo.com)
- Streaming subscribers prefer HBO Max but are still holding on their Netflix ($NFLX) subs. (variety.com)
- Spotify ($SPOT) is acting more like an Aggregator than Netflix ($NFLX). (stratechery.com)
Fund management
- Muni bonds are increasingly held by funds not individuals. (wsj.com)
- Charles Schwab ($SCHW) is lowering expenses on a handful of ETFs. (riabiz.com)
Economy
- Fifteen reasons why inflation got out of control including the Russian invasion of Ukraine. (ritholtz.com)
- Inflation is showing up in ways that don't always include higher prices. (theguardian.com)
- Where one year ahead inflation forecasts stand. (econbrowser.com)
- House prices were still strong through April. (bonddad.blogspot.com)
- Why you don't need to worry about the Fed losing money on its balance sheet items. (pragcap.com)
- Derek Thompson and Conor Sen on why the economy may not be in recession. (theringer.com)
Earlier on Abnormal Returns
- Research links: memory bias. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: good enough rules. (abnormalreturns.com)
- The Covid-19 vaccines saved a nearly unfathomable number of people. (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)
