Quote of the Day
"If you get laid off in the coming months it doesn’t matter what some council of economists says about the economy. You’re going to feel it, emotionally and financially."
(Ben Carlson)
Chart of the Day
Tesla ($TSLA) and Twitter ($TWTR) shareholders have taken a hit since Elon’s decision. (chart via @ycharts)
Markets
- Commodity prices are correcting. (mrzepczynski.blogspot.com)
- The yield curve, i.e.. 2-10 Treasuries, is again inverted. (compoundadvisors.com)
Strategy
- Control what you can in a bear market. (wsj.com)
- There are no guarantees when it comes to the 60/40 portfolio. (landing.fabricrisk.com)
- Bear markets aren't fun, but they are an opportunity. (nytimes.com)
- Stocks and bonds are down in 2022, but things could be a lot worse. (humbledollar.com)
- Matt Levine, "One of his [Musk's] hobbies is that he sometimes likes to pretend that he will acquire public companies." (bloomberg.com)
- Twitter ($TWTR) management should be looking to a post-Musk era. (avc.com)
Finance
- What's going to happen to the glut of SPACs? (execsum.co)
- Finance-types are driving a boom in Miami real estate. (wsj.com)
Fund management
- Some VC firms are picking through the rubble of public tech stocks. (theinformation.com)
- The era of cost cutting in the fund industry is coming to an end. (morningstar.com)
Policy
- States may come to regret the most recent wave of tax cuts. (washingtonpost.com)
- For decades the U.S. hasn't been building enough houses. (econofact.org)
- How the PPP missed the mark. (stlouisfed.org)
- More states are looking into 'baby bonds.' (axios.com)
- Gun deaths in the U.S. are going up and to the right. (washingtonpost.com)
- Why are the police getting worse at solving murders? (theringer.com)
Economy
- Jason Furman Wilson Powell III, "Everything about the economy over the last two and a half years has been extremely unusual and it continues to be." (piie.com)
- Why the Fed is making people nervous. (fullstackeconomics.com)
- Why Q1 GDP will likely be revised higher. (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks 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)
