Quote of the Day
"Everybody blames the Federal Reserve. If inflation rises, the Fed must have set interest rates too low. If the economy slows, it pushed them too high."
(John Rekenthaler)
Markets
- Barry Ritholtz, "Earnings are what they are, the profits of corporate America. By definition, they cannot be wrong – only better or worse than expected." (ritholtz.com)
- Why grifters use technological change to take advantage of investors. (novelinvestor.com)
- Markets are driven by feedback loops. (mrzepczynski.blogspot.com)
Companies
- Snap ($SNAP) results are sign of slowing social media revenue growth. (variety.com)
- Amazon ($AMZN) Prime Day is big for ads as well. (theinformation.com)
EVs
- Amazon ($AMZN) is now deploying Rivian-built ($RIVN) vans. (axios.com)
- Warehouse operators are building out vehicle charging capabilities. (wsj.com)
- USPS is upping the number of EVs on order. (theverge.com)
Global
- An agreement has been reached to allow the flow of grain from Ukraine via the Black Sea. (nytimes.com)
- On the state of the Russian economy. (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: unfortunate decision making. (abnormalreturns.com)
- What you missed in our Thurseday linkfest. (abnormalreturns.com)
- Longform links: the yacht crowd. (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)
