Quote of the Day
"If you find something that is true in more than one field, you’ve probably uncovered something particularly important."
(Morgan Housel)
Chart of the Day
Commodities are experiencing their first significant correction in two years.
Markets
- Making the case for high yield bonds right now. (marketwatch.com)
- Markets are adept at busting expectations. (compoundadvisors.com)
Companies
- Why would another company trust Elon Musk again? (rationalwalk.com)
- The big food delivery companies are branching out. (wsj.com)
Single-stock ETFs
- How single-stock ETFs work. (etftrends.com)
- Single-stock ETFs are another example of how leverage finds its way into the system. (wsj.com)
Sports
- The NCAA is to blame for the slow death of college sports. (marketwatch.com)
- On the state of the many sports SPACs. (frontofficesports.com)
- Big Tech keeps snapping up live sports rights. (nytimes.com)
- Why MLB needs to shorten games. (americanpurpose.com)
Housing
- All the housing data are moving in one direction. (tker.co)
- On the secular decline of manufactured housing. (constructionphysics.substack.com)
- The U.S. needs more housing, but home builders are set to slow down. (nytimes.com)
- Why starter homes are expensive to build. (marketwatch.com)
Policy
- Government employment is not back to pre-pandemic levels. (axios.com)
- Why crime is climbing - the extended shutdown of so much of the court system. (theatlantic.com)
- The rise in remote work has had a series of unintended side effects. (econofact.org)
- American health was in relative decline even before Covid hit. (theatlantic.com)
- Do corporate profits increase when inflation increases? (libertystreeteconomics.newyorkfed.org)
- America's teachers are very, very unhappy. (bloomberg.com)
- Why the postal service should cut back service. (humbledollar.com)
Economy
- James Surowiecki, "Regardless, the essential point is that Americans are treating the job market as irrelevant next to inflation and gas prices." (msn.com)
- Higher wages are pulling teenagers into the work force. (washingtonpost.com)
- Younger Americans are seeing higher wage growth. (axios.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this 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)
