Quote of the Day
"As the manager of your portfolio, you should do one thing really well, and it's to be a methodical implementer of a pre-designed plan."
(Rubin Miller)
Markets
- Michael Batnick, "Maybe we aren’t in a recession, but there’s certainly a lot of pain out there. And a lot of pessimism. If everyone feels like we’re in a recession, why does it matter what the data says?" (theirrelevantinvestor.com)
- The stock market is seemingly pricing in a shallow recession. (ritholtz.com)
Strategy
- Jack Raines, "The market doesn't care about your obsession." (youngmoney.co)
- Why its often better not to know what a company does. (onveston.substack.com)
Companies
- Big companies, like Pepsico ($PEP), are not cutting back on capex. (wsj.com)
- MicroStrategy ($MSTR) is no giving up on its big Bitcoin bet. (wsj.com)
- Photo-focused Instagram competitors are seeing an influx of users. (axios.com)
Streaming
- Why users should be worried about the pullback at HBO Max is here. (theverge.com)
- Netflix ($NFLX) is starting from scratch on ads. (wsj.com)
ETFs
- No one really needs single-stock ETFs. (wapo.st)
- Given political risk, is it even possible to properly index emerging market equities? (institutionalinvestor.com)
Global
- Like the U.S., Japan is trying to boost its domestic semiconductor business. (nytimes.com)
- The Rhine is just about shut to commercial traffic. (bloomberg.com)
- More signs that global supply chains are easing. (tker.co)
Economy
- Initial jobless claims continue to trend higher. (bonddad.blogspot.com)
- Still no sign of weakness in heavy truck sales. (calculatedriskblog.com)
- Contrary to recession talk, economic conditions were still positive in July. (econbrowser.com)
- Conor Sen, "We could be facing a downturn where most workers get a little bit poorer rather than several million losing their jobs." (bloomberg.com)
Earlier on Abnormal Returns
- Longform links: restaurant problems. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a sense of purpose. (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)
