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Quote of the Day
"Each time we make investment decisions that are implicitly driven by momentum it makes us feel better for a time; but what will feel like short-term wins, almost inevitably compound into painful, long-term losses."
(Joe Wiggins)
Markets
- The S&P 500 has been below its 200 day moving average for awhile now. (theirrelevantinvestor.com)
- The U.S. farmland bull market continues apace. (ritholtz.com)
- The price of the Bloomberg terminal is increasing to nearly $30,000 a year. (on.ft.com)
Sequence of returns
- It's not just retirees that face sequence of returns risk. (morningstar.com)
- Flexibility is important in dealing with sequence of returns risk. (wsj.com)
Companies
- WhatsApp has a shot at becoming a super-app. (fortune.com)
- Corning ($GLW) is going to build more fiber optic manufacturing capacity (axios.com)
- At what point will the data center market be oversupplied? (ft.com)
- Theme parks are cashing in on the return to travel. (variety.com)
ETFs
- Pretty soon every celebrity is going to have their own branded ETF. (frontofficesports.com)
- Strategy ETFs are gaining attention. (priceactionlab.com)
Student loan debt
- Forgiving student loan debt doesn't fix the underlying problem. (youngmoney.co)
- Here is a more equitable approach to education funding. (ofdollarsanddata.com)
Housing
- Case-Shiller showed an 18% increase in home prices through June. (calculatedriskblog.com)
- The housing market is normalizing. (theirrelevantinvestor.com)
- Mortgage rates are once again pushing 6%. (calculatedrisk.substack.com)
Economy
- $20 is pushing aside $15 as a starting wage. (axios.com)
- Some early signs the jobs market is cooling off. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: diluting trend. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: the alpha myth. (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)
