Quote of the Day
"I think we’re actually very good at predicting the future – except for the surprises, which tend to be all that matter."
(Morgan Housel)
Chart of the Day
Mortgage rates, per Freddie Mac, is at a new high for the cycle. (chart via Freddie Mac)
Finance
- Are dividends ever going to be a thing again? (citywireusa.com)
- How did stock buybacks become such a political football? (thinkadvisor.com)
Apple
- Apple ($AAPL) is increasingly a services company, and its new iPhone launch belies it. (stratechery.com)
- All the stuff Apple ($AAPL) didn't announce yesterday, including a new iPhone Mini. (theverge.com)
- What's behind Apple's ($AAPL) introduction of passkeys? (wired.com)
- The Apple ($AAPL) Watch is increasingly a safety device. (cnet.com)
- Tim Cook could care less about Android messaging compatibility. (cnbc.com)
Companies
- Google ($GOOGL) is tightening its belt, including non-essential business travel. (theinformation.com)
- Why CVS ($CVS) is buying Signify Health. (vox.com)
- Why is the Hipgnosis Songs Fund trading at a discount to NAV? (ft.com)
Fund management
- Single-stock ETFs are boosting fund launch figures. (finance.yahoo.com)
- Companies shouldn't be held responsible for not being able to predict the future. (morningstar.com)
- Bond giant TCW has a new CEO. (citywireusa.com)
Global
- Japan is getting less self-sufficient for food over time. (ft.com)
- Russia's oligarchs are feeling the pinch but have little or no political power. (ft.com)
Economy
- Initial jobless claims continue to tick lower. (bonddad.blogspot.com)
- A strong labor economy give the Fed some room to slow inflation without pushing the economy into recession. (bloomberg.com)
- More signs the housing market is cooling off. (redfin.com)
Earlier on Abnormal Returns
- Longform links: immediate causes. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: blending theory and psychology. (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)
