Quote of the Day
"That’s the beauty of the market. Nobody knows. Everyone is assuming and guessing based off what they think they know."
(Eric Soda)
Markets
- By most measures, international stocks are cheap relative to the U.S. (wsj.com)
- How much do interest rates matter for the stock market? (awealthofcommonsense.com)
- A good reminder that the economy is not the stock market. (tker.co)
Companies
- FedEx ($FDX) is an operational hot mess. (washingtonpost.com)
- The Uber ($UBER) hack is bad, real bad. (wired.com)
- Competition to straighten your teeth is growing. (axios.com)
- When management tells you their stock is undervalued, you don't need to believe them. (variances.substack.com)
Finance
- Five insights from "Democratizing Finance: The Radical Promise of Fintech" by Marion Labouré and Nicolas Deffrennes. (nextbigideaclub.com)
- Closely-held business are increasingly ending up in the hands of private equity. (wsj.com)
- What to look for in Friday night SEC document dumps. (empirefinancialresearch.com)
Fund management
- There are now more than 3,000 U.S.-traded ETFs. (etftrends.com)
- All ESG funds are not created the same. (washingtonpost.com)
Policy
- Justin Fox, "We’re asking government to do more without hiring enough people to do it right." (bloomberg.com)
- Cities and states are having a hard time hiring workers. (washingtonpost.com)
- How insurance carriers affect police department policies. (wsj.com)
- Religious schools have a responsibility to teach their students the basics. (msn.com)
- Who is going to pay to clean up 'forever chemicals'? (politico.com)
- Can societies do anything to reverse demographic decline? (economist.com)
- 23% of Congress is over age 70. (twitter.com)
Economy
- It's getting harder to ignore the strength in the U.S. dollar. (kyla.substack.com)
- The tight labor situation is boosting labor unions. (washingtonpost.com)
- Layoffs are coming to film and TV production. (bnnbloomberg.ca)
- 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)
