Quote of the Day
"The ability to make a significant living from a performance field--athletics, music, writing--is the rare exception, not the base case."
(Brett Steenbarger)
Markets
- Retail investors have been this bearish only five other times in history. (twitter.com)
- The rise in interest rates has been relentless. (capitalspectator.com)
FAANG
- The FAANG stocks, except for Apple ($AAPL) are in big drawdowns. (theirrelevantinvestor.com)
- Google ($GOOGL) and Meta ($META) are tightening their belts. (vox.com)
Bubbles
- Why the SPAC bubble burst. (youngmoney.co)
- Just because bubbles burst, doesn't mean good stuff didn't happen. (ft.com)
Venture capital
- There is a tradeoff between the cost of capital and flexibility. (a16z.com)
- Why Y Combinator works. (paulgraham.com)
Housing
- How are corporate landlords going to react to higher rates? (economist.com)
- Luxury home sales are in retreat. (redfin.com)
- Why rents need to rise. (washingtonpost.com)
Economy
- The good thing about a Fed tightening cycle is it will end eventually. (nytimes.com)
- Some early signs that inflation pressures are easing. (carsongroup.com)
- Weekly initial unemployment claims continue to ebb. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: cultivating understanding. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: travel while you can. (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)
