Quote of the Day
"It was far, far riskier investing a year and a half ago than it is today."
(Jack Raines)
Markets
- Lumber prices are back down to pre-pandemic levels. (calculatedriskblog.com)
- A doubling of the mortgage rates radically changes housing math. (theirrelevantinvestor.com)
- Risk parity funds have not avoided the market downturn. (wsj.com)
- Check out the spike in volatility in the utility sector. (priceactionlab.com)
Crypto
- Why Kim Kardashian got charged, and Matt Damon didn't. (axios.com)
- Why you are unlikely to see more celebrity crypto endorsements. (variety.com)
Apple
- iPhone exports from India are rapidly on the rise. (bloomberg.com)
- More Apple ($AAPL) suppliers are building in the U.S. (wsj.com)
- How the new Apple Watch Ultra is 'like a pick-up truck.' (david-smith.org)
Companies
- MobileEye is coming back public. (axios.com)
- A massive new Micron ($MU) facility is coming to upstate New York. (nytimes.com)
- Don't hold your breath waiting for companies to cut prices when inflation cools. (washingtonpost.com)
Fund management
- Vanguard could soon beat out Blackrock ($BLK) in ETF AUM. (bloomberg.com)
- ETF launches are accelerating through the year. (etf.com)
- The rules around ESG fund labeling are likely to tighten. (wsj.com)
- Asset managers are struggling to get employees back in the office. (institutionalinvestor.com)
Economy
- Job openings are evaporating, per the August JOLTs report. (bonddad.blogspot.com)
- Just how big a fall in home prices is already baked into the cake? (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Research links: expected future earnings. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: more than the numbers. (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)
