Quote of the Day
"The bottom line is brutal market sell-offs happen. They’re happening now. And they’ll happen again and again even as the market trends higher in the long run."
(Sam Ro)
Markets
- Bond market volatility is at crisis levels. (axios.com)
- The biggest risk to the market right now is central bank policy error. (awealthofcommonsense.com)
- When the stock market is down 25% we are usually already in a recession. (theirrelevantinvestor.com)
- Expectations for the 60/40 portfolio have been reset this year. (morningstar.com)
Companies
- Details on Netflix ($NFLX) Basic with Ads is here. (theverge.com)
- Kroger ($KR) is planning to buy Albertsons ($ACI). (axios.com)
- GoodRx ($GDRX) is now targeting doctors. (biopharmadive.com)
Fund management
- Blackrock ($BLK) saw a nearly 16% decline in AUM, year-over-year. (pionline.com)
- Infrastructure investments have been a buffer for pension funds this year. (bnnbloomberg.ca)
- Jeff Benjamin, "Schwab Asset Management is launching a pilot program that enables fund investors to have a say in the direction of the proxy voting process." (investmentnews.com)
Florida
- How Hurricane Ian is going to affect the Florida housing market. (nytimes.com)
- Damage estimates for Florida's agriculture industry are still coming in. (npr.org)
Economy
- Retail sales are pointing to weaker growth. (bonddad.blogspot.com)
- Apartment rents are in decline. (axios.com)
- Nick Timiraos, chief economics correspondent for The Wall Street Journal, is the new, new 'Fed whisperer.' (nymag.com)
Earlier on Abnormal Returns
- Podcast links: knowing when to quit. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: credentialism and technocracy. (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)
