Quote of the Day
"The market for used companies isn’t as efficient or reliable as the one for used cars, as surprising as that might sound."
(Seth Godin)
Markets
- Small caps look cheap relative to large caps. (wsj.com)
- What a stock market bottom looks like. (awealthofcommonsense.com)
- How best to measure investor capitulation? (ramp.beehiiv.com)
- All bear markets eventually end. (granite-wealth.com)
Companies
- Why Apple ($AAPL) is pushing into services so aggressively. (macworld.com)
- Is 'dating app fatigue' to blame for the big drop in Match ($MTCH) stock? (thetycoonist.com)
- E-commerce disruptors, like Rent the Runway ($RENT), have gotten crushed. (theinformation.com)
Finance
- Goldman Sachs ($GS) is reorganizing its businesses. (wsj.com)
- Metals dealers operate free of much regulatory influence. (citywireusa.com)
Fund management
- Blackrock ($BLK) sits atop a list of the 500 biggest money managers. (pionline.com)
- It's hard to have good fund performance without good governance. (capitalallocators.com)
Economy
- Monthly mortgage payments are up nearly 60% year-over-year. (calculatedriskblog.com)
- New home sales will continue to trend lower until the Fed reverses course. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Adviser links: emotional dynamics. (abnormalreturns.com)
- Seventeenth blogiversary and book giveaway. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- These are the top ten clicks last week on the site. (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)
