Quote of the Day
"In Silicon Valley, crypto and the metaverse are out. Generative A.I. is in."
(Kevin Roose)
Chart of the Day
Homebuilder stocks are feeling the pain of higher mortgage rates. (chart via @ycharts)
Finance
- Per AngelList, the Q3 drop in venture activity was substantial. (angellist.com)
- Questions keep getting raised about TikTok's data practices. (forbes.com)
- Fidelity is not abandoning crypto. (bloomberg.com)
- InstaCart has paused its IPO. (axios.com)
Global
- Why isn't Japan raising rates? (nytimes.com)
- The backlog of container ships off the coast of Southern California is effectively gone. (wsj.com)
Economy
- Why the Fed should take a pause a reassess the situation. (awealthofcommonsense.com)
- What economic models are saying about the probability of recession. (econbrowser.com)
- How much longer can 'excess savings' buoy consumer spending? (wellsfargo.bluematrix.com)
Earlier on Abnormal Returns
- Podcast links: IP theft. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: concentrated bets. (abnormalreturns.com)
- As a content creator, authenticity is the only path forward. (abnormalreturns.com)
- Celebrating our 17th blogiversary and a book giveaway. (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)
