Quote of the Day
"Markets do not have the choice to sit out a bad weather forecast."
(Barry Ritholtz)
Chart of the Day
ExxonMobil’s ($XOM) stock price is having a moment, despite internal tensions. (chart via @ycharts)
Markets
- The launch of the ProShares Bitcoin Strategy ETF ($BITO) nearly top-ticked the market. (bloomberg.com)
- Money market mutual funds may no longer be the best place for short term cash. (wsj.com)
- Speculating about the Fed's next move is wasted effort. (allstarcharts.com)
Corporate fraud
- Hindenberg Research got it right on Nikola ($NKLA). (nytimes.com)
- Duncan Mavin's book on the Greensill Capital debacle "Pyramid of Lies" is 'great.' (brontecapital.blogspot.com)
Policy
- The Covid pandemic did not slow the trading of Federal officials. (wsj.com)
- Funding for future pandemic preparedness could run into problems in Congress. (statnews.com)
- BlackRock’s ($BLK) financial markets advisory group has become a go-to resource for governments. (wsj.com)
- Why don't people move more for job opportunities? (econofact.org)
- What workers have done with the time previously spent commuting. (libertystreeteconomics.newyorkfed.org)
Economy
- Why isn't inflation falling? Ask consumers and businesses. (awealthofcommonsense.com)
- 'Nowcasts' are nothing new. (mrzepczynski.blogspot.com)
- The economic schledule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
