Quote of the Day
"Emotions can't be taught, they can only be experienced. And that's why this investing game is so hard. When you're in the heat of the moment, rationality goes out the window."
(Jack Raines)
Markets
- Given the market downturn, why isn't the VIX higher? (ft.com)
- 52-week lows have dried up. (allstarcharts.com)
Rates
- Why the rapid rise in short term interest rates is a big deal. (fortunesandfrictions.com)
- The 40 in 60/40 portfolio is looking a lot better these days. (ofdollarsanddata.com)
Media
- Warner Bros. Discovery ($WBD) is taking a big content-related write-off. (variety.com)
- How big is MrBeast? This big. (axios.com)
Finance
- Goldman Sachs ($GS) and Morgan Stanley ($MS) have very different strategies to attract HNW clients. (ft.com)
- What's the future of BNPL? (protocol.com)
Fund management
- How buffered ETFs have performed in the bear market. (morningstar.com)
- Why it is so difficult for a fund manager to sustain success. (mrzepczynski.blogspot.com)
Global
- Natural gas prices in Europe are falling, for now. (nytimes.com)
- Derek Thompson, "The U.K. is now an object lesson for other countries dealing with a dark triad of deindustrialization, degrowth, and denigration of foreigners." (theatlantic.com)
Housing
- The Case-Shiller home price indices, through August, have rolled over. (calculatedriskblog.com)
- The question is how much more prices will fall. (bonddad.blogspot.com)
- Builders claim they are ready for a recession. (washingtonpost.com)
Economy
- Despite pervasive recession talk, the American consumer is still spending like crazy. (awealthofcommonsense.com)
- Why the price of gasoline has such a hold on consumer confidence. (nytimes.com)
- Through a statistical quirk, the Fed is causing the inflation it is fighting. (ritholtz.com)
- How many Covid early retirees will come back into the workforce? (npr.org)
Earlier on Abnormal Returns
- Research links: disappearing records. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: what bear markets demand. (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)
