Quote of the Day
"Overweighting today’s news, for better and for worse, gets investors in trouble because today is already priced in."
(Michael Batnick)
Chart of the Day
The ProShares Bitcoin Strategy ETF ($BITO) nearly top-ticked the Bitcoin market. (chart via @ycharts)
Strategy
- Why investors have turned away from actively managed funds. (on.ft.com)
- Why so few investors utilize managed futures. (blog.validea.com)
- There really are only four outcomes to a trade. (allstarcharts.com)
Innovation
- Nokia ($NOK) is an object lesson in the innovator's dilemma. (ritholtz.com)
- Newly minted unicorns are once again a rarity. (wapo.st)
- a16z is feeling the pain of the crypto crash. (wsj.com)
Sports
- Is online sports betting more addictive than in-person gambling? (newyorker.com)
- Why Americans keep buying Premier League teams. (ft.com)
- The rift between tennis and pickleball is growing. (nytimes.com)
Economy
- We won't know for awhile if the Fed has accomplished its inflation goal. (washingtonpost.com)
- Why isn't everyone talking more about the increasingly inverted Treasury yield curve? (bonddad.blogspot.com)
- Health care will soon be a drag on inflation. (wsj.com)
Earlier on Abnormal Returns
- Personal finance links: transformative purchases. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: disappearing records. (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)
