Quote of the Day
"The boundary between investment and entertainment has disappeared as markets spilled over to Twitter and Reddit."
(Jack Raines)
Chart of the Day
Rapidly rising interest rates have put us into a different market regime.
Markets
- Are tech stocks finally cheap? (economist.com)
- Energy stocks have gone from cheap to expensive in 2022. (morningstar.com)
Strategy
- Why the concept of yield trips up so many investors. (fortunesandfrictions.com)
- What lessons are investors going to take away from 2022? (blog.validea.com)
FTX
- Felix Salmon, "The collapse of FTX is the most consequential failure the crypto world has seen since Mt. Gox disappeared overnight in 2014." (axios.com)
- The FTX empire is complicated to say the least. (ft.com)
- FTX's demise is going to reduce crypto's support in Washington. (protocol.com)
- Fallout from FTX will reverberate through pro sports. (frontofficesports.com)
- How FTX will affect Web3. (tomtunguz.com)
Global
- The scale of the losses in Ukraine is 'tremendous.' (nytimes.com)
- Iran's doctors are joining the unrest. (washingtonpost.com)
Economy
- High inflation at this point is primarily a function of housing. (bonddad.blogspot.com)
- Weekly initial unemployment claims are ticking higher from a low base. (calculatedriskblog.com)
- Why diesel prices are still on the rise. (nytimes.com)
Earlier on Abnormal Returns
- Longform links: inevitable tragedies. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: big career shifts. (abnormalreturns.com)
- Can a business go from 'extreme reliability' to 'unreasonable hospitality'? (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)
