Quote of the Day
"Again, everyone’s got their wounds to lick from this year. The S&P is down 20%. And when you look at a 60/40 portfolio, it’s very hard to find a time where things were worse. But that is where future returns come from."
(Joshua Brown)
Markets
- The yield curve is only getting more inverted. (morningstar.com)
- Oil prices are back to pre-Ukraine war levels. (axios.com)
Strategy
- What is a reasonable return expectation for the next few decades? (ofdollarsanddata.com)
- Why indexing works. (evidenceinvestor.com)
Crypto
- SBF was telling people about his plans in plain sight. (elmwealth.com)
- City of Miami Mayor Francis Suarez said that he’s still taking his paycheck in bitcoin. (theblock.co)
Finance
- Palantir Technologies ($PLTR) bet big on SPACs. It's now feeling the pain. (wapo.st)
- Twitter debt isn't the only deal, banks are trying to get off their books by year-end. (bloomberg.com)
- Yahoo Finance wants to get into retail stock trading. (axios.com)
Venture capital
- Frederick Geischen, "FTX won’t be the last time investors meet someone with a seemingly magical solution saying all the right words." (neckar.substack.com)
- Avoid writing checks to companies with 'no HR team, no accountant and no Board.' (noahpinion.substack.com)
Funds
- Which fund companies have capture the most market gains for investors? (morningstar.com)
- Meet the financial influencer launching his own ETF. (wsj.com)
Global
- How Russia's mobilization has strained businesses. (ft.com)
- How many Ukrainian women and children has Russia taken across the border? (bloomberg.com)
- Where Russian troops retreat, potential war crimes emerge. (nytimes.com)
Economy
- The Case-Shiller national home indices are rapidly decelerating. (calculatedriskblog.com)
- Why institutional investors have targeted select metros to buy single-family homes. (vice.com)
Earlier on Abnormal Returns
- Research links: expensive protection. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: different words. (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)
