Quote of the Day
"You can’t invest if you don’t save, and you won’t stick to your investments without a proper allocation and temperament."
(Ben Coulthard)
Chart of the Day
More stocks are hitting new new all-time highs. (chart via @ycharts)
Strategy
- Things that never happened before happen in the markets all the time. (awealthofcommonsense.com)
- The 'bear market in everything' is a reset. (novelinvestor.com)
- Why you can safely ignore year-end price targets. (tker.co)
- Fund managers should not in the business of betting on Fed moves. (blogs.cfainstitute.org)
- TIPS aren't risk-free. (wsj.com)
Finance
- Why frauds and rare in the futures industry. (rcmalternatives.com)
- Some hedge funds are tightening up their job offers to prevent candidates from ghosting them. (finance.yahoo.com)
ETFs
- What makes for a successful ETF? (blog.etfthinktank.com)
- Goldman Sachs ($GS) is getting into the white label ETF business. (on.ft.com)
- 2022 ETF launches are lagging behind 2021's pace. (etf.com)
Funds
- The data are against anyone trying to find a fund that consistently outperforms its benchmark. (nytimes.com)
- Keep an eye on the situation with Blackrock's ($BLK) BREIT fund. (ft.com)
- Cathie Wood is sticking with Elon Musk. (theinformation.com)
- Is nuclear power now ESG-worthy? (morningstar.com)
Economics
- The economics profession has a sexual harassment problem. (theatlantic.com)
- Five insights from Owen Ullmann's new book "Empathy Economics: Janet Yellen’s Remarkable Rise to Power and Her Drive to Spread Prosperity to All." (nextbigideaclub.com)
- A Q&A with Ran Abramitzky, co-author of "Streets of Gold: America's Untold Story of Immigrant Success." (behavioralscientist.org)
-
A review of "Ways and Means: Lincoln and His Cabinet and the Financing of the Civil War"
by Roger Lowenstein. (americanpurpose.com)
Policy
- The backlash against billionaires is growing. (theweek.com)
- How Booz Allen became the 'Ticketmaster of America’s public lands.' (doctorow.medium.com)
- How fintech startups helped facilitate PPP fraud. (washingtonpost.com)
- Is there a constitutional right to spread misinformation? (nytimes.com)
- Why can a single federal judges block regulations and laws? (vox.com)
- The public health case for sin taxes. (statnews.com)
Economy
- The November NFP shows a slowing, but still growing, economy. (bonddad.blogspot.com)
- Inflation hawks and doves have been proven wrong. (stayathomemacro.substack.com)
- Middle-aged men have still now fully returned to the workforce, post-pandemic. (nytimes.com)
- Americans are spending down their excess savings. (nytimes.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
