Quote of the Day
"Brands are hard to build and even harder to span across generations. You can do everything right and still fail because customers don’t want to be associated with products of their parents’ generation."
(Morgan Housel)
Markets
- 2022 is shaping up as the worst year for bond returns in history. (awealthofcommonsense.com)
- Managed futures performance is cooling off. (wsj.com)
Exchanges
- Market makers, like Citadel Securities, and the SEC are headed for a showdown. (wsj.com)
- Did yesterday's CPI report leak early? (news.yahoo.com)
Finance
- Alternatives manager wants you to put more money in alternatives. (institutionalinvestor.com)
- Short selling no longer feels like a fraught proposition. (ft.com)
Housing
- The housing market is rapidly rolling over. (calculatedrisk.substack.com)
- 30-year mortgage rates are down some 1.125% off their highs. (thebasispoint.com)
- Owner-equivalent rent is set to bring inflation down in 2023. (pragcap.com)
- How supply constraints could work to smooth out the new housing pipeline. (bloomberg.com)
Books
- The top 22 business books of 2022 including "Bully Market: My Story of Money and Misogyny at Goldman Sachs" by Jamie Fiore Higgins. (nextbigideaclub.com)
- Tomasz Tunguz's ten favorite books of 2022 including "The Bond King" by Mary Childs. (tomtunguz.com)
- What Oaktree Capital types are reading including "How the World Really Works: The Science Behind How We Got Here and Where We’re Going" by Vaclav Smil. (oaktreecapital.com)
Earlier on Abnormal Returns
- Personal finance links: investing accordingly. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: correlation confidence. (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)
