Quote of the Day
"If I were Fed Chairman, I would declare inflation is defeated, plant my flag and claim victory, then go home. The battle has already been won."
(Barry Ritholtz)
Chart of the Day
Anything Bitcoin-related, like Marathon Digital ($MARA), has gotten crushed this year. (chart via @ycharts)
Markets
- International stocks might actually outperform the U.S. this year. (etf.com)
- The end of the retail trading boom hasn't killed options volume. (ft.com)
Strategy
- Six investment lessons from the FTX scandal including 'Swim in regulated waters.' (savantwealth.com)
- Relax, there's always a new market theme hitting the headlines. (compoundadvisors.com)
Companies
- Carvana ($CVNA) is the poster child for the ZIRP era. (axios.com)
- There's no shortage of SPACs trading at or below $2 a share. (news.crunchbase.com)
- And e-sport company, FaZe Clan ($FAZE) is one of them. (huddleup.substack.com)
Economy
- Except for jobs, coincident indicators have stalled out. (bonddad.blogspot.com)
- Consumer spending is rolling over, while jobs hang on. (capitalspectator.com)
- Why the U.S. labor force may never recover from pandemic. (axios.com)
Earlier on Abnormal Returns
- Podcast links: poverty in America. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: inspiring trust. (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)
Mixed media
- Ten impactful books from 2022 including "Tomorrow, and Tomorrow, and Tomorrow" by Gabrielle Zevin. (theatlantic.com)
- 52 new books business-types recommend from 2022 including "Wanting: The Power of Mimetic Desire in Everyday Life" by Luke Burgis. (bloomberg.com)
- The 16 best books of 2022 including "Ducks: Two Years in the Oil Sands" by Kate Beaton. (vox.com)
