Quote of the Day
"Every generation reaches a point where they begin to think more critically about what role, exactly, work should play in their life."
(Cal Newport)
Markets
- Global stocks and bonds lost more than $30 trillion for 2022. (ft.com)
- The 60/40 portfolio had a historically bad year. (finance.yahoo.com)
- Apple ($AAPL) lost $846 billion in market cap in 2022. (marketwatch.com)
- 2022 was a big year for ETFs, except for a spot Bitcoin ETF. (theetfeducator.com)
- IPO proceeds fell off the table in 2022. (cnbc.com)
Strategy
- Average annual stock market returns are not-so average. (awealthofcommonsense.com)
- Why 2022 was a uniquely volatile year in the stock market. (theatlantic.com)
- Back-to-back drops in the stock market are relatively rare. (tker.co)
Crypto
- SBF's Alameda Research was never very good at generating profits. (wsj.com)
- Matt Levine, "What happened at FTX? “They stole the money” seems to be a true but insufficient answer." (bloomberg.com)
- Fidelity is not backing down from its crypto plans. (barrons.com)
Companies
- Boeing ($BA) stock rebounded in Q4. (bnnbloomberg.ca)
- This week Southwest's ($LUV) technical debt came home to roost. (nytimes.com)
- Despite growing competition, Netflix ($NFLX) still dominates streaming hours viewed. (variety.com)
- Office vacancy levels are at their highest level since 1992. (calculatedriskblog.com)
Generations
- Gen Z doesn't watch much sports. (axios.com)
- Millennials are not following the typical political path towards conservatism. (on.ft.com)
Hospitals
- When it comes to expansion, non-profit hospitals are bypassing poor neighborhoods for wealthy ones. (wsj.com)
- Cyberattacks on hospitals cost lives in 2022. (politico.com)
- Is erasing medical debt just a short-term fix? (nytimes.com)
Policy
- Jane C. Hu, "We know that nothing special is guaranteed to happen at 25, or 21, or 18—yet our legal system dictates hard limits." (slate.com)
- Financial conflicts of interest in government are rife. (wsj.com)
- The pandemic set off a wave of laws making for easier alcohol access. (politico.com)
- Legislation to reduce the cost of prison phone calls is a reality. (npr.org)
- Why isn't PPP fraud a bigger deal? (vox.com)
Economy
- Small businesses are finding it easier to hire. (wsj.com)
- The last few years broke a lot of economic indicators. (stayathomemacro.substack.com)
- Wage inequality seems to be declining. (wsj.com)
- The economic schedule for the first week of 2023. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Why you should choose simplicity over complexity: the case against FSAs. (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)
