Quote of the Day
"If you’re a financial advisor or a fund manager and you weren’t down 20% last year, you won, basically."
(Joshua Brown)
Markets
- 15 charts that explain 2022 returns. (morningstar.com)
- 2022 was a good year for value. (blog.validea.com)
- Consumer sentiment is awful. (alhambrapartners.com)
Commodities
- Managed futures returns in 2022 were front-end loaded. (rcmalternatives.com)
- Natural gas prices in Europe have fallen to pre-war levels. (axios.com)
- Lumber prices are back down to pre-pandemic levels. (calculatedriskblog.com)
Crypto
- Coinbase ($COIN) is coughing up $100 million in a deal with the state of New York. (nytimes.com)
- FTX's demise is leaving a big hole in sports sponsorship budgets. (ft.com)
- With FTX off the board, all eyes are on Binance. (concoda.substack.com)
Companies
- Google ($GOOGL) and Meta's ($META) share of digital advertising fell below 50% in 2022. (wsj.com)
- What's the business case for an Apple ($AAPL) VR headset? (daringfireball.net)
Finance
- Why did Blackrock ($BLK) feel the need to shore up BREIT? (ft.com)
- The hunt for tech talent on Wall Street has cooled. (theinformation.com)
Global
- Canadian work force growth is coming from high immigration rates. (msn.com)
- The dream of rapid grocery delivery is still alive, for now, in India. (nytimes.com)
- Gulf sovereign wealth funds are flush with cash. (ft.com)
Economy
- The November JOLTS report showed continued labor economy strength. (bonddad.blogspot.com)
- A majority of U.S. states are showing slowing or negative growth. (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: ignoring the lottery. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the downside of diversification. (abnormalreturns.com)
- Dropping habits that don't serve you is just as important as adopting new habits. (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
- Brett Steenbarger, "It is the pain of hitting a dead end and the resolution to do things differently that leads us to abandon what isn't working and embrace a new and different future." (traderfeed.blogspot.com)
- Why it's important to understand the why behind your resolutions. (moretothat.com)
- On the difference between Schadenfreude and Freudenfreude, and why we need more of the latter. (ritholtz.com)
