Quote of the Day
"The single-stock phenomenon shows what the possibilities are. But just because it’s possible, doesn’t necessarily mean it’s at all useful for the average investor."
(Ben Johnson)
Markets
- The era of global negative-yielding debt is now in the rearview mirror. (finance.yahoo.com)
- It's hard to much in the way of good news from bond fund performance in 2022. (morningstar.com)
- The great global unwind happened without all that much drama. (ft.com)
Strategy
- Mean reversion doesn't operate on a set schedule. (awealthofcommonsense.com)
- Why the deflation of the Tesla ($TSLA) bubble is unique. (on.ft.com)
- It's hard to have a big financial blow-up absent leverage. (bloomberg.com)
Content
- Five insights from Bob Pisani's book "Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange." (nextbigideaclub.com)
- Permanent Equity's favorite content from 2022 including "Unreasonable Hospitality" by Will Guidara. (permanentequity.com)
Spinoffs
- GE HealthCare Technologies ($GEHC) is now publicly traded. (news.yahoo.com)
- J&J ($JNJ) is getting closer to a spinoff of its consumer business, Kenvue. (biopharmadive.com)
Finance
- Hedge funds gorged on startup investments the past couple of years. The hangover is here. (bloomberg.com)
- CBOE Global Markets ($CBOE) had a good 2022 based on market volatility. (ft.com)
- Good news for SPACs have been scarce, this tax ruling helps on the margin. (wsj.com)
Funds
- Investors shunned large growth and muni bond funds last year. (morningstar.com)
- How much do individual investors understand about illiquidity, i.e. BREIT? (axios.com)
Economy
- Cam Harvey on whether the current yield curve inversion is a false signal. (news.yahoo.com)
- Weekly initial unemployment claims remain muted. (bonddad.blogspot.com)
- Home seller concessions are on the rise. (axios.com)
- Apartment rents are rapidly coming down. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Longform links: owning your content. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: ignoring the lottery. (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)
