Quote of the Day
"If you invest for the long haul, though, you should be skeptical about any promptings that now is the time to make major changes to your portfolio."
(Jason Zweig)
Chart of the Day

Energy stocks have been going up despite weak crude oil prices.
Markets
- The Nasdaq 100 is up every week this year. (allstarcharts.com)
- Market narratives shift all the time. Don't get caught up in it all. (theirrelevantinvestor.com)
- Why higher interest rates won't cause a big shift from stocks into bonds. (awealthofcommonsense.com)
Crypto
- How does Genesis' bankruptcy filing affect the Grayscale Bitcoin Trust ($GBTC)? (etf.com)
- Rubin Miller, "I've personally never encouraged investors to own Bitcoin, but I don't think Bitcoin investors are stupid." (fortunesandfrictions.com)
Companies
- Why Apple ($AAPL) has, so far, avoided mass layoffs. (wsj.com)
- Google Search is at-risk from ChatGPT, or something like it, because it has let its core product devolve. (readmargins.com)
- Amazon's ($AMZN) AWS is planning to build new data centers in Virginia. (marketwatch.com)
- Frank's story didn't add even before JP Morgan Chase ($JPM) got involved. (nytimes.com)
- The offshore oil drilling business is booming. (wsj.com)
Policy
- Why the Fed would have to take the trillion dollar coin. (ft.com)
- Economists are still trying to figure out where the missing workers went. (msn.com)
- How Social Security claiming has changed over time. (papers.ssrn.com)
- Five insights from "Barred: Why the Innocent Can’t Get Out of Prison" by Daniel Medwed. (nextbigideaclub.com)
- Mandatory seatbelt laws save lives. (papers.ssrn.com)
Economy
- Derek Thompson, "Today, the U.S. labor market seems, by some measures, quite strong, and yet the tech and media industries are bleeding." (msn.com)
- Big tech industry layoffs grab the headlines but it is not translating into the broader unemployment numbers. (tker.co)
- Services inflation has yet to meaningfully turn down. (wsj.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- What everyone clicked on last week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)