Quote of the Day
"Every corporation and organization in the world is going to spend 2023 coming up with its AI strategy."
(Josh Brown)
Chart of the Day
The yield curve, 10 year-3 months, has been inverted for a quarter now. (FRED via @Greenbackd)
Crypto
- Some crypto miners are sitting on valuable electricity contracts. (ft.com)
- The crypto bottoming keeps gaining momentum. (coindesk.com)
Companies
- Josh Brown, "If you were the CEO or CFO of a Fortune 500 company, why wouldn’t you project caution right now?" (thereformedbroker.com)
- What you can learn about enterprise spending from Microsoft's ($MSFT) earnings. (tomtunguz.com)
- Why Google ($GOOGL) should fear the DOJ's case. (axios.com)
- Ryan Broderick, "It’s hard to overstate how existentially threatening OpenAI is to companies like Google and Meta (and, soon enough, every other platform on the web)." (garbageday.email)
Work
- Worker engagement has fallen, post-pandemic. (npr.org)
- Firing remote workers is complicated. (nytimes.com)
- There's nothing cool about 'quiet quitting.' (bloomberg.com)
- Layoffs don't just affect the people who lost their jobs. (annehelen.substack.com)
- When professional success doesn't translate into satisfaction. (hbr.org)
Funds
- A rising percentage of ETF trades occur off-exchange. (ft.com)
- Vanguard has continued to attract new assets despite ongoing customer service issues. (riabiz.com)
- How do active managers justify their own work? (evidenceinvestor.com)
- Invesco ($IVZ) is closing 20 ETFs. (pionline.com)
Global
- Why France is pushing back against raising the retirement age. (msn.com)
- Some surprising facts about Japan. (noahpinion.substack.com)
Economy
- The debt ceiling debate is ridiculous. (pragcap.com)
- Some rookie data mistakes that new economists make. (econbrowser.com)
Earlier on Abnormal Returns
- Personal finance links: one set of rules. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: an investing lifetime. (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)
