Quote of the Day
"Interest rates aren’t the sole cause of bubbles, much to the chagrin of the Fed haters of the world."
(Ben Carlson)
Markets
- The FTSE 100 Index has risen above 8,000 points for the first time ever. (bloomberg.com)
- Bitcoin is at its highest level since June 2022. (theblock.co)
Companies
- Cory Doctorow, "In its nearly 25-year history, Google has made one and a half successful products: a once-great search engine and a pretty good Hotmail clone. Everything else it built in-house has crashed and burned." (theatlantic.com)
- Finding a good retail CEO is tough these days. (nytimes.com)
- AI requires a lot of semiconductors. (howardlindzon.com)
Private assets
- Why private equity needs much better valuations. (ft.com)
- Why where investors mark the portfolios can be all over the place. (axios.com)
Funds
Economy
- What does a 'no landing' economic scenario look like? (kyla.substack.com)
- Still no sign of a pick up in weekly initial unemployment claims. (calculatedriskblog.com)
- The road to disinflation is bumpy. (apricitas.io)
- There are a near-record number of housing units currently under construction. (calculatedrisk.substack.com)
- How commuting explains a reluctance to return to the office. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: renewables growth. (abnormalreturns.com)
- Congrats to Ben on ten years of 'A Wealth of Common Sense.' (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: money as a tool. (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)
