Quote of the Day
"Panic-selling is not a decision of intelligence. It’s temperament."
(Jesse Cramer)
Chart of the Day
The batch of recent IPOs have been struggling of late. (chart via @ycharts)
Cash
- 5% yields on cash are great, but they are not permanent. (awealthofcommonsense.com)
- What you need to know about cash in your brokerage account. (monevator.com)
- Too many people are missing out on higher cash yields. (thisisthetop.substack.com)
Active management
- There's very little evidence in favor of active management. (mathinvestor.org)
- Why finding a successful active manager is so difficult. (tker.co)
- SPIVA reports keep telling the same story. (evidenceinvestor.com)
- Cathie Wood’s Ark Investment Management has earned more than $300 million in fees on $ARKK. (ft.com)
Companies
- Berkshire Hathaway ($BRK.A) keeps loading up on Occidental Petroleum ($OXY) shares. (rationalwalk.com)
- Weight Watchers ($WW) is hedging its bets with a drug option. (wsj.com)
- Big Tech is scaling back its menu of perks. (wsj.com)
- How Barnes & Noble turned things around. (npr.org)
Finance
- U.S. exchanges continue to dominate when it comes to new listings. (economist.com)
- Why Silicon Valley Bank ($SIVB) is spiraling. (ft.com)
- The costs of anti-ESG legislation are adding up. (institutionalinvestor.com)
Bond ETFs
- Investors now have more single-bond, or T-bill, ETF options. (etf.com)
- The Vanguard Short-Term Tax-Exempt Bond ETF ($VTES) has launched. (etf.com)
Ukraine
- Ukraine is turning down the offer of support from Afghan fighters. (semafor.com)
- The U.S. is having a hard time keeping up with ammunition manufacturing. (washingtonpost.com)
- Ukrainian society is more united than before the war. (theconversation.com)
Economy
- A half point Fed rate hike is again on the table. (axios.com)
- The number of open construction jobs has fallen dramatically. (axios.com)
- Older workers are a surprising source of home health care workers. (wsj.com)
- The Fed is targeting the labor market, which is already paying attention. (kyla.substack.com)
- Continuing claims show a weakening labor market. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: confused chatbots. (abnormalreturns.com)
- Personal finance links: the price of success. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: client demand. (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)
