Quote of the Day
"The Federal Reserve has become the bear in the China shop."
(Barry Ritholtz)
Markets
- When markets get volatile and chaotic, there's often no benefit to moving first. (thereformedbroker.com)
- 0DTEs now dominate S&P 500 options trading. (marketwatch.com)
- Corporate profit margins are coming in, but not all that quickly. (tker.co)
Strategy
- Investing off headlines is a fool's errand. (theirrelevantinvestor.com)
- Don't try to invest like Yale, unless you have Yale-like resources. (wsj.com)
- How to avoid the siren song of past returns. (creativeplanning.com)
Silicon Valley Bank
- Regulators have shuttered Silicon Valley Bank. (cnbc.com)
- How Silicon Valley Bank reached insolvency. (netinterest.co)
- Silicon Valley Bank didn't have a Chief Risk Officer for most of 2022. (nongaap.substack.com)
- How rising interest rates have hurt bank balance sheets. (ft.com)
- The Fed's actions are finally filtering through the economy. (disciplinefunds.com)
Finance
- When does earnings smoothing turn into accounting fraud? (wsj.com)
- Some SPAC deals are still getting done. (news.crunchbase.com)
Global
- Great Britain's life expectancy has flatlined. (economist.com)
- Amsterdam is sick of hard-partying tourists. (wsj.com)
- Why do Chinese billionaires keep disappearing? (bbc.com)
Economy
- Job growth continued in February despite a tick up in the unemployment rate. (calculatedriskblog.com)
- The February NFP showed jobs deceleration. (bonddad.blogspot.com)
- Who's going to lose their job to bring inflation? (stayathomemacro.substack.com)
- Home equity withdrawals are slowing. (calculatedrisk.substack.com)
- RV sales are in reverse. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: the flexible work economy. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: confused chatbots. (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)
