Quote of the Day
"The opposite of a trending stock market is not a choppy market. The opposite of a trending market is a rotational market."
(Brett Steenbarger)
Markets
- The case for international stocks. (whitecoatinvestor.com)
- Why Warren Buffett is looking overseas for investments. (wealthmanagement.com)
Media
- Warner Bros. Discovery ($WBD) is taking half measures when it comes to streaming. (cnbc.com)
- Music companies have hamstrung the vinyl renaissance. (tedgioia.substack.com)
- Why AI music won't dominate the charts. (ft.com)
- 'The Mandalorian' was a breath of fresh air, until it wasn't. (vox.com)
Finance
- Apple ($AAPL) has launched an online savings account. (appleinsider.com)
- Charles Schwab ($SCHW) has seen a big drop in bank deposits. (finance.yahoo.com)
- Series C fundraising rounds have fallen off the table. (news.crunchbase.com)
- First Republic ($FRC) relied on interest-only mortgages to attract and keep wealthy clients. (wealthmanagement.com)
- Bank MDs are getting called back to the office. (ft.com)
Fund management
- Why asset managers should turn down problematic investors. (theovershoot.co)
- Why successfully starting a hedge fund these days is so difficult. (netinterest.co)
- WisdomTree Investment's ($WT) biggest shareholder is open revolt against management. (ft.com)
Housing
- National homebuilder confidence has stopped going down. (calculatedriskblog.com)
- YieldStreet hasn't purchased any homes this year. (fortune.com)
- How many houses short is the U.S.? (wsj.com)
Economy
- Why is the media trying to scare everyone about a recession? (stayathomemacro.substack.com)
- The media is helping drive negative consumer sentiment. (washingtonpost.com)
- Inflation is preferable to mass layoffs. (awealthofcommonsense.com)
- Credit volatility is a big risk to the economy. (mailchi.mp)
Earlier on Abnormal Returns
- Adviser links: intentional gifting. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone else read last week on Abnormal Returns. (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)
