Quote of the Day
"It’s not unlikely Azure’s AI products could achieve a multi-billion dollar run rate by the end of the year."
(Tomasz Tunguz)
Chart of the Day
What does the difference between cap-weighted and equal-weighted indices tell us about the stock market? (chart via @ycharts)
First Republic
- First Republic ($FRC) shows the banking crisis isn't over yet. (axios.com)
- First Republic ($FRC) is contemplating major asset sales. (bloomberg.com)
- First Republic ($FRC) is no longer in charge of its future. (axios.com)
Finance
- The bloom is off the private equity rose. (economist.com)
- A lot of SPAC-funded companies are running out of cash. (wsj.com)
- Bonds are increasingly being trade on electronic exchanges. (ft.com)
- On the differences between being a sell-side and buy-side analyst. (klementoninvesting.substack.com)
Ads
- There's billboards, and then there's electronic billboards. (wsj.com)
- Why ads on Apple TV+ are inevitable. (macworld.com)
5G
- How big an upgrade is 5.5G over 5G? (wsj.com)
- Verizon ($VZ) is beginning to boost rural data speeds. (theverge.com)
Economy
- With everything thrown at the U.S. economy why hasn't it tipped into recession? (theirrelevantinvestor.com)
- Rapidly falling diesel prices point to an economic slowdown. (wsj.com)
- Falling box sales point to slowing online sales. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: the power of inertia. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: deploying AI. (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)
