Quote of the Day
"The hardest risks for organizations to hedge are the ones they can’t envision. Even financial institutions in the very business of pricing risk are vulnerable to what they don’t see coming."
(Ben Cohen)
Strategy
- Knowing when a recession will hit doesn't help you much when it comes to timing the stock market. (bloomberg.com)
- Cash is not a passive investment. (disciplinefunds.com)
Attention
- The stock market regularly hypes up new market narratives. (investmenttalk.substack.com)
- The economy is always uncertain. (milehighfinanceguy.com)
- Don't give your attention away for free. (kyla.substack.com)
Companies
- The luxury goods sector seems unstoppable. (ft.com)
- Why first-time homebuyers are flocking to new homes. (axios.com)
Weight loss
- The major weight loss drugs are not uniformly covered by insurance. (bloomberg.com)
- New data show Eli Lilly’s ($LLY) Mounjaro will likely get approval as a weight loss treatment. (biopharmadive.com)
Data
- How data brokers get your personal information. (slate.com)
- Do you really want Apple ($AAPL) to know your mental health? (theverge.com)
Sports betting
- How Fanatics plans to tackle the sports gambling market. (wsj.com)
- DraftKings ($DKNG) is launching its own video streaming service. (frontofficesports.com)
Economy
- The U.S. economy is facing any number of headwinds. (ritholtz.com)
- The trend in weekly initial unemployment claims is higher. (bonddad.blogspot.com)
- Falling inventories dragged Q1 GDP down to 1.1%. (econbrowser.com)
- Services are now driving higher inflation. (nytimes.com)
- Why higher inflation deflates consumer confidence. (klementoninvesting.substack.com)
Earlier on Abnormal Returns
- Longform links: an unprecedented opportunity. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the power of inertia. (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)
