Quote of the Day
"Let’s make sure we tell people that we care about them."
(Ryan Holiday)
Chart of the Day

Is the Fed making a big policy mistake? (chart via The Capital Spectator)
Markets
- There is no one-for-one relationship between inflation, interest rates and the stock market. (awealthofcommonsense.com)
- Berkshire Hathaway ($BRK.A) doesn't pay a dividend, but owns plenty of stocks that do. (npr.org)
- Can the stock market rally if financials are looking ugly? (allstarcharts.com)
Apple
- Despite recent efforts, Apple ($AAPL) is still heavily reliant on China. (ft.com)
- Another sign that the Mac is gaining market share. (daringfireball.net)
Autos
- Despite overall profitability, Ford ($F) lost some $722 million in Q1 selling EVs. (nytimes.com)
- Detroit is still making bank on big pickups and SUVs. (wsj.com)
Finance
- Real estate technology startups are feeling the pain of the VC and CRE cycle. (theinformation.com)
- Is AI going to displace private equity analysts? (axios.com)
Streaming
- Why ad-supported, free streaming services are succeeding. (theverge.com)
- Binge or not to binge, that is the question for streaming services. (wsj.com)
- Peacock viewers love watching new NBCUniversal movie releases. (deadline.com)
Global
- The UK is coming to terms with what it lost in Brexit. (msn.com)
- Shuli Ren, "It has become increasingly difficult for people offshore, even those of us living in Hong Kong, to find out what China or its companies are up to." (bloomberg.com)
Economy
- The April ADP employment report came in way above expectations. (calculatedriskblog.com)
- How the banking crisis could affect the broader economy. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: the need to impress. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: effective ETF strategies. (abnormalreturns.com)
- A list of the best investing blogs of 2023, including Abnormal Returns. (thecollegeinvestor.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)