Quote of the Day
"(A) market-friendly resolution to this standoff is almost certainly going to require a compromise between the White House and House Republicans."
(James Surowiecki)
Chart of the Day
Four operators account for 90% of legal sports betting in the U.S. (chart via @ycharts)
Markets
- Copper prices have rolled over. (allstarcharts.com)
- Why you shouldn't go overboard with factor bets. (humbledollar.com)
Trading
- Robinhood ($HOOD) is planning to offer customers 24-hour trading. (blockworks.co)
- A new, smaller lumber futures contract is gaining volume. (wsj.com)
Venture capital
- Traditional acquihire deals are dead. What to do instead. (hunterwalk.com)
- Do markups on Seed and Series A rounds predict eventual success? (angellist.com)
ETFs
- Envestnet ($ENV) has launched its own ETFs. (fa-mag.com)
- Are hedge funds going to start launching ETFs? (ft.com)
Policy
- Zachary Karabell, "The U.S. economy remains startling dynamic even in the face of stunningly inept policymaking—for now." (time.com)
- Why inflation may here to stay, in part, because of demographic trends. (vox.com)
- Why countries will soon be clamoring for immigrants. (bloomberg.com)
- PBMs are being targeted by Congress. (vox.com)
- Texas' legislature wants to but a brake on the state's success in renewable energy. (texasmonthly.com)
- Why half of Americans are at-risk of income shortfalls in retirement. (crr.bc.edu)
Future Proof 2023
- The lineup for FutureProof 2023 was just announced. (thereformedbroker.com)
- Why FutureProof is bigger and better this year. (ritholtz.com)
Economy
- The banking crisis is doing the Fed's work for it. (tker.co)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Everybody is a creative, whether they acknowledge it or not. (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)
