Quote of the Day
"Financial markets are complex, adaptive systems from which even the most advanced models may struggle to separate the signal from the noise."
(Phil Huber)
Chart of the Day
(finance.yahoo.com)Crypto
- 2022's crypto blowups happened really quickly as institutions rushed through the door. (chicagofed.org)
- Michael Lewis' book on SBF, “Going Infinite: The Rise and Fall of a New Tycoon” is coming in October. (nytimes.com)
Companies
- Why is Apple ($AAPL) is pushing forward with its mixed reality headset? (washingtonpost.com)
- What exactly is IBM ($IBM) these days? (herbgreenberg.substack.com)
- Alphabet ($GOOGL) shareholders had some relief from its AI announcement. (finance.yahoo.com)
Mutual funds
- On average, higher fee bond mutual funds underperform. (morningstar.com)
- The past 10 years has not been kind to the largest actively managed mutual funds. (citywire.com)
AI
- AI could help unbundle research and writing. (every.to)
- Why the Hollywood writer's strike matters for AI. (theatlantic.com)
Global
- Greece's economy is on the mend. (ft.com)
- Putin's war accelerated the de-Russification of Ukraine. (washingtonpost.com)
Default
- The U.S. has had some close calls with default. (axios.com)
- What is at-risk with a potential federal default. (ofdollarsanddata.com)
Economy
- National homebuilder confidence has stopped going down. (calculatedriskblog.com)
- Industrial production keeps getting revised lower. (bonddad.blogspot.com)
- Why the Fed may not be having much effect on inflation. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Research links: the urge to pick stocks. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: gaining trust. (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)