Quote of the Day
"I like to say, the hardest day to invest is always today and the May 2023 version of today is no different."
(Ted Seides)
Markets
- Bank stocks used to be boring to trade. Not any more. (wsj.com)
- Companies have not not shy about buying back stock YTD. (wsj.com)
Apple
- Apple ($AAPL) is going to work more closely with Broadcom ($BRCM) on 5G chips. (wsj.com)
- Microsoft ($MSFT) is in the lead on AI. What's Apple's ($AAPL) next move? (stratechery.com)
- Why Apple ($AAPL) is seemingly lagging in AI. (macworld.com)
China
- U.S. venture capitalists have a China problem. (theinformation.com)
- China's youth unemployment rate is on the rise. (ft.com)
- The China-U.S. decoupling is happening. (noahpinion.blog)
Global
- Shares in the Adani Group have bounced back from their Hidenburg Research lows. (nytimes.com)
- Russia's neighbors increasingly disapprove of its 'leadership.' (semafor.com)
- Startups are using the Ukraine war as a test case for better, interative technologies. (nytimes.com)
Debt debate
- Roger Lowenstein, "The looming American debt crisis is politically contrived." (nytimes.com)
- Melissa Kearney and Luke Pardue, "Spending on programs that serve low-income families with children makes up a relatively small share of federal outlays and has high social returns." (econofact.org)
Housing
- Why aren't housing prices lower? (disciplinefunds.com)
- Nearly 2/3 of outstanding mortgages have a sub-4% rate. (calculatedrisk.substack.com)
- Why so many people feel locked out of the housing market. (businessinsider.com)
Earlier on Abnormal Returns
- Personal finance links: solved problems. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: costly bond funds. (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)
Mixed media
- Five insights from "The Good Enough Job: Reclaiming Life from Work" by Simone Stolzoff. (nextbigideaclub.com)
- Laurie Santos talks with with Simone Stolzoff about the futility of finding the 'perfect job.' (pushkin.fm)
- An excerpt from "The Good Enough Job: Reclaiming Life from Work" by Simone Stolzoff. (theatlantic.com)
