Quote of the Day
"The best reading strategy I’ve come across is the idea of a wide funnel and tight filter."
(Morgan Housel)
Chart of the Day
The bounce back in FANG stocks is real (and spectacular). (via @bespokeinvest)
Markets
- The stock market hates rising inflation. (mrzepczynski.blogspot.com)
- The 60/40 portfolio was supposed to be dead. (marketwatch.com)
Strategy
- Owning an index means you will own the market's biggest winners. (awealthofcommonsense.com)
- It's easy to make up stories about the past. The future not so much. (mrzepczynski.blogspot.com)
Apple
- The XR industry is on hold until Apple ($AAPL) ships something. (venturebeat.com)
- Only Apple ($AAPL) can save AR. (theverge.com)
Finance
- Online banks took deposit share from regional banks. (wsj.com)
- Don't confuse your payment app with a bank account. (cnn.com)
Hedge funds
- The world's biggest multi-strategy hedge funds are paying up big time for talent. (finance.yahoo.com)
- This startup hedge fund is unique a strategy to bring on multiple strategies. (finance.yahoo.com)
Fund management
- Jacob Soll, "In the end, ESG is just another name for moral considerations in capitalism." (politico.com)
- This mutual fund company is essentially betting it all on one company. (morningstar.com)
- High-cost bond funds are a losing proposition. (humbledollar.com)
- Here come the AI-focused ETFs. (wsj.com)
Ukraine
- The Pentagon is paying for Starlink terminals in Ukraine. (latimes.com)
- How Europe blunted the use of natural gas as a weapon by Putin. (msn.com)
Policy
- Who gains from corporate tax cuts? (papers.ssrn.com)
- The American birth rate is still below the replacement rate. (wsj.com)
- Society has yet to come to terms with increasing longevity. (ft.com)
- Grandparents are not the solution to the child care crisis. (bloomberg.com)
- Why you get so many e-mails from politicians you have never heard from. (businessinsider.com)
- The Sacklers are going to get away with it. (statnews.com)
Economy
- Economic data doesn't move in straight lines. (tker.co)
- Heavy truck sales were up sharply in May. (calculatedriskblog.com)
- An increasing number of home sellers are offering concessions. (thebasispoint.com)
- Immigrants and women are leading the labor economy recovery. (washingtonpost.com)
- 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)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
