Quote of the Day
"While society tells us that more money will complete us, those who actually have more money show us something else."
(Nick Maggiulli)
Chart of the Day
(cnbc.com)Markets
- Managed futures have bounced back after a rough Q1. (rcmalternatives.com)
- Using asset class return forecasts is a bad way to invest. (klementoninvesting.substack.com)
- Are commodities a broken asset class? (monevator.com)
Crypto
- With Binance, the SEC is only accelerating its crackdown on crypto. (slate.com)
- The SEC is focused on Coinbase's ($COIN) staking service. (coindesk.com)
- Crypto-enthusiasts are pulling assets from Binance. (markets.businessinsider.com)
Apple
- What is the use case for the new Apple ($AAPL) Vision Pro? (stratechery.com)
- Ten takeaways from WWDC 2023 including 'The Apple Watch keeps getting better.' (om.co)
- What game developers think about Apple's new device. (venturebeat.com)
- The Vision Pro is the opposite of prior Apple ($AAPL) innovations. (wired.com)
Sequioa Capital
- Sequoia Capital is splitting in three, based on geography. (forbes.com)
- How the Sequoia Capital split will work. (axios.com)
Economy
- The U.S. economy seems to have found a new equilibrium. (danieldrezner.substack.com)
- But the U.S. consumer may finally be faltering. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: intangible value. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: sharing your expertise. (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)