Quote of the Day
"Freedom is the great promise of capitalism, but it has also enshrined productivity as a virtue in order to achieve that aim."
(Lawrence Yeo)
Chart of the Day
Megacaps have outperformed small caps by nearly 20% YTD. (chart via @ycharts)
Markets
- A deluge of T-bills is coming. (wsj.com)
- Why merger arbitrage is become more difficult in this environment. (finance.yahoo.com)
Strategy
- Is this a new bull market? Does it matter? (awealthofcommonsense.com)
- Arguments about 'recessions' don't really matter to investors. (disciplinefunds.com)
Work
- Are headsets, like the Vision Pro, the future of remote work? (drorpoleg.com)
- Employees don't like it when a company rescinds its promise of permanent remote work. (wsj.com)
- Work is about more than just money. (businessinsider.com)
Housing
- Should we expect 6-7% mortgages going forward? (calculatedriskblog.com)
- Home buying math is bad right now, but will it be any better a year from now? (bloomberg.com)
Economy
- Wholesale used car prices are down 7.8% year-over-year. (calculatedriskblog.com)
- How much longer can the jobs economy defy the rest of the economy? (bloomberg.com)
Earlier on Abnormal Returns
- Personal finance links: inevitable course corrections. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: intangible value. (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
- Casey Newton, "Twitter’s decaying policy and enforcement systems have proven to be enticing for other social platforms." (platformer.news)
- Twitter has debunked what its CEO has says about the 'Twitter Files.' (techdirt.com)
- Do we really want Google, Facebook, Twitter, Youtube to educate our children? (wheresyoured.at)
- Meta's ($META) Instagram has a pedophile problem. (wsj.com)
- Social media platforms are not built forever. (wired.com)
