Quote of the Day
"I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of generative AI."
(Ken Griffin)
Chart of the Day
It’s taken awhile but Japan’s stock market is slowly approaching all-time highs. (chart via The Economist)
Markets
- The S&P 500 is top-heavy because profits are top-heavy. (bloomberg.com)
- Stop blaming individual investors for sentiment swings. (klementoninvesting.substack.com)
Strategy
- Are international stocks worth the bother? (morningstar.com)
- If the SEC is cracking down, why bother with crypto at this point? (vox.com)
Apple
- It may not look like it now, but the Vision Pro is the future. (om.co)
- Apple ($AAPL) quietly keeps improving the Mac. (macworld.com)
- Why the Vision Pro will flop. (wired.com)
Finance
- Why Franklin Templeton ($BEN) is on an acquisition spree. (wapo.st)
- Citadel Securities wants to update its AI game. (theinformation.com)
Fund management
- What stocks anti-ESG funds tend to hold. (morningstar.com)
- Calamos is getting into the ETF game. (ft.com)
Venture capital
- The time between Series A and Series B is increasing. (news.crunchbase.com)
- A review of some recent unicorn sightings. (news.crunchbase.com)
Economy
- Weekly initial unemployment claims are back to October 2021 levels. (calculatedriskblog.com)
- This measure says the economy is not in recession. (carsongroup.com)
- The Bank of Canada is not done raising rates. (bnnbloomberg.ca)
Earlier on Abnormal Returns
- Longform links: write interesting things. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: inevitable course corrections. (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)
