Quote of the Day
"Wisdom is the ability to pursue what you love and ignore what you don’t. Wealth provides that freedom."
(Tom Morgan)
Chart of the Day
The S&P 500 hasn’t seen a better start to the year since 1997. (via @charliebilello)
Markets
- The spread between the 10-year Treasury and the dividend yield on the S&P 500 is at its highest level since 2007. (capitalspectator.com)
- A successful restaurant IPO doesn't imply a green light for big VC-backed tech IPOs. (theinformation.com)
Strategy
- A well thought out investment philosophy will save you a lot of trouble. (awealthofcommonsense.com)
- An up market is not an excuse to check your 401(k) balance. (wsj.com)
Finance
- A profile of the acquisitive CEO of Nasdaq ($NDAQ) Adena Friedman. (wsj.com)
- Banks are making less money on overdraft fees. (nytimes.com)
AI
- Trying to guide AI innovation from the top-down isn't going to work. (noahpinion.blog)
- AI models need human-generated content to thrive. (semafor.com)
- How do drive-thru customers feel about an AI taking their order? (wsj.com)
Economy
- The Fed won't stop until they are convinced inflation is dead and buried. (disciplinefunds.com)
- Term spreads around the globe are inverted. (econbrowser.com)
- Lumber prices are down some 25% year-over-year. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Podcast links: a big disappointment. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: internet sleuthery. (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)
