Quote of the Day
"It’s ideas combining, joining, and merging, that create the modern world."
(Morgan Housel)
Chart of the Day
In the past year the stock market has gone from extreme fear to extreme greed.
Markets
- Joshua Brown, "The thing that everyone’s talking about is not always the thing that ends up mattering." (thereformedbroker.com)
- Three reasons why the stock market is higher this year. (tker.co)
- Higher yields are the biggest potential headwind for stocks. (awealthofcommonsense.com)
Strategy
- To reach the top level of a craft you have to have a passion for it. (rationalwalk.com)
- On the danger of getting addicted to 'dry powder.' (fortunesandfrictions.com)
- Just about everything works against good investor behavior. (humbledollar.com)
- Can you make your portfolio too simple? (disciplinefunds.com)
Crypto
- Annie Lowery, "Crypto is a casino, for the most part, and one without the free drinks." (msn.com)
- Blackrock ($BLK) has filed for a spot Bitcoin ETF. (coindesk.com)
Companies
- Amazon ($AMZN) CEO Andy Jassy has had a lot thrown at him in just two years. (bigtechnology.com)
- The bull case for the Apple ($AAPL) Vision Pro. (trungphan.substack.com)
- Tesla's ($TSLA) last great advantage is its charging network. (msn.com)
Policy
- Nicholas Bagley, "We need a government that can build, whether it’s wind farms or websites." (msn.com)
- EV investment is flooding into battleground states like Georgia, Michigan, Arizona, Nevada and North Carolina. (bloomberg.com)
- Cutting IRS funding reliably reduces overall tax revenue. (washingtonpost.com)
- How the GOP and big business broke up. (wsj.com)
- What the U.S. can learn from other countries' health systems including the need for universal coverage. (nytimes.com)
- The generic drug business has an anti-trust problem. (msn.com)
- Should parental leave be split down the middle? (msn.com)
- How the Confederate diaspora changed America. (papers.ssrn.com)
Economy
- The world is the most equal it has been in a century. (foreignaffairs.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this 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)
