Quote of the Day
"When we’re overwhelmed with observations in a complex world, we cherry-pick the most attractive evidence to appease our simple, story-loving minds."
(Morgan Housel)
Chart of the Day
What historically happens after a strong start to the stock market year.
Markets
- Wall Street strategists views on the market can differ in the short and long term. (tker.co)
- You can't take historical stock market statistics to the bank. (awealthofcommonsense.com)
Crypto
- Bitcoin had a good week. (axios.com)
- Why everybody and their brother submitted a spot Bitcoin ETF application this week. (riabiz.com)
Companies
- Nvidia's ($NVDA) valuation has gotten ahead of itself. (aswathdamodaran.blogspot.com)
- Business at Boeing ($BA) and Airbus is booming. (wsj.com)
Retail
- Dollar stores are attracting a more upscale crowd these days. (wsj.com)
- Why are vape shops popping up everywhere? (msn.com)
Philanthropy
- Warren Buffett has donated another big slug of Berkshire Hathaway ($BRK.B) to charity. (reuters.com)
- Charities are relying less and less on small donors. (axios.com)
India
- There are structural forces pushing the U.S. and India closer. (noahpinion.blog)
- Google is investing $10 billion in India's digitisation fund. (economictimes.indiatimes.com)
- Amazon ($AMZN) is spending $15 billion more to build out AWS in India. (techcrunch.com)
- Remittances are a big deal in India. (edition.cnn.com)
Policy
- You can't solve the housing problem in the U.S. without zoning reform. (wsj.com)
- Samuel Alito took a luxury fishing trip with Paul Singer who had a case for the Supreme Court. (propublica.org)
- How the current Supreme Court abuses the shadow docket. (washingtonmonthly.com)
- The Pregnant Workers Fairness Act will soon take effect. (axios.com)
Economy
- Where various recession probability models stand. (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Why we all need regular doses of Vitamin O, i.e. optimism. (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)
