Quote of the Day
"The first half of 2023 was a reminder that no matter who you are as an analyst, and how well thought through your investment thesis is, the market has other plans."
(Aswath Damodran)
Markets
- A look at all the signs of risk-on behavior. (wsj.com)
- Some clues that showed the way to a better 2023 for the stock market. (carsongroup.com)
- Microsoft's ($MSFT) stock is at an all-time high. (cnbc.com)
- The VIX is at it lowest post-Covid level. (axios.com)
Cash
- Cash often looks best, when it is the worst investment. (thisisthetop.substack.com)
- Reinvestment risk is real. (peterlazaroff.com)
Finance
- Distressed debt investors have more inventory coming down the pike. (bloomberg.com)
- Nasdaq ($NDAQ) is hitting pause on its crypto custody plans. (coindesk.com)
- Oddity Tech ($ODD) priced above the range. (wsj.com)
Venture capital
- Is the venture capital model based on predatory pricing? (businessinsider.com)
- New startups have a limited amount of time to dig a moat. (notboring.co)
ETFs
- How the Innovator US Equity Principal Protected ETF is different. (ft.com)
- A single-stock ETF now has more than $1 billion in AUM. (etf.com)
Tesla
- Tesla's ($TSLA) board is having to repay $735 million after being sued. (arstechnica.com)
- What is Tesla's ($TSLA) self-driving technology worth, if anything? (ft.com)
Food
- Chipotle ($CMG) is now targeting smaller towns. (wsj.com)
- America loves hot dogs. Why don't more fast food restaurants serve them? (marketwatch.com)
- Dairy Queen rules the ice cream roost around most of the country. (axios.com)
- There is a truce in the 'Taco Tuesday' wars. (wsj.com)
Global
- Britain is a developing country. (sambowman.co)
- Japan has started to increase retirement ages. (asia.nikkei.com)
Housing
- There are few houses for sale. That's why homebuilders are booming. (wsj.com)
- Falling rents are baking in lower inflation down the road. (bloomberg.com)
- Your home should reflect you, not HGTV. (washingtonpost.com)
Economy
- The Citi U.S. economic surprise index is soaring. (axios.com)
- What the inverted yield curve is really telling us. (disciplinefunds.com)
Earlier on Abnormal Returns
- Personal finance links: unfair comparisons. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the promise of outperformance. (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)
