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)
Chart of the Day
(paulrlamonica.substack.com)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)