Quote of the Day
"So much of long-term success relies on accepting and preparing for cyclicality versus assuming it can be prevented."
(Morgan Housel)
Chart of the Day
American investors are enjoying the highest short-term yields in over two decades. (chart via @ycharts)
Markets
- Industrial stocks just keep cooking. (allstarcharts.com)
- Why consumer sentiment is improving. (tker.co)
- Why single point return estimates are not all that useful. (mrzepczynski.blogspot.com)
- Why it's so easy to go down a gloom-and-doom path. (awealthofcommonsense.com)
Companies
- At what price does Disney ($DIS) stock become a bargain? (barrons.com)
- Kellogg ($K) is planning to split its business in two. (fooddive.com)
Ukraine
- Ukrainians are cutting ties with the Russian language. (washingtonpost.com)
- Why many Ukrainians didn't speak their native language. (theatlantic.com)
Public pools
- Why America stopped building public pools. (cnn.com)
- It's hard to learn how to swim without access to a pool. (nytimes.com)
- In praise of the public pool. (theatlantic.com)
Policy
- Just give every kid free school lunches. (washingtonpost.com)
- State and local governments are struggling to hire. (nytimes.com)
- Stop blaming a single factor for the rise in homelessness. (advisorperspectives.com)
- Supreme Court justices make big money from big deals and often use clerks to do research. (nytimes.com)
- Another study showing higher excess deaths in Republican areas after Covid-19 vaccines were made available. (npr.org)
- The average age of Congress keeps rising. (washingtonpost.com)
Economy
- It's hard to see a recession in this data. (econbrowser.com)
- Why the U.S. economy seems to be immune from higher interest rates. (axios.com)
- Why the U.S. is not at-risk of a dose of 1940s style inflation. (disciplinefunds.com)
- Companies are loath to cut jobs at this point in the cycle. (wsj.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)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
