Quote of the Day
"You can almost guarantee that the biggest financial risk today is something that you and I and every newspaper and every Twitter account is not talking about."
(Morgan Housel)
Chart of the Day
Fund managers are now lining up to file for a spot Ether ETF. (chart via @ycharts)
Markets
- Share buybacks are down some 15% YTD. (advisorperspectives.com)
- Managed futures are struggling to keep up YTD. (rcmalternatives.com)
The Big Seven
- It's not surprising that a handful of stocks are driving the market. (etf.com)
- Portfolio managers won't outperform if they get it wrong about the biggest seven stocks. (capitalallocators.com)
Strategy
- Market regimes change, whether you like it or not. (brklyninvestor.com)
- Why so few people succeed at trading for a living. (wggtb.substack.com)
Finance
- The Apple ($AAPL) Card savings account now has more than $10 billion in assets. (techcrunch.com)
- Property and casualty companies in the U.S. are struggling. (ft.com)
- Why Doomberg is giving up on Twitter. (doomberg.substack.com)
- Twitter wants to add stock trading capability inside the app. (semafor.com)
- Twitter trolls are upping their game to garner the same amount of engagement. (salon.com)
Hollywood
- Google's ($GOOGL) YouTube is going to win the Hollywood strike. (theinformation.com)
- The Hollywood strikes will eventually hit movie theaters. (msn.com)
- It's hard to see a way forward for Hollywood. (newyorker.com)
Recession
- It's hard to see a recession in the data outside of industrial production. (econbrowser.com)
- A soft landing is becoming the base case. (nytimes.com)
- Why the U.S. economy didn't go into recession this year. (theatlantic.com)
- Why economic perceptions have been so negative. (epsilontheory.com)
Economy
- Heavy truck sales are at a record high in the U.S. (calculatedriskblog.com)
- Gasoline prices are back on the rise. (politico.com)
- Americans are warming to the idea of putting their houses on the market. (bloomberg.com)
Earlier on Abnormal Returns
- Longform links: the case for optimism. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: treated with kindness. (abnormalreturns.com)
- Make a plan for your stuff, before someone else has to. (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)
