Quote of the Day
"While investing has gotten “easier,” beneath the simple mouse clicks and user-friendly interfaces lies a complex world that we cannot lose sight of or ignore."
(Joshua J. Myers)
Markets
- The equity risk premium in the U.S. keeps falling. (economist.com)
- Blame Big Tech for the surfeit of tech IPOs. (klementoninvesting.substack.com)
- Charlie Bilello, "Calm markets don’t make great investors." (creativeplanning.com)
Meme stocks
- How Hertz ($HTZ) became a blueprint for future meme stocks. (youngmoney.co)
- Reddit doesn't seem to be driving this round of meme stocks. (msn.com)
- Timing is everything when it comes to investing. (ft.com)
Activist investors
- Activist investors are struggling to find targets these days. (wsj.com)
- Why Engine No. 1 has been quiet, post-ExxonMobil ($XOM). (ft.com)
Bonds
- Just how real are fears about the 'maturity wall'? (ft.com)
- In defense of ratings agencies. (economist.com)
ESG
- S&P Global ($SPGI) is dropping ESG considerations from its credit ratings. (barrons.com)
- The backlash against ESG is working. (etf.com)
- Companies are rebranding their ESG efforts. (axios.com)
Amazon
- Amazon ($AMZN) is cutting a slew of house brands. (wsj.com)
- Amazon ($AMZN) is cracking down on return to the office. (theinformation.com)
- Amazon ($AMZN) may become an anchor investor in the Arm Holdings IPO. (reuters.com)
ESPN
- Disney ($DIS) and Penn Entertainment ($PENN) have big ambitions for ESPN Bet. (frontofficesports.com)
- Of course ESPN is diving deeper into sports betting. (msn.com)
- ESPN is going to have to figure out an employee gambling policy. (frontofficesports.com)
Economy
- July CPI came in at 3.2% year-over-year. (calculatedriskblog.com)
- A look at the components of the July CPI report. (bonddad.blogspot.com)
- Americans are sitting on a lot of home equity. (tker.co)
Earlier on Abnormal Returns
- Longform links: invisible gestures. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: bad financial habits. (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)
