Quote of the Day
"Money can do a lot of things, but the laws of physics and biology supersede the almighty Dollar."
(Kyla Scanlon)
Chart of the Day
Nearly two-thirds of outstanding mortgages have a 4.0% rate or lower.
Rates
- Mortgage rates are at levels not seen since 2001. (axios.com)
- Global government bond yields are at 15-year highs. (finance.yahoo.com)
Markets
- Valuations don't matter in the short term. (theirrelevantinvestor.com)
- Forecasting is hard, the GMO edition. (ft.com)
Companies
- Verily is setting the stage for a spinoff from Alphabet ($GOOGL). (theinformation.com)
- The city of San Francisco is struggling. Its companies are thriving. (bloomberg.com)
Pharma pricing
- Blue Shield of California is kicking CVS Health's PBM ($CVS) to the curb. (wsj.com)
- Cost Plus Drugs is highlight the inequities in current pharma pricing practices. (herbgreenberg.substack.com)
Weight loss
- How the GLP-1 agonists, Wegovy and Ozempic, came into existence. (nytimes.com)
- Nobody is really sure how the major weight loss drugs actually work. (wsj.com)
ETFs
- Invesco ($IVZ) doesn't really make much money from the giant Invesco QQQ Trust ($QQQ). (bloomberg.com)
- Unlimited Funds is planning to launch more hedge fund tracking ETFs. (marketwatch.com)
- Times are tough for marijuana-related ETFs. (etf.com)
- How options income ETFs are marketed. (economist.com)
- On the prospects of a spot Bitcoin ETF. (morningstar.com)
Economy
- Any single economic data point is filled with noise. (ritholtz.com)
- Vehicle manufacturing is holding up industrial production. (bonddad.blogspot.com)
- Weekly initial unemployment claims are hanging around near their lows. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: the beef industry. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: making big decisions. (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)
