Quote of the Day
"I believe doing nothing is the best investment decision most of the time. As long as you have a plan in place, doing nothing is perfectly rational investment behavior."
(Ben Carlson)
Chart of the Day
Can bowling, post-pandemic, be a growth business? (chart via @ycharts)
Cash
- Advisers are seeing more clients interested in cash. (etf.com)
- Higher yields are going to be a headwind for risky asset classes. (mrzepczynski.blogspot.com)
Finance
- Zero-day options make up 50% of the S&P 500 options volume. (ft.com)
- Betterment is closing two of its crypto strategies. (citywire.com)
Companies
- Amazon ($AMZN) just made a big investment in AI startup Anthropic. (axios.com)
- Post pandemic, Bowlero ($BOWL) is running into issues. (herbgreenberg.substack.com)
- Joby Aviation ($JOBY) just delivered its first vehicle to the U.S. Air Force. (flyingmag.com)
Finance
- Muni bond issuers are not free from the risks of climate change. (barrons.com)
- Longer-lived PE funds are making life difficult for pension funds. (bloomberg.com)
Global
- Greece's economy is booming. (nytimes.com)
- The war has accelerated Ukraine's demographic crisis. (wsj.com)
- How companies are de-risking their Chinese operations. (ft.com)
Economy
- These coincident indicators are not screaming recession. (econbrowser.com)
- Data revisions make policy making challenging. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Adviser links: building your bench. (abnormalreturns.com)
- Netflix's DVD-by-mail business is winding up. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
