Quote of the Day
"High prices are necessary but not sufficient in order for something to be a bubble. You need speculation. You need euphoria. You need perception to be completely dislocated from reality."
(Michael Batnick)
Alternatives
- Private market access funds are all the rage. (morningstar.com)
- Alternative assets are not all that alternative. (integratinginvestor.com)
- Will music royalties turn out to be a worthy investment? (wired.com)
Asset allocation
- How various asset classes performed during a recession. (morningstar.com)
- Achieving these three portfolio goals simultaneously is tough. (mrzepczynski.blogspot.com)
Crypto
- Binance is in crisis management mode. (wsj.com)
- Even experienced crypto people can get scammed. (avc.com)
Companies
- Microsoft ($MSFT) is staring down big costs to use OpenAI models. (theinformation.com)
- Investors are heavily favoring companies with successful weight loss drugs. (wsj.com)
Finance
- Private debt funds are on pace to raise more than $200 billion in new capital in 2023. (axios.com)
- What is the Treasury futures basis trade, and should we be worried? (ft.com)
- Vanguard is launching two new actively managed bond ETFs. (etf.com)
- Zero-day options trading is driving CBOE ($CBOE) stock higher. (allstarcharts.com)
ESG
- Despite the hype, ESG isn't going away. (caia.org)
- Do you want Vivek Ramaswamy voting your proxies? (riabiz.com)
Streaming
- Some one is going own 100% of Hulu, the only question is price. (ft.com)
- Why ads are now the norm on streaming services. (fastcompany.com)
- The audience for network television keeps skewing even older. (nytimes.com)
Housing
- Housing prices are high, but are they in a bubble? (theirrelevantinvestor.com)
- Case-Shiller shows a 1% increase in home prices year-over-year through July. (calculatedriskblog.com)
- The bifurcation between new and existing home sales continues. (bonddad.blogspot.com)
Economy
- Economic anxiety isn't going anywhere. (morningstar.com)
- How politics broke consumer sentiment measures. (econlib.org)
Earlier on Abnormal Returns
- Research links: keeping things simple. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: building your bench. (abnormalreturns.com)
- Netflix's DVD-by-mail business is winding up. (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)
