Quote of the Day
"AI enhances remote work, and remote work enhances AI."
(Dror Poleg)
Chart of the Day
Small cap stocks, as measured by the Russell 2000, are now down YTD. (chart via @ycharts)
September 2023
- How major asset classes performed in September 2023. (capitalspectator.com)
- How factors have performed YTD. (insights.finominal.com)
- The S&P 500 dropped each week in September. (quantifiableedges.com)
Rates
- JP Morgan Chase ($JPM) is going hard for HNW deposits. (wsj.com)
- For some 5%+ yields make financial advice a tougher sell. (bloomberg.com)
Crypto
- There is no love lost between the crypto industry and SBF. (nytimes.com)
- How FTX was able to garner so much support from the Silicon Valley crowd. (wired.com)
- Author Michael Lewis was on 60 Minutes talking SBF and people have notes. (cbsnews.com)
Companies
- Rivian ($RIVN) is struggling to produce vehicles at scale at a profit. (wsj.com)
- Brian Chesky is rebuilding Airbnb ($ABNB) on the fly, including better quality control. (msn.com)
- With the writers strike over, late nite hosts are returning to the air. (cnbc.com)
Global
- The costs of the war in Ukraine are adding up for the Russian economy. (economist.com)
- Japanese household hold less equities than other countries. (ft.com)
- Buybacks are not just a U.S. phenomenon. (snippet.finance)
Economy
- American households are in pretty good financial shape. (awealthofcommonsense.com)
- Multi-family home starts are slowing. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: a bull market in advice. (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)
Mixed media
- The tendency for AI models to 'hallucinate' is not great for critical financial applications. (ft.com)
- AI is going to transform work. The question is how. (oneusefulthing.org)
- In the age of ChatGPT computer science may no longer be a 'safe' major. (msn.com)
- Good luck trying to opt out of OpenAI and the like. (theatlantic.com)
