Quote of the Day
"We are largely secret trend-following investors not admitting how much past performance matters to ourselves or others, and absent the aspects that makes capturing such trends work."
(Joe Wiggins)
Chart of the Day
The performance gap between the cap and equal-weighted S&P has grown in 2023. (chart via @ycharts)
Markets
- CTAs are positioned short U.S. equities. (allstarcharts.com)
- Technology stocks are once again leading. (allstarcharts.com)
Strategy
- When your portfolio is your biggest worry, you are lucky. (theirrelevantinvestor.com)
- We make worse decisions under stress. Why the financial media industrial complex is built to stress us out. (klementoninvesting.substack.com)
- Shorting is not the mirror image of going long. (ritholtz.com)
- Why we are all trend followers at heart. (behaviouralinvestment.com)
Companies
- Companies are finding that running AI models is expensive. (wsj.com)
- Cubefabs wants to assemble semiconductor fabs in a new way. (fastcompany.com)
Earlier on Abnormal Returns
- Research links: an attractive business model. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: choosing to work. (abnormalreturns.com)
- Sub-3% mortgage rates are now a distant memory. (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
- Why fake news on Israel-Gaza is rampant on Twitter. (businessinsider.com)
- Dropping headlines has made Twitter worse. (slate.com)
- Twitter stopped using software to identify organized misinformation efforts. (theinformation.com)
- There is an opening for Threads if they want to take it. (platformer.news)
- The case for not supporting this version of Musk-owned Twitter. (danieldrezner.substack.com)
