Quote of the Day
"Ultimately, of all the problems an economy can have, the success of a company like Novo Nordisk is a good one to have."
(James Surowiecki)
Chart of the Day
The stock market bottomed a year ago (or so). (chart via @ycharts)
Bonds
- The bond market is going through its worst bear market in history. [correct link] (awealthofcommonsense.com)
- American household are buying up Treasuries. (ft.com)
Equities
- Why are consumer-focused stocks doing so poorly? (wsj.com)
- Are corporate profit margins set for another leg up? (tker.co)
Companies
- The impact of the weight loss drugs is still underplayed. (joshbarro.com)
- Should insurance pay for Ozempic? (scientificamerican.com)
- How worried should Denmark be about the success of Novo Nordisk ($NVO)? (theatlantic.com)
Goldman Sachs
- Goldman Sachs ($GS) really wants out of the consumer lending business. (wsj.com)
- Goldman Sachs ($GS) wants you to pay more attention to its money management business. (bloomberg.com)
- How Goldman's deal for Greensky went wrong, so quickly. (fintechnexus.com)
- How much Goldman Sachs ($GS) made from the Birkenstock ($BIRK) IPO. (ft.com)
Finance
- The global banking business is doing just fine, thank you. (axios.com)
- Charles Schwab's ($SCHW) bank is still leaking deposits. (advisorhub.com)
- Sports is a bright spot in M&A this year. (wealthmanagement.com)
Global
- The UK's financial markets are dying on the vine. (ft.com)
- Working in Hong Kong is no longer worth the risk for many companies. (wsj.com)
- Qatar helped facilitate the return of four abducted Ukrainian children. (nytimes.com)
- Why rebuilding Ukraine will be such a big challenge. (wsj.com)
Economy
- Home sales have fallen off the table in 2023. (wsj.com)
- Higher interest rates will eventually affect consumer activity. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: picking up the phone. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was clicking on last week. (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
- Om Malik, "As social media platforms increasingly shift from human interactions to algorithms, it’s no surprise that we all feel overwhelmed by internet noise." (om.co)
- Five insights from "Writing for Busy Readers: Communicate More Effectively in the Real World" by Todd Rogers and Jessica Lasky-Fink. (nextbigideaclub.com)
- Can you really trust any photograph these days? (wired.com)
