Quote of the Day
"If I were Fed chief I’d be communicating an end to hikes and a halt in the balance sheet run off. This would send a strong signal to the bond market that it’s time to stop letting rates climb."
(Cullen Roche)
Bonds
- Traders are buying the dip in the iShares 20+ Year Treasury Bond ETF ($TLT). (wsj.com)
- Be wary shifting too much of your money into bonds. (humbledollar.com)
Strategy
- Calling for a crash will work at some point, but what happens in the meantime? (awealthofcommonsense.com)
- 11 lessons learned about investing including 'You are not the next Warren Buffett.' (alchemy.substack.com)
- How your gut steers you wrong when it comes to the markets. (contessacapitaladvisors.com)
Finance
- Would you trust Elon Musk (and X) with your entire financial life? (theverge.com)
- When private equity firms sue each other. (axios.com)
- Do covered call fund buyers know what they own? (thestreet.com)
Song royalties
- Was the music investing boom a ZIRP phenomenon? (wsj.com)
- 12 predictions for the future of song royalty ownership. (honest-broker.com)
AI
- AI can't replace human kindness. (tker.co)
- The AI investing boom is going to break a lot of hearts. (ft.com)
- Meet the kids dropping out of college to start AI companies. (wsj.com)
- How the LLMs compare. (sacra.com)
Federal debt
- How worried should you be about the budget deficit? (blairbellecurve.com)
- The U.S. missed an opportunity to lock in near-zero interest rates on the country's debt. (ritholtz.com)
Retirement
- On the prospects for a federal auto-IRA program. (investmentnews.com)
- Why full retirement ages are going to have to rise. (econlib.org)
Policy
- In praise of a competent, well-funded bureaucracy. (noahpinion.blog)
- Why international tax evasion has fallen. (newyorker.com)
- We are likely not enforcing antitrust laws rigorously enough. (klementoninvesting.substack.com)
- The U.S. military has yet to come to terms with its sexual assault problem. (slate.com)
- Of course Clarence Thomas never fully paid off the $267,000 RV loan. (npr.org)
Economy
- The Fed is on the verge of breaking something. (disciplinefunds.com)
- Some cracks are showing in the consumer economy. (bloomberg.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
