Quote of the Day
"Cash is a useful asset. It is unaffected by market volatility. You can buy things with it. It is easy to withdraw when needed. Unfortunately, cash loses value over time."
(Charles Rotblut)
Chart of the Day
Large cap tech stocks have been outperforming small caps for awhile now.
Markets
- Small and mid-cap stocks have badly lagged large caps. (awealthofcommonsense.com)
- This week was a good example why you should never be positioned for extremes. (theirrelevantinvestor.com)
- Why you should avoid big investment shifts. (humbledollar.com)
Trading
- Brett Steenbarger, "The best traders evolve." (traderfeed.blogspot.com)
- Why cycles of speculation keep happening. (investmenttalk.co)
Analysis
- Why throwing in the towel on a stock is so difficult for analysts. (investmentecosystem.com)
- On the tradeoff between maintaining a core of competence vs. exploring new areas. (compounderspod.substack.com)
Crypto
- Why the jury in the SBF case came so quickly to a verdict. (theringer.com)
- Barry Ritholtz talks with Zeke Faux author of "Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall." (ritholtz.com)
Policy
- Why continuing to raise the RMD age is a mistake. (crr.bc.edu)
- The U.S. healthcare system is increasingly difficult to navigate for patients. (vox.com)
- It's not just migrants from Latin and South America showing up on the southern border. (wsj.com)
- Five insights from "Economics in America: An Immigrant Economist Explores the Land of Inequality" by Angust Deaton. (nextbigideaclub.com)
- 24 charts showing the world is getting better. (fullstackeconomics.com)
- Corporations have always been against social change. (currentaffairs.org)
Economy
- The Sahm rule did not trigger in October 2023. (stayathomemacro.substack.com)
- How the current post-Covid economy resembles the post-WWII economy. (ritholtz.com)
- Rate hikes are working. (disciplinefunds.com)
- Signs of life in rail and intermodal traffic. (calculatedriskblog.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last 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)
