Quote of the Day
"The unemployment rate was never below 4% even once during the 1970s, 1980s or 1990s. We might never see a labor market like this again for a long time."
(Ben Carlson)
Chart of the Day
The relationship between U.S. and international stocks does not seem to be mean-reverting. (chart via @charliebilello)
Markets
- Every major asset class, except commodities, is set for an up 2023. (capitalspectator.com)
- The drop in bond yields reversed a lot of market trends. (wsj.com)
Crypto
- Coinbase ($COIN) is the 'last man standing' in the crypto space. (nytimes.com)
- Zeke Faux's "Number Go Up" isn't really a book about crypto. (marginalrevolution.com)
Finance
- The mostly highly-rated sell-side analysts work hard. (ft.com)
- Triple-levered anything can wreck your portfolio. (ft.com)
Financial media
- The financial media lapped up stories of "organized retail crime." (ritholtz.com)
- Articles on Investing.com appear suspiciously like articles previously published on other sites. (semafor.com)
- CNBC has given its onscreen ticker a makeover. (variety.com)
- Lessons learned from 37 years in financial media including 'Stock analysts are hedgehogs not foxes.' (ft.com)
Economy
- Consumers are finally pushing back against higher prices. (nytimes.com)
- Realized inflation came down faster than economists expected. (econbrowser.com)
- If you are looking for signs of weakness in the economy, here they are. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: tuning out the noise. (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)