Quote of the Day
"Investors crave predictions because uncertainty is unbearable when your hard-earned money is on the line."
(Conor Feldman)
Markets
- Small cap stocks still look cheap relative to large caps. (morningstar.com)
- What do you get when you combine momentum and quality? (downtownjoshbrown.com)
Finance
- Citigroup ($C) is now getting out of the distressed debt trading business. (finance.yahoo.com)
- Banks are clawing to hold onto a chunk of the leveraged lending market. (bloomberg.com)
- Sweden's stock market may cut back their trading hours. (finance.yahoo.com)
Global
- Russia is ladling incentives on home ownership. (wsj.com)
- Ukraine is now the world leader in sea drones. (nytimes.com)
- The regime in China really hates Richard Gere. (marginalrevolution.com)
Work
- The cubicle is making a comeback. (nytimes.com)
- Work schedules are now all out of step. (timharford.com)
- Why hasn't remote work freed up time for workers to do fun stuff? (bloomberg.com)
Economy
- Still no meaningful uptick in weekly initial unemployment claims. (bonddad.blogspot.com)
- Checking in on ten big economic questions for 2023. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: existential ramifications. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: closing out the year. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly adviser-focused newsletter. (newsletter.abnormalreturns.com)