Quote of the Day
"The “vibecession” that has confounded economists for the past two years is finally behind us."
(Conor Sen)
Chart of the Day
Growth vs. value was not a fair fight in 2023. (chart via YCharts)
Markets
- Every yield curve steepening is different. (integratinginvestor.com)
- What panic looks like in real-time. (investmenttalk.co)
Strategy
- Forecast all you want, but unexpected stuff will happen in 2024. (awealthofcommonsense.com)
- Michael reviews his ten predictions from 2023 including Bitcoin prices. (theirrelevantinvestor.com)
Banks
- JP Morgan Chase ($JPM) is going earn nearly 20% of U.S. bank profits in 2023. (thinkadvisor.com)
- Citigroup ($C) trades at a big valuation discount to its competitors. (bloomberg.com)
Companies
- The New York Times ($NYT) sued OpenAI and Microsoft ($MSFT) over copyright infringement. (cnbc.com)
- Is Amazon ($AMZN) going to be able to sell cars online? (wsj.com)
- The e-commerce boom is over. (gothamgal.com)
ETFs
- The year in ETFs including the rise of active ETFs. (theetfeducator.com)
- Are options-related ETFs going to continue to see growth in 2024? (etf.com)
Earlier on Abnormal Returns
- Personal finance links: maximizing returns. (abnormalreturns.com)
- What you missed in our Tuessday linkfest. (abnormalreturns.com)
- Research links: replacing anomalies. (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)
Mixed media
- 9 big scientific breakthroughs in 2023 including malaria and RSV vaccines. (theatlantic.com)
- 52 interesting things learned in 2023 including 'Almost 75% of all films from the golden age of silent films (1912-1929) have been lost.' (kottke.org)
- 81 things learned in 2023 including 'Mice and rats can’t vomit.' (msn.com)