Quote of the Day
"The greatest weakness of traders overall is that they are looking at the same markets, processing the same information, and trading from the same charts and ideas as others. There is very little original in their thinking or trading."
(Brett Steenbarger)
Chart of the Day
Affirm ($AFRM) is besting Coinbase ($COIN) for top performing tech stock in 2023. (chart via YCharts)
Markets
- The top 23 charts from 2023 including volatile mortgage rates. (bilello.blog)
- Cocoa, Solana, and uranium had a good year. (ft.com)
Strategy
- 10 questions for 204 including 'What happens to all the cash on the sidelines?' (awealthofcommonsense.com)
- 23 ideas from 2023 including 'Kind>Clever.' (safalniveshak.com)
Finance
- The bond market rally is helping to repair Schwab's ($SCHW) balance sheet. (riabiz.com)
- The 10 biggest VC funding rounds of 2023 including Anthropic. (news.crunchbase.com)
Economy
- Claudia Sahm, "It’s been a painful ride since Covid slammed into us, and we turned the corner in 2023." (stayathomemacro.substack.com)
- Weekly initial claims continue to bounce along the bottom. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: intellectual humility. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: maximizing returns. (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)