Quote of the Day
"Great traders, like great sports teams, have multiple ways of winning under varying conditions and circumstances."
(Brett Steenbarger)
Chart of the Day
Equal weighted indices are just now getting near to all-time highs. (chart via YCharts)
Markets
- What's driving stock market returns? (awealthofcommonsense.com)
- Just how sticky is the $6 trillion sitting in money market mutual funds? (bloomberg.com)
Strategy
- Joshua Brown, "When too many learn the same game and it gets very easy to both play and teach to friends, the game breaks." (downtownjoshbrown.com)
- Don't let any single asset distract you from your overall portfolio. (mutinyfund.com)
- Base rates matter. (onveston.substack.com)
Streaming
- Walmart ($WMT) is buying TV maker Vizio ($VZIO). (cnbc.com)
- Why Roku ($ROKU) stock is struggling. (hollywoodreporter.com)
- Disney ($DIS) is a winner when it comes to licensing content. (hollywoodreporter.com)
ESG
- Why Wall Street giants are backing away from climate pledges. (nytimes.com)
- Another sign of peak ESG. (snippet.finance)
Global
- How Russia continues to sell its oil on the global market. (wsj.com)
- Ukraine will have a landmine problem for years to come. (wired.com)
- Saudi Arabia is spending like crazy. (wsj.com)
Economy
- State coincident indicators are not great. (capitalspectator.com)
- The yield curve is STILL inverted. (econbrowser.com)
Earlier on Abnormal Returns
- Research links: incremental risks. (abnormalreturns.com)
- Adviser links: helping clients feel secure. (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)