Quote of the Day
"It is okay to discuss about what’s happening in the world – in fact it might just be a requirement to keep people invested – but we should talk about markets far more than we do anything."
(Joe Wiggins)
Markets
- Commodity prices have stopped going down. (entrylevel.topdowncharts.com)
- TIPS are one again outperforming. (allstarcharts.com)
Strategy
- Why are U.S. stocks seemingly so expensive? (theirrelevantinvestor.com)
- Why do investors keep forecasting stuff that doesn't matter? (behaviouralinvestment.com)
Finance
- The UBS deal for Credit Suisse has worked out pretty well, so far. (investmentnews.com)
- Indexing is a good business. (ft.com)
Global
- The Bank of Japan raised interest rates for the first time in 17 years. (semafor.com)
- Good luck trying to pick the best performing global stock market over time. (monevator.com)
Housing
- Last year was rough for home buyers. (ft.com)
- Mortgage rates are flat year-over-year. (bonddad.blogspot.com)
- There is a divergence between single-family and multi-family housing starts. (calculatedriskblog.com)
- Single-family home inventory is on the rise. (calculatedrisk.substack.com)
Economy
- The number of business applications is booming. (americanprogress.org)
- Expectations for a June rate cut are fading. (capitalspectator.com)
- 3% seems to be the bottom for CPI. (apolloacademy.com)
Earlier on Abnormal Returns
- Research links: assessing quant models. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- What is wrong with this picture? How your charitable intentions can get co-opted after you are gone. (abnormalreturns.com)
- Adviser links: a competitive game. (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)