Quote of the Day
"Again, fundamental value is a floor on stock price, but not a ceiling. If you think that a stock is overvalued, you can’t do anything to force it down to fair value."
(Matt Levine)
Chart of the Day
Good luck trying to pick the best performing global stock market.
Markets
- The VIX and credit spreads are both near multi-year lows. (entrylevel.topdowncharts.com)
- Everybody loves gold. (barrons.com)
Companies
- GE's ($GE) split into three companies is now complete. (axios.com)
- Tesla's ($TSLA) inventory numbers are on the rise. (finance.yahoo.com)
Sports
- Silver Lake is taking Endeavor ($EDR) private. (variety.com)
- Liberty Media ($FWONK) is taking control of MotoGP. (hollywoodreporter.com)
Technology
- Data security provider Rubrik has filed to go public. (tomtunguz.com)
- Can open source AI models compete against the OpenAIs of the world? (bloomberg.com)
Economy
- Justin Wolfers, "Psychologists describe anxiety disorders as occurring when the panic you feel is out of proportion to the danger you face. By this definition, we’re in the midst of a macroeconomic anxiety attack." (nytimes.com)
- The February JOLTS report shows a stable jobs market. (bonddad.blogspot.com)
- Business enthusiasm is on the rise. (apolloacademy.com)
Earlier on Abnormal Returns
- Research links: crowdsourced bias soup. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: getting really clear. (abnormalreturns.com)
- Better investors make fewer decisions. (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)