Quote of the Day
"The key difference between food and stocks is we don’t know the shelf life of a stock when we buy it...Some businesses will age like a fine wine and others like raw fish left on a kitchen counter."
(Ian Cassel)
Chart of the Day
Ark Innovation ETF ($ARKK) owners would have been better off in a like index fund. (chart via YCharts)
Banking
- The number of bank branches in the U.S. peaked in 2012. (sherwood.news)
- Where SVB's business stands as JP Morgan ($JPM) looks to make inroads. (bloomberg.com)
ETFs
- Where active ETFs are growing fastest. (morningstar.com)
- The iShares Bitcoin ETF ($IBIT) is a runaway hit. (theblock.co)
- Retail investors trade leveraged ETFs way too much. (klementoninvesting.substack.com)
TikTok
- The clock is now ticking for a TikTok divestiture. (theverge.com)
- Does TikTok have a legal case to overturn the divestiture bill? (sherwood.news)
- Even if TikTok survives, it is likely to be damaged. (spyglass.org)
- Why creators (and businesses) need to diversify their platforms. (eater.com)
- What happened when India banned TikTok (apnews.com)
Ukraine
- How aid to Ukraine will help the situation on the ground. (vox.com)
- How aid to Ukraine will flow through the U.S. economy. (finance.yahoo.com)
- How life goes on in the embattled city of Kharkiv, Ukraine. (nytimes.com)
China
- China residential real estate transactions are down dramatically. (apolloacademy.com)
- China has a glut of traditional auto manufacturing plants. (nytimes.com)
- China isn't afraid of wind power. (bloomberg.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: knowing what you want. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: changing market equilibria. (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)