Quote of the Day
"Good ideas rarely come in meetings, or even at your desk. They come to you in the shower. On a walk. On your commute, or hanging out on the weekend."
(Morgan Housel)
Chart of the Day
The iShares Bitcoin Trust ETF ($IBIT) has surpassed the Grayscale Bitcoin Trust ($GBTC) in AUM. (chart via YCharts)
Markets
Strategy
- It's easier to get your foot on the first rung of the stock market ladder than the housing ladder. (awealthofcommonsense.com)
- In the short term, TIPS aren't that great a hedge against inflation shocks. (rogersplanning.blogspot.com)
- The market has always been rigged, just not in the way you think. (allstarcharts.com)
- You can't eat backtested returns. (wsj.com)
Finance
- Penn Entertainment ($PENN) has attracted an activist investor. (sportico.com)
- A backlash against PE in health care is brewing. (wsj.com)
- Bowlero ($BOWL) has a bowling problem. (jacobin.com)
Cities
- Phoenix is struggling to keep up with rising heat-related deaths. (politico.com)
- Why the census is likely under counting population in cities like Detroit. (washingtonpost.com)
- By this measure, no U.S. downtown has returned to pre-pandemic traffic levels. (apolloacademy.com)
Policy
- The U.S. should be more strategic about its immigration policy. (msn.com)
- How this small intelligence agency outperforms the CIA. (vox.com)
- Everyone agrees non-consensual porn generated by AI is a problem. Can Congress do anything about it? (politico.com)
- The IRS' Direct File program is going national. (cnbc.com)
- The real 'deep state' resides on K Street. (theatlantic.com)
Housholds
- Consumer price push back is here. (npr.org)
- The American consumer is going to start making some choices. (downtownjoshbrown.com)
- American households are sitting on a lot of untapped home equity. (awealthofcommonsense.com)
Economy
- Disinflation is not dead. (disciplinefunds.com)
- An economics PhD is no longer a 'need to have' to enter the inner circle of the Federal Reserve. (ft.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
