Quote of the Day
"What makes generative AI so tantalizing is that it has the hint of utility, the scent of a product, and as a result can be sold to the markets as the next big boom that justifies hundreds of billions of dollars of investment and increased market capitalization."
(Ed Zitron)
Markets
- The best time to prepare for a bear market is before it begins. (awealthofcommonsense.com)
- When you own $240 million of a meme stock, does it actually own you? (sherwood.news)
Companies
- Does Intel ($INTC) have a route forward? (spyglass.org)
- Weird stuff happens when a CEO controls overlapping companies. (theverge.com)
Tech
- The rubber is hitting the road with the CHIPS Act. (wsj.com)
- Why the U.S. can't build battery factories faster. (semafor.com)
- The data center boom is real. (sherwood.news)
Fund management
- Fidelity has been successful in getting ETF companies to agree to revenue sharing agreements. (bloomberg.com)
- How much in AUM do you need to justify a $10.5 billion valuation? (bloomberg.com)
- Has the 'anti-woke' investing movement peaked? (riabiz.com)
Global
- China's internet history is getting erased. (nytimes.com)
- Russia is already ramping up disinformation around the Paris Olympics. (blogs.microsoft.com)
- The scale of destruction in Ukraine is unfathomable. (nytimes.com)
- A lot of Canadians are headed for America. (marginalrevolution.com)
Economy
- Q2 GDP Nowcasts are coming down. (econbrowser.com)
- How 2024 Fed expectations have bounced around. (apolloacademy.com)
- Anger about the economy isn't really about the economy. (stayathomemacro.substack.com)
- Fed officials need to speak less. (alhambrapartners.com)
Earlier on Abnormal Returns
- Research links: a lack of guarantees. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: restoring confidence. (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)
