Quote of the Day
"The current valuations in tech are not wrong, but it would be irrational to assume they’re not creating some unknown (potentially significant) risks that we don’t know about."
(Cullen Roche)
Chart of the Day
The S&P 500 is up some 25% since the Fed started hiking rates. (chart via @charliebilello)
Markets
- Momentum thrusts have to burn out at some point. (mrzepczynski.blogspot.com)
- Nothing compares to the Nasdaq Internet bubble. (theirrelevantinvestor.com)
Strategy
- Small advantages, consistently applied compound over time. (fortunesandfrictions.com)
- How to use TIPS in your portfolio. (morningstar.com)
Health
- Why Eli Lilly's ($LLY) Alzheimer's treatment is controversial. (axios.com)
- CVS ($CVS) has a generics problem. (bloomberg.com)
- Continuous glucose monitors are going OTC. (theverge.com)
Economy
- June CPI came in below expectations. (calculatedriskblog.com)
- Why headline inflation could soon drop below 3.0%. (bonddad.blogspot.com)
- Looking at retail sales two ways. (econbrowser.com)
- Existing home sales are at multi-decade lows. (fastcompany.com)
Earlier on Abnormal Returns
- Personal finance links: freedom and wealth. (abnormalreturns.com)
- Father time is undefeated: on the impact of cognitive decline on financial outcomes. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: problematic concentration. (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)
