Quote of the Day
"Although a wait-and-see approach sounds reasonable, no one knows how long it takes for rate increases to work their way through the economy’s bloodstream."
(Rogé Karma)
Chart of the Day
July has been a pretty good month historically for the stock market.
Markets
- By this measure, the stock market is at record-high concentration. (axios.com)
- It's been awhile since we had a 2% stock market drop. (carsongroup.com)
Strategy
- Investing is planning. (mrzepczynski.blogspot.com)
- Why you shouldn't care what other investors or the markets are doing. (safalniveshak.com)
Companies
- Monster Beverage ($MNST) is unique not only for its stock performance. (kyla.substack.com)
- How Starbucks ($SBUX) devalued its brand. (hbr.org)
Finance
- SpaceX is doing a tender at a $210 billion valuation. (bloomberg.com)
- A24 just raised a new round of capital. (hollywoodreporter.com)
Global
- Shipping rates on the rise again. (sherwood.news)
- Can India continue to take share in manufacturing from China? (nytimes.com)
- Why Gulf States are building data centers in the desert. (sherwood.news)
- Russia is engaging in tactics that involve high casualties. (nytimes.com)
Economy
- Continuing unemployment claims are heading higher. (bonddad.blogspot.com)
- Inflation is in your face, while wages gains hide behind the scenes. (ritholtz.com)
- Nobody really knows how monetary policy works. (theatlantic.com)
Earlier on Abnormal Returns
- Longform links: epistemic humility. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: financial stress. (abnormalreturns.com)
- Some reasons why being online is so exhausting these days. (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)
