Quote of the Day
"It takes discipline to put your phone down and go to sleep."
(Ryan Holiday)
Chart of the Day
Household net worth continues to grow as a percentage of disposable income.
Strategy
- Is the small cap premium dead? (awealthofcommonsense.com)
- Home bias illustrated: the case of Canadian investors. (bnnbloomberg.ca)
- The financial markets are noisy. You need a path through. (marknewfield.substack.com)
Companies
- Accenture ($ACN) is making bank on generative AI. (sherwood.news)
- Walgreens ($WBA) is closing hundreds of U.S. stores. (axios.com)
- First Solar ($FSLR) has been a big winner. (fastcompany.com)
Sports
- Youth sports in America has become a nightmare. (slowboring.com)
- Diamond Baseball Holdings continues to gobble up minor league teams. (sportico.com)
- Major marathons are filling up, pushing runners to secondary races. (slate.com)
Economy
- The May PCE increased 2.6% year-over-year, down from a peak of 7.0%. (calculatedriskblog.com)
- Real income rose smartly in May. (bonddad.blogspot.com)
- Economic surprises are likely done getting worse YTD. (sherwood.news)
- Food prices have NOT tripled (or quadrupled) since the pandemic. (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: the money in tennis. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: epistemic humility. (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)
