Quote of the Day
"While there has been a partisan gap over how Americans view the economy for at least 20 years, there has never been a general gap this wide between the actual data and widespread attitudes.."
(Zachary Karabell)
Markets
- Are small caps cheap for a reason? (awealthofcommonsense.com)
- A look at the valuation of the S&P 490. (disciplinefunds.com)
- What historical bull markets say about the state of the current market. (markets.businessinsider.com)
- The states with the most Fortune 500 headquarters. (visualcapitalist.com)
Bonds
- ETFs are eating the bond market. (ft.com)
- There's not a lot of benefit to extending fixed income maturities. (morningstar.com)
Energy
- How Carlyle Group ($CG) manages a diverse portfolio of energy assets. (ft.com)
- The Biden administration wants to top up the Strategic Petroleum Reserve. (sherwood.news)
Restaurants
- McDonald's ($MCD) has a pricing problem. (sherwood.news)
- Starbucks ($SBUX) CEO is up against it. (on.ft.com)
- Chipotle ($CMG) is reminding stores to serve 'generous portions.' (nbcnews.com)
- How AI can help restaurants manage their businesses. (semafor.com)
Housing
- Case-Shiller home prices increased 5.9% year-over-year through May. (calculatedriskblog.com)
- Why home prices will support lower inflation numbers down the road. (bonddad.blogspot.com)
- Where housing inventory is increasing the fastest. (fastcompany.com)
Earlier on Abnormal Returns
- Research links: organizational edge. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: loving encouragement. (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)
Mixed media
- Despite all the hype, white men still have an advantage in hiring. (bloomberg.com)
- Weidman et al., "A good manager is someone who consistently causes their team to produce more than the sum of their parts." (papers.ssrn.com)
- Why startup founders are prone to feel shame. (also.roybahat.com)
- What to do when you encounter an a**hole in the wild. (wggtb.substack.com)
