Quote of the Day
"Pursuing excellence is, at its core, retaining respect, compassion and empathy for others even in pursuit of being your best, and, sometimes, winning."
(Brad Stulberg)
Chart of the Day
30-year mortgage rates are firmly back in the 6% range. (chart via Freddie Mac)
Markets
- This proposed ETF filing top ticked the market. (allstarcharts.com)
- Has the tech momentum trade fully unwound yet? (ft.com)
Strategy
- Forecasting interest rates is just as hard as forecasting the stock market. (awealthofcommonsense.com)
- The stock market has always found a group of stocks that fit a 'new paradigm.' (alphaarchitect.com)
Bitcoin
- A “strategic bitcoin reserve” is an absurd idea. (theovershoot.co)
- A strategic 'Bitcoin reserve' doesn't solve any real problem. (sherwood.news)
- There's no guarantee the government buying Bitcoin would permanently raise its price. (wsj.com)
AI
- AI bubble? The case for and against. (sherwood.news)
- Microsoft ($MSFT) is spread its AI bets around. (ft.com)
- Add Lumen Technologies ($LUMN) to the AI frenzy. (marketwatch.com)
- Joe Weisenthal and Tracy Alloway talks with Goldman Sachs Chief Information Officer, Marco Argenti about how the bank uses AI. (podcasts.apple.com)
- OpenAI has seen an exodus of talent. (spyglass.org)
Companies
- Nasdaq ($NDAQ) want to purge itself of sub-$1 stocks. (wsj.com)
- Callaway ($MODG) is not happy with TopGolf performance. (frontofficesports.com)
- Etsy ($ETSY) is at odd with artisans on the platform. (semafor.com)
- Delivery is replacing the corporate cafeteria. (axios.com)
Earlier on Abnormal Returns
- Podcast links: busting investment myths. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: significant severance costs. (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)
