Quote of the Day
"We all know how great Nvidia is. It’s the king of the market, and history has not been kind to the kings. Once you get to the top of the mountain, so to speak, there’s nowhere to go but down..."
(Michael Batnick)
Index funds
- How index funds have changed demand for large cap stocks. (klementoninvesting.substack.com)
- Research Affilitiates is launching the Deletions ETF ($NIXT) which will buy index deletions. (mutualfundobserver.com)
Apple
- David Pierce, "Apple Pay is one of the most Apple-y Apple products the company has ever shipped." (theverge.com)
- People want to copy Apple ($AAPL) products but not Apple the company. (asymco.com)
Sports business
- Topgolf Callaway ($MODG) is splitting into two separate companies. (frontofficesports.com)
- How the WWE has doubled earnings over the past five years. (johnwallstreet.com)
- Can new, high profile events bring track into the sports consciousness? (sportico.com)
Manufacturing
- The U.S. industrial economy looks different than it did four years ago. (noahpinion.blog)
- How the manufacturing construction boom is playing out across the country. (apricitas.io)
Economy
- Weekly initial unemployment claims ticked lower. (priceactionlab.com)
- More evidence that American economy is stalling. (bonddad.blogspot.com)
- Has gasoline demand in the U.S. peaked? (bloom berg.com)
Earlier on Abnormal Returns
- Longform links: no room for error. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: an essential skill. (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)
