Quote of the Day
"Normalizing the funds rate will be tricky when the neutral rate is unknown, the data are noisy, and historical relationships remain less relevant."
(Claudia Sahm)
Chart of the Day
Housing stocks have been anticipating a Fed rate cut. (chart via YCharts)
Strategy
- Buying the dip isn't easy, or particularly profitable. (ft.com)
- How to cultivate patience as a long-term investor. (safalniveshak.com)
- Demographics are not destiny when it comes to the stock market. (ofdollarsanddata.com)
Big Tech
- Amazon ($AMZN) orders workers back into the office five days a week. (arstechnica.com)
- Despite higher capex, Microsoft ($MSFT) is raising its dividend and re-upping its stock buyback program. (reuters.com)
Venture capital
- Putting an estimate on startup mortality rates. (avc.xyz)
- For VCs their portfolio is their brand. (hunterwalk.com)
Russia
- One million people have been killed or injured in the Ukraine war. (wsj.com)
- Meta ($META) is banning RT and related entities. (nytimes.com)
- How Russia avoids sanctions in order to sell stolen Ukrainian grain. (wsj.com)
Economy
- The case for a 50bp rate cut. (stayathomemacro.substack.com)
- August saw a rebound in industrial production. (bonddad.blogspot.com)
- Why lower rates may not move the needle on the housing market. (bloomberg.com)
- Americans keep starting small businesses in record numbers. (sherwood.news)
Earlier on Abnormal Returns
- Research links: being early. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: going back to work. (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)
