Quote of the Day
"Is increased complexity the path to better performance, or would investors be better off if they simply removed a few things?"
(Ted Lamade)
Chart of the Day
The two-year Treasury has been below the Fed Funds rate for awhile now. (chart via YCharts)
Strategy
- Who are you going to bet on? Hedge funds or retail traders? (monevator.com)
- The case for focusing on fewer things. (collabfund.com)
Crypto
- Stablecoin issuers have Tether envy. (sherwood.news)
- Another crypto-based prediction betting market is coming online. (sherwood.news)
Trading
- Stocks and ETFs will soon be priced in half-cent increments. (fa-mag.com)
- Why Citadel Securities chose to not become a primary dealer. (ft.com)
Startups
- On the difference between 'founder mode' and 'founder syndrome.' (backofmind.substack.com)
- The EU lags in every measure of startups. (ft.com)
- China's startup ecosystem is in free fall. (axios.com)
Economy
- Weekly initial unemployment claims are hanging in there. (bonddad.blogspot.com)
- Why the Fed went 50bp. (disciplinefunds.com)
- What does a 100bp drop in the Fed Fund rate mean for mortgage rates? (econbrowser.com)
- The Fed would be happy if everything stayed the same. (sherwood.news)
- Why the vibecession may be over. (sherwood.news)
Earlier on Abnormal Returns
- Longform links: feeling important. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: mistake management. (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)
