Quote of the Day
"Treating options writing as a form of passive income isn't the worst finance grift out there, but it's very irritating."
(Byrne Hobart)
Chart of the Day
Why Eli Lilly ($LLY) and Novo Nordisk ($NVO) are offering discounts on weight-loss drugs. (chart via YCharts)
Markets
- The U.S. stock market is up 35 of the past 52 weeks. (sherwood.news)
- The U.S. is 26% of global GDP. The stock market makes up 63% of global market cap. (mailchi.mp)
The Fed
- It's not unusual for the Fed to cut rates when stocks are at an all-time high. (awealthofcommonsense.com)
- We give the Fed way more credit than they deserve. (aswathdamodaran.blogspot.com)
- Fed members talk WAY too much these days. (x.com)
Companies
- How Sonos ($SONO) bungled its new app so badly. (bloomberg.com)
- Ten thoughts on the CEO transition at Nike ($NKE). (huddleup.substack.com)
Wordpress
- Wordpress powers a big chunk of the Internet. (sherwood.news)
- Automattic CEO and WordPress co-creator Matt Mullenweg is at war with WP Engine. (techcrunch.com)
Economy
- Inflation stung, but wages are now outpacing price growth. (optimisticallie.com)
- Don't expect much lower mortgage rates absent a recession. (bloomberg.com)
- The services economy is far outpacing manufacturing. (sherwood.news)
- The apartment building boom is coming to an end. (axios.com)
Earlier on Abnormal Returns
- Adviser links: making a mistake. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
