Quote of the Day
"Social media has rewarded people for bringing a post-reality mindset to places where sincerity is expected. In other words, it’s profitable to lie. Inconsistently, often, and with brazen disregard for the consequences. And it feels wrong for important reasons."
(Seth Godin)
Chart of the Day
The relative rise in large caps stocks comes down to one thing: earnings.
Markets
- Another sign of investor optimism. (bsky.app)
- Palantir ($PLTR) stock is having a year. (sherwood.news)
- The Treasury market is recalibrating how much room the Fed has to cut. (disciplinefunds.com)
Health care
- The NIH is in the crosshairs in a Trump administration. (npr.org)
- Medicare participants are switching back to traditional Medicare later in life. (wsj.com)
- Why is the U.S. healthcare system so much worse than its peers? (hbr.org)
Voting
- Counties more dependent on government transfer payments tended to vote for Trump. (agglomerations.substack.com)
- Trump gained share in expensive, large urban areas. (noahpinion.blog)
Policy
- Spam calls are down 50% since 2021, per the FTC. (sherwood.news)
- Not every Republican is on board for blowing out the deficit. (wsj.com)
- How to actually make government more efficient. (persuasion.community)
- Why are cities still spending big on new convention centers? (nytimes.com)
- A great reminder that the political situation can change on a dime. (city-journal.org)
Economy
- Household finances are in good shape. (tker.co)
- Q4 GDP is tracking in the 2% range. (calculatedriskblog.com)
- Is inflation ready to pick back up again? (apolloacademy.com)
- Has the term spread lost its ability to forecast GDP growth? (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)







