Quote of the Day
“I think it’s a tragedy that garbage is free and news is behind paywalls. I don’t want to make that worse.”
(Nilay Patel)
Fund management
- There is no escaping the math on leveraged ETFs. (linkedin.com)
- Why CITs are cheaper than mutual funds. (crr.bc.edu)
Technology
- AWS is spinning up an Nvidia ($NVDA) competitor using its own chips. (wsj.com)
- Meta ($META) is reportedly investing $10 billion in subsea cables. (techcrunch.com)
Musk
- SpaceX could soon be the world's most valuable startup with a $350 billion valuation. (finance.yahoo.com)
- Elon Musk's Tesla ($TSLA) pay package was rejected, again. (theverge.com)
- Fidelity marked up its valuation of X. (techcrunch.com)
Russia
- Putin's fingerprints are all over forced adoptions from Ukraine. (reuters.com)
- Why Russia continues to back the Assad regime. (theatlantic.com)
- Ukraine is struggling to keep the power on as Russia continues to target civilian infrastructure. (reuters.com)
Economy
- Quits and job openings are down year-over-year. (calculatedriskblog.com)
- The U.S. economy is still pretty dynamic, for now. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Research links: non-traded vehicles. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: loving clients' problems. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
