Quote of the Day
"When the best assets are hoarded by private equity firms, venture capitalists, sovereign-wealth funds, and family offices, the IPO market gets the leftovers."
(Craig Coben)
Strategy
- Leveraged and inverse ETFs can help magnify your mistakes. (wsj.com)
- Are public markets now a dumping ground for marginal companies? (on.ft.com)
Fraud
- Nikola founder Trevor Milton, whose attorney is the brother of the attorney general, just received a pardon for securities fraud. (wsj.com)
- Easier rules on crypto, means easier money laundering. (slate.com)
Apple
- Who could Apple ($AAPL) buy to get a leg up in AI? (spyglass.org)
- How the iPhone is set to give us radically more energy efficient windows. (wsj.com)
Beverages
- Americans still love soda. (theatlantic.com)
- Why QSRs are focused on fun, flavored sodas. (cnbc.com)
- Gen Z is drinking their coffee differently. (fastcompany.com)
Economy
- The February PCE ticked higher to 2.8% year-over-year. (calculatedriskblog.com)
- Real income and spending are still in expansionary mode. (bonddad.blogspot.com)
- Stagflation is not off the table. (stayathomemacro.substack.com)
- How Americans have been scarred by higher inflation. (macroeconomicpolicynexus.substack.com)
Earlier on Abnormal Returns
- Podcast links: hidden risks. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: ecological dead zones. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)
