Quote of the Day
"Despite the growth in overall wealth, economic confidence among American households has not returned to where it was before the pandemic."
(Talmon Joseph Smith)
March 2025
- The S&P 500 returned -5.63% in March 2025. (on.spdji.com)
- How major asset classes performed in March 2025. (capitalspectator.com)
- The asset class quilt updated for Q1 performance. (novelinvestor.com)
Alternatives
Companies
- OpenAI was recently valued at $300 billion. (axios.com)
- Why xAI bought X. (wsj.com)
- An anti-vax Secretary of HHS isn't great for biotech stocks. (cnbc.com)
Rocket Companies
- What Rocket Companies ($RKT) is building with its recent acquisitions. (thebasispoint.com)
- Why Rocket's recapture rate is so high. (axios.com)
Money management
- 230 new ETFs have been launched in 2025, to-date. (investmentnews.com)
- How one asset manager is implementing AI throughout the organization. (klementoninvesting.substack.com)
Video
- If YouTube were a standalone business, it could be worth some $475 billion to $550 billion, on par with Netflix ($NFLX). (variety.com)
- Netflix's ($NFLX) 'The Electric State' was an expensive bomb. (spyglass.org)
- Amazon ($AMZN) is boosting its movie theater strategy. (nytimes.com)
- Netflix's ($NFLX) ad-supported tier is hopelessly frustrating. (sixcolors.com)
- The domestic box office is still shrinking. (axios.com)
Universities
- The university model is facing an existential threat. They aren't taking it seriously. (theatlantic.com)
- It's not just the Ivies. Even regional universities are getting caught up in funding cuts. (propublica.org)
Economy
- The March Manufacturing PMI showed contraction. (calculatedriskblog.com)
- Heavy truck sales are weakening. (bonddad.blogspot.com)
- The prospect of American tariffs are bringing strange bedfellows together. (danieldrezner.substack.com)
Earlier on Abnormal Returns
- Research links: a marketing success. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: knocking down the doors. (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)
