Quote of the Day
"What makes the American economy truly exceptional, and has been the case for more than a century, is an openness to risk and innovation, and our many institutions that support risk-taking—by making it more profitable and limiting downside risk."
(Allison Schrager)
Markets
- Why this is different than the GFC. (morningstar.com)
- Markets are discounting lower future cash flows. (ritholtz.com)
- What would earnings have to do to justify the move down? (klementoninvesting.substack.com)
Strategy
- Why you need a plan, now more than ever. (fortunesandfrictions.com)
- What to do during a stock market downturn. (obliviousinvestor.com)
- It's okay to feel anxious. You are human. (safalniveshak.com)
ETFs
- Buffered ETFs have done what they said they were going to do. (morningstar.com)
- Why maximizing yield via options selling can backfire for an ETF. (jeffreyptak.substack.com)
- Fidelity is launching new muni bond ETFs. (etf.com)
A Minecraft Movie
- “A Minecraft Movie” is a bone fide hit. (variety.com)
- Expect to see even more movies based on hit video games. (spyglass.org)
- The movie did well despite poor to middling reviews. (sherwood.news)
Economy
- A hard stop to consumer and business spending could cause a recession. (optimisticallie.com)
- Things were slowing even before the tariff talk. (ft.com)
- What metrics to watch to see a recession coming. (calculatedriskblog.com)
- This model shows a real risk of recession. (econbrowser.com)
- The recession is already here for areas along the Canadian border. (theatlantic.com)
Earlier on Abnormal Returns
- Adviser links: in times like these. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
