Quote of the Day
"Statistics, like indicators for any organization, are the means by which leaders evaluate the outcomes of their decisions. With a shrinking set of increasingly unreliable metrics, countries are impoverishing their own ability to make the right calls at critical moments of uncertainty."
(Danny Crichton)
Markets
- The S&P 500 returned 2.24% in in July 2024. (on.spdji.com)
- The first day of the month is historically positive, except for August. (quantifiableedges.com)
Fund management
- High yield muni bond funds are high yield for a reason. (morningstar.com)
- Bond ETFs are booming. (citywire.com)
Meat
- Jeff Malec sits down with Jeff Apel, principal at Wharton Capital Management, to dive deep into the current cattle market. (podcasts.apple.com)
- It now takes less feed to mature hogs. (wsj.com)
- There's one best way to cook bacon. (foodandwine.com)
Media
- Venture capitalists can't stop talking...on podcasts. (bloomberg.com)
- The attention economy has been in the making for a long time. (theatlantic.com)
- Talent continues to exit the Washington Post. (axios.com)
Tariffs
- Canada is facing 35% tariffs, with the rest of the world facing a 10% base tariff. (axios.com)
- The legality of Trump tariffs are still working their way through the courts. (ritholtz.com)
- America's companies are pulling every lever to offset tariff costs. (bloomberg.com)
- Zachary Karabell, "This trade war has been unnecessary and ineffective at doing much other than disrupting global trade. But now at least it’s over." (edgyoptimist.substack.com)
Economy
- Negative revisions highlight a weak July NFP report. (calculatedriskblog.com)
- The July NFP was 'flat to awful.' (bonddad.blogspot.com)
- Instantaneous core inflation is ticking higher again. (econbrowser.com)
- Trump always wants lower rates. (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: unplanned greatness. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: a checklist existence. (abnormalreturns.com)
- Our Q&A with Nick Maggiulli, author of "The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life." (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
