Quote of the Day
"(Y)ou will almost certainly hear more about the benefits than the risks, because the entire Wall Street ecosystem wants your money going into private equity. Wall Street banks need the private equity business to keep growing to keep paying the fees upon which they’ve come to rely."
(Bethany McLean)
Bonds
- The 2-year Treasury continues to trade below the Fed funds rate. (capitalspectator.com)
- You need to decide what you want from your fixed income allocation. (awealthofcommonsense.com)
- TIPS have a phantom income problem. (taxalphainsider.com)
Trading
- Brett Steenbarger, "The successful trader is not one with an edge, but one who has developed the ability to cultivate new and different edges." (traderfeed.blogspot.com)
- Sean McLaughlin, "The markets are a wonderful place to learn who you are. Don't let anyone tell you differently. Embrace the inputs. Don't be afraid of what you might discover." (allstarcharts.com)
Finance
- Why Nvidia ($NVDA) is investing $5 billion into Intel ($INTC). (axios.com)
- Cybersecurity company Netskope ($NTSK) is now public. (cnbc.com)
- The private equity push into retail isn't going anywhere. (wapo.st)
- When it comes to earnings data, more is better. (blogs.cfainstitute.org)
ETFs
- Man Group is launching two actively-managed bond ETFs, the Man Active High Yield ETF ($MHY) and the Man Active Income ETF ($MANI). (bloomberg.com)
- A Tuttle Capital Bonk Income Blast ETF is coming down the pike. (ft.com)
Technology
- Google's ($GOOGL) Gemini app is having a moment. (sherwood.news)
- What is Meta ($META) trying to accomplish with its Ray-Ban glasses? (spyglass.org)
- Apple ($AAPL) AirPod Pro 3s are better than ever. (wsj.com)
Economy
- Why you should expect to see the unemployment rate start ticking higher. (bonddad.blogspot.com)
- Reduced immigration doesn't make for more jobs. (wsj.com)
Earlier on Abnormal Returns
- Longform links: the intention of the author. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: seeking average performance. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
