Quote of the Day
"America’s problem isn’t that we lack wealth - we have enormous wealth - it’s that we’ve made our wealth invisible while letting everything visible decay in a way. We’ve inverted the formula."
(Kyla Scanlon)
Markets
- Another way to look at the concentrated stock market performance YTD. (morningstar.com)
- What to do if you think the stock market is overvalued. (alphaarchitect.com)
Finance
- Robinhood ($HOOD) isn't shy about putting prediction markets on its app. (sportico.com)
- Cantor Fitzgerald is cleaning up this year. (bloomberg.com)
Fund management
- Blackstone ($BX) is trying to be something for everyone. (bloomberg.com)
- Actively managed equity funds do better in down markets, but not enough to make up. (morningstar.com)
- Grayscale is seeing outflows from its two big ETFs. (etf.com)
Food
- Higher beef prices are pushing consumers towards chicken. (axios.com)
- How much coffee and steak prices are up this year. (econbrowser.com)
- Fermented foods are having a moment. (wsj.com)
- Sweetgreen ($SG) is struggling. (cnbc.com)
- Chobani is crushing it. (fooddive.com)
Global
- The U.S. has plenty of problems, Europe has their own. (noahpinion.blog)
- What would happen in Venezuela after Maduro? (theatlantic.com)
- Nobody knows how much gold China’s central bank has purchased this year. (ft.com)
- China is struggling to reverse it's baby bust. (bloomberg.com)
- Russia is militarizing its education system. (wsj.com)
Economy
- The return of student loans are a shock to the economy. (bonddad.blogspot.com)
- Shutdown, or not, Q3 GDP is tracking strongly. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Podcast links: the human element. (abnormalreturns.com)
- Why we take our good luck for granted. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: escaping the physical world. (abnormalreturns.com)
- 16 minutes of consensus personal finance wisdom. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
