Quote of the Day
"There have been 2,440 ETF launches globally this year, that's over 10 new ETFs a day. Basically every 45 minutes a new ETF is born somewhere in the world. Do with this information what you will."
(Eric Balchunas)
Chart of the Day
Consumer discretionary stocks have outperformed staples this year.
Crypto
- Bitcoin is having a rough Q4. (sherwood.news)
- Strategy ($MSTR) just keeps buying more Bitcoin. (barrons.com)
- Bitcoin-related kidnappings are no joke. (nytimes.com)
Fund management
- This may be the most cynical company in the ETF space. (jeffreyptak.substack.com)
- Public.com customers can add AI-generated 'self-directed ETFs.' (axios.com)
Big Tech
- Who bought Alphabet ($GOOGL) for Berkshire's ($BRK.A) portfolio? (kingswell.io)
- On speculation that Tim Cook could soon retire from Apple ($AAPL). (spyglass.org)
- Why Oracle ($ORCL) is underperfoming of late. (arstechnica.com)
- A closer look at share dilution at big tech companies. (apolloacademy.com)
AI
- A look at just how much money has been raised to fund the AI build out. (wsj.com)
- When will AI efficiency gains show up for the rest of the economy? (awealthofcommonsense.com)
- The old Chicago Board of Trade trading floor is getting turned into an electricity hub. (bloomberg.com)
- Joe Weisenthal and Tracy Alloway talk with Paul Kedrosky about how the AI boom is being financed. (podcasts.apple.com)
- Five lessons from the AI capex boom. (excessreturnspod.substack.com)
Economy
- Derek Thompson, "AI is not just an exception to Trump’s worldview. It’s the reveal. In the one domain that now matters most to the future of American economic growth, the administration is not pursuing protectionism at all." (theargumentmag.com)
- Why economic growth is holding up amid a weak labor market. (larryswedroe.substack.com)
- The price of everyday items is rising faster than CPI. (econbrowser.com)
Earlier on Abnormal Returns
- Adviser links: building deeper connections. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
