Quote of the Day
"Yes, the overvalued market can last for another year, yet a high current coupon suggests that you are being paid to take risk off the table."
(Mark Rzepczynski)
Markets
- Chip stocks are off their highs. (axios.com)
- Options volume is back to Covid-era highs. (wsj.com)
- Concentration is not just a U.S. phenomenon. (mrzepczynski.blogspot.com)
Earnings
- Corporate profit margins are at record highs. (axios.com)
- This bull market is an earnings story. (chartkidmatt.com)
Strategy
- Given the run in equities, your portfolio may be out of balance. (awealthofcommonsense.com)
- By this measure, it's time to think about rotating into bonds. (mrzepczynski.blogspot.com)
Companies
- From one conglomerate to another. Berkshire Hathaway ($BRK.A) increases its stake in Bending Spoons ($BSP). (cnbc.com)
- Why Skydance ($SKYD) shares are down big. (variety.com)
Stay in touch
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Confict
- When civilian airports become targets. (buttondown.com)
- Foreign workers are at risk at Russia's oil refineries. (nytimes.com)
Government spending
- How Denmark and Sweden are spending differently than neighbors. (wsj.com)
- How different governments spend money. (ft.com)
- Why are so many Brits on disability? (wsj.com)
AI
- The U.S. economy is betting big on AI. (klementoninvesting.substack.com)
- How would a tech bust affect the housing market? (conorsen.substack.com)
- AI investment is crowding out other stuff. (axios.com)
Work
- How companies can get outshone by a single employee. (gettheleverage.com)
- The Sunday scaries are a real thing. (wsj.com)
- How much confidence is too much? (tedlamade.substack.com)
Inflation
- The September CPI report was driven by higher energy prices. (bonddad.blogspot.com)
- The risk that inflation gets further embedded in the economy. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: maximizing your life. (abnormalreturns.com)
- Research links: between now and the crash. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: success rates. (abnormalreturns.com)
