Quote of the Day
"Over time, AI will generate more productivity gains of its own — but these will likely be revealed in full once another shock forces companies to embrace more radical change."
(Dror Poleg)
Chart of the Day
The unemployment rate has been below 5% for 62 straight months. (via @charliebilello)
Strategy
- Market volatility is a good check on your portfolio strategy. (wsj.com)
- Hard to see how this goes wrong. (ft.com)
Prediction markets
- How prediction markets performed this election cycle. (nytimes.com)
- Preventing insider trading on entertainment-focused markets is tough. (hollywoodreporter.com)
Autos
- Tesla ($TSLA) is going to wind down Cybertruck production. (wired.com)
- Toyota ($TM) is benefiting from consumer interest in hybrid vehicles. (nytimes.com)
Stay in touch
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
Midterms
- Josh Brown and Michael Batnick spoke with Dan Clifton, Partner and Head of Policy Research at Baird Strategas, about the implications of the election for investors. (youtube.com)
- Derek Thompson talks with New York Times chief political analyst Nate Cohn about six lessons learned from the midterms. (podcasts.apple.com)
- Pablo Torre talks with Rachel Maddow, author of "Department of Fate: The Promise, the Power, and the Collapse of America's Most Consequential Institution" about public accountability (podcasts.apple.com)
- Joe Weisenthal and Tracy Alloway talk with Irving Swisher about the macroeconomic implications of the midterms. (podcasts.apple.com)
Economy
- The economy 165,000 jobs in October along with unemployment rate of 4.1%. (bonddad.blogspot.com)
- Companies are just not firing workers. (axios.com)
Earlier on Abnormal Returns
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: changing of the guard. (abnormalreturns.com)
