Quote of the Day
"Few things in life, it turns out, can make us feel gloomier than a spike in gas prices can. But on the flip side, judging from the new consumer-sentiment numbers, few things can make us feel more optimistic than falling gas prices."
(James Surowiecki)
Chart of the Day
The Magnificent Seven stocks have a larger market cap than the UK, China, France and Japan combined.
Permabears
- Ben Carlson, "I will never understand the permabear mindset – these people that prey on the fears of others for personal gain." (awealthofcommonsense.com)
- How do permabears attract such big followings? (priceactionlab.com)
Strategy
- You need to look yourself in the mirror if you have been fighting the market. (theirrelevantinvestor.com)
- Why most people keep their hands off their 401(k) plans. (yield-to-maturity.beehiiv.com)
- The best trading is planned, not reactive. (traderfeed.blogspot.com)
Companies
- Pfizer's ($PFE) downfall this year is stunning. (downtownjoshbrown.com)
- Disney ($DIS) has seemingly lost its cultural relevance. (nytimes.com)
- Tesla ($TSLA) has not solved its major Autopilot flaw. (washingtonpost.com)
Global
- How lower oil prices are going to hit the Russian economy. (econbrowser.com)
- Where the war in Ukraine stands. (noahpinion.blog)
Policy
- After a pandemic surge, crime is once again falling. (jasher.substack.com)
- Why opioid settlement funds aren't ending up with victims. (wsj.com)
- Why the U.S. needs to increase immigration to alleviate talent crunches. (washingtonpost.com)
- The USPS wasn't built to deliver packages. (theatlantic.com)
- A binder full of raw intelligence on Russian election interference went missing at the end of the Trump administration. (cnn.com)
- If abortion exceptions don't apply in Kate Cox’s case in Texas, then when do they apply? (statnews.com)
Economics
- How views of the economy have shifted during 2023. (tker.co)
- America is short some 3 million houses. (axios.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)