Quote of the Day
"Plain and simple, new highs aren’t bearish events. In fact, you tend to see new highs take place during bull markets..."
(Ryan Detrick)
Chart of the Day
(wsj.com)Rates
- Interest rates have peaked. (disciplinefunds.com)
- Why the stock and bond markets are actually in disagreement. (bloomberg.com)
Charlie Munger
- Ten quotes from Charlie Munger including "Take a simple idea and take it seriously." (mastersinvest.com)
- Some more thoughts from the late Charlie Munger. (thefinancialbodyguard.com)
Banks
- Citigroup ($C) has shuttered its municipal bond business. (investmentnews.com)
- The efficiency of the ETF industry runs through a few key players. (finance.yahoo.com)
- Morgan Stanley ($MS) is still wrestling with the impact of its texting scandal. (nypost.com)
Startups
- Companies like Sunset and Simple Closure help startups close up shop. (wsj.com)
- The Coterie was built to investors manage their investments in VC funds and other alternative assets. (theinformation.com)
- Startups keep taking a crack at the market for local sports news and opinion. (washingtonpost.com)
Streaming
- Why production companies are increasingly licensing content to streamers. (variety.com)
- Why every cable outlet is running reruns. (nytimes.com)
- The Marvel-cession visualized. (entertainmentstrategyguy.com)
Economy
Earlier on Abnormal Returns
- Podcast links: AI playlists. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: consolidation and shakeout. (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)