Quote of the Day
"The thing is, economists have looked for ironclad proof that the stock market has some sort of relationship to the economy for years. They’ve largely come up short."
(Matt Phillips)
Markets
- Investors are coming to terms with higher short-term interest rates. (nytimes.com)
- All the narrative rolling around the markets including 'Sticky inflation.' (ft.com)
Crypto
- A spot Bitcoin ETF has provided crypto skeptics cover to get into the business. (barrons.com)
- The rise in Bitcoin has caused some long term holders to sell. (coindesk.com)
Finance
- Financial institutions are increasingly relying on the public cloud operators. (ft.com)
- Why Goldman Sachs ($GS) wants to help clients launch ETFs. (cnbc.com)
Global
- Japan is trying to rebuild its chip manufacturing sector. (nytimes.com)
- Russia is illegally holding Ukrainians in Crimea. (vanityfair.com)
- How Starlink boxes are ending up all over the world including in the hands of Russian forces. (wsj.com)
Economy
- State coincident indicators show continued economic strength. (ritholtz.com)
- The links between the stock market and economy are tenuous. (sherwood.news)
Earlier on Abnormal Returns
- Research links: bond laddering. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: elder finances. (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)