Quote of the Day
"The US economy feels stuck in the same doom loop that many US households are stuck in: a chronic case of losing the plot."
(Katie Gatti Tassin)
Chart of the Day
Corporate (and high yield) bond yields have traded in a tight range the past 12 months.
Markets
- Dedicated short-sellers are a dying breed. (bloomberg.com)
- Which should give investors pause. (herbgreenberg.substack.com)
Crypto
- The Ether ETF fee war is already here. (barrons.com)
- Bitcoin miners with attractive power contracts could become targets. (coindesk.com)
Finance
- The Texas Stock Exchange is taking steps to start trading. (wsj.com)
- Alphabet ($GOOGL) is stealing Eli Lilly's ($LLY) CFO. (biopharmadive.com)
- The Proxies 2024 has some egregious cases of executive compensation. (ft.com)
Companies
- GameStop ($GME) is a meme stock, but what is going on at the company? (sherwood.news)
- Boeing's ($BA) Starliner successfully launched. (npr.org)
- Why everybody seemingly loves Costco ($COST). (wapo.st)
Restaurants
- 2024 is set to be a record year for U.S. restaurants. (axios.com)
- Restaurants are kicking their QR codes to the curb. (wsj.com)
Economy
- Heavy truck sales were flat in May. (calculatedriskblog.com)
- The ISM Services index continues to show growth. (bonddad.blogspot.com)
- Higher interest rates (and dividends) are flowing through to America's incomes. (wsj.com)
Earlier on Abnormal Returns
- Personal finance links: absolute value. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: a lack of guarantees. (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)
