Quote of the Day
"One rate cut may or may not bolster growth a little. It may or may not cause inflation to tick up a little. Who knows? But it’s hard to imagine a single rate cut going down in history as some massive policy blunder."
(Sam Ro)
Chart of the Day
The stock market is going to stock market no matter who is President.
Markets
- A lot of stock market indices are sitting at all-time highs. (allstarcharts.com)
- It's not just the U.S. that is seeing fewer publicly traded companies. (apolloacademy.com)
Finance
- How cold-storage operator Lineage ($LINE) became the biggest IPO of 2024 so far. (wsj.com)
- Revolut now has a UK banking license. (ft.com)
Fund management
- Does your alternatives fund charge fees on gross or net assets? (wsj.com)
- Chuck Royce, founder of Royce Funds, is retiring. (on.ft.com)
Cities
- Cities are struggling to hire enough police officers, even with higher pay. (wsj.com)
- As small towns empty out, it gets more difficult to maintain services. (wsj.com)
- In praise of the public pool. (vox.com)
Work
- Research on how race, class and location affect economic mobility in the U.S. (nytimes.com)
- The number of Americans earning the minimum wage keeps shrinking. (axios.com)
- Tech jobs are moving out of California. (bloomberg.com)
- Some less than encouraging results for UBI. (vox.com)
Russia
- How Russia has been able to provide manpower to its army in Ukraine. (unherd.com)
- How Russia continues to obtain banned tech through intermediaries. (nytimes.com)
- Russia's elites are doing just fine. (ft.com)
Economy
- The case for the Fed to cut rates. (wsj.com)
- How the post-pandemic economy is messing with the Sahm Rule. (stayathomemacro.substack.com)
- Is the Treasury relying too heavily on T-bill issuance? (ft.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this 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)
