Quote of the Day
"We seem to be at the point where rates are high enough and the economic outlook is dour enough that both average Americans and corporate America have decided to do nothing."
(Callie Cox)
Chart of the Day
Dollar store stocks are having a rough time of it. (chart via YCharts)
Finance
- Analysts are in no rush to cut earnings estimates. (sherwood.news)
- Kalshi won its lawsuit against the CFTC to offer political prediction markets. (coindesk.com)
Apple
- Will AI drive a renewed iPhone upgrade cycle? (spyglass.org)
- What is Apple ($AAPL) spending all that R&D money on? (sherwood.news)
- How Apple ($AAPL) turned the watch into THE wearable. (theverge.com)
Media
- Offball is a new sports news/media site. (semafor.com)
- How much of the 'independent media' is really being funded by some third party? (taylorlorenz.substack.com)
Housing
- An alternative to the Case-Shiller house price numbers. (mrzepczynski.blogspot.com)
- Don't be surprised if Americans start tapping their home equity. (bloomberg.com)
Economy
- The economy is on hold as everyone tries to figure it out. (optimisticallie.com)
- Manufacturing is a laggard in this economy. (bonddad.blogspot.com)
- Consumer inflation is pretty well anchored. (newyorkfed.org)
Earlier on Abnormal Returns
- Adviser links: staffing a growing firm. (abnormalreturns.com)
- Noted personal finance writer Jonathan Clements is dying. He still has plenty left to teach us. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
