Quote of the Day
"Valuations tell the tale. The current market’s price-earnings ratio is top decile for last few decades. Credit-spreads are near record tights. There is no fear priced into anything at the present moment."
(Joshua Brown)
Chart of the Day
Check out the yields on 30-year TIPS. (chart via FRED)
Strategy
- Market consensus is max bullish. (downtownjoshbrown.com)
- How to find, and invest in, meme-worthy stocks. (drorpoleg.com)
Crypto
- MicroStrategy ($MSTR) has a tax dilemma. (wsj.com)
- More crypto ETFs are likely coming to market. (sherwood.news)
Costco
- Costco’s ($COST) shareholders rejected a proposal to reverse its DEI practices. (fastcompany.com)
- Coke products are coming back to the Costco ($COST) food court. (businessinsider.com)
ETFs
- Investors are desperate to get their hands on SpaceX shares, hence the ERShares Private-Public Crossover ETF ($XOVR). (wsj.com)
- There's nothing magical about active ETFs, performance-wise. (ft.com)
- More tax-free ETF conversions are coming. (financial-planning.com)
AI
- OpenAI Operator has a way to go. (sherwood.news)
- Are AI companies wasting money? (bigtechnology.com)
Economy
- Sales of existing homes in the US hit their lowest level since 1995. (cnn.com)
- It looks like there was a stockpiling effect at the end of 2024. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Podcast links: basic economics. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: outperforming others. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
