Quote of the Day
"The key to overcoming tilt is to anchor our self-assessment in longer-term improvement, not in immediate P/L."
(Brett Steenbarger)
Chart of the Day
The VIX is essentially back down to pre-Liberation Day levels.
Markets
- What many meme stocks have in common - horrible financials. (herbgreenberg.com)
- Have investor sentiment measures gotten overheated? (carsongroup.com)
Strategy
- The stock market owes you nothing. (safalniveshak.com)
- Periods of market excess sow the seeds of their own demise. (awealthofcommonsense.com)
- Don't get distracted by people with very different goals and time horizons. (behaviouralinvestment.com)
- If active investing is a 'loser's game,' what is the 'winner's game'? (morningstar.com)
Finance
- Why comparing the 'market cap' of companies and crypto is apples to oranges. (theirrelevantinvestor.com)
- Strategy ($MSTR) keeps coming up with new ways to borrow money. (ft.com)
- The case against 24/7 trading. (economist.com)
Food
- Chipotle ($CMG) sales are losing steam. (sherwood.news)
- Consumers love McDonald's ($MCD) Snack Wraps. (qsrmagazine.com)
Streaming
- YouTube is winning the battle for the TV. (wsj.com)
- Why is Netflix ($NFLX) content so mid? (spyglass.org)
Economy
- Still no sign of an uptick in weekly initial jobless claims. (bonddad.blogspot.com)
- The sentiment gap between high and low income Americans is growing. (axios.com)
- Tariff calculations can be brain-achingly complex. (ft.com)
- Why Fed independence is worth preserving. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Longform links: wrong and wrong again. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: getting to Mars. (abnormalreturns.com)
- What if gold went the way of diamonds? (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
