Quote of the Day
"A combination of low interest rates, a historic tech bull run, and the resulting torrent of fomo has tethered us to our monitors to watch candlestick charts. The financialization of culture has manifested in two primary ways: lottery culture and equity culture."
(John Luttig)
Markets
- How major asset classes performed in February 2021. (fs.blog)
- It took awhile, but Wall Street strategists have finally gotten bullish. (thereformedbroker.com)
Strategy
- What if interest rates don't matter as much as we think. (awealthofcommonsense.com)
- Interest rates (and inflation) are on the rise but it's hard to see how they get out of control. (pragcap.com)
- Are higher interest rates going to disproportionately hurt growth stocks? (theirrelevantinvestor.com)
Berkshire Hathaway
- Despite share buybacks, Berkshire Hathaway ($BRK.B) still has some $120 billion of cash to invest. (bloomberg.com)
- Where Warren Buffett went wrong in buying Precision Castparts. (behavioralvalueinvestor.com)
Companies
- A profile of Robolox prior to its anticipated direct listing. (wsj.com)
- The market has come around to Novavax's ($NVAX) side of things. (ft.com)
- Will commercial office space go the way of the shopping mall? (wsj.com)
Streaming
- Discovery+ ($DISCA) is off to a fast start, due in part to having a big back catalog. (nytimes.com)
- Verizon ($VZ) Media is betting big on sports gambling. (ft.com)
- We are now seeing the impact of the pandemic on the pipeline of TV shows. (nytimes.com)
Funds
- Why the differences between how bond and equity ETFs operate matter. (bis.org)
- How much risk are APs taking on when dealing with ARK Invest ETFs? (ft.com)
Global
- Trade disputes are piling up between the UK and the EU. (nytimes.com)
- Austria is emphasizing testing over vaccinations. (ft.com)
Economy
- The manufacturing and housing sectors are red hot. (bonddad.blogspot.com)
- Housing inventory is down 55% year-over-year. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: planners at their best. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was reading 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)