Quote of the Day
"Why are we so intent on making excuses and finding convoluted paths for wealthy bureaucrats to trade their personal accounts?"
(Ben Hunt)
Chart of the Day
(quantifiableedges.com)Markets
- Crude oil has been on quite a run. (sentimentrader.com)
- Traders are rotating into energy stocks. (allstarcharts.com)
Crypto
- Valkyrie Bitcoin Strategy ETF ($BTF) has launched. (etf.com)
- Coinstar is rolling out Bitcoin-enabled kiosks. (coindesk.com)
Big Tech
- Employees are causing Big Tech to live up to their ideals. (wsj.com)
- Apple's ($AAPL) changes to iOS has had a big impact on other tech companies like Snap ($SNAP). (theverge.com)
- Google ($GOOGL) takes a big cut of revenue in its advertising ecosystem. (wsj.com)
Venture capital
- Corporate VCs are not out there just buying potential M&A targets. (institutionalinvestor.com)
- Venture capital has shifted from EV makers, like Rivian, to supporting companies. (news.crunchbase.com)
- How NerdWallet came to the cusp of an IPO. (businessofbusiness.com)
- Reversing the flow: VCs are becoming founders. (news.crunchbase.com)
Restaurants
- What the restaurant of the future will look like. (eater.com)
- Plant-based options are showing up in new and novel places. (axios.com)
- In-N-Out Burger was always overrated. (sfchronicle.com)
- A restaurant is a bundle of features. (thewaiterspad.com)
Economy
- Inflation is better than the alternative. (tker.co)
- How the Covid recession differs from the Great Recession. (stayathomemacro.substack.com)
- Home price growth is decelerating. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Podcast links: going electric. (abnormalreturns.com)
- On the benefits of writing in public. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: in front of you right now. (abnormalreturns.com)
- A Q&A with Robin Powell, co-author of "Invest Your Way to Financial Freedom." (abnormalreturns.com)
- Abnormal Returns recently celebrated its 16th blogiversary, not that it is a thing anymore... (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)