Quote of the Day
"The vibes continue to improve."
(Kyla Scanlon)
Rates
- The Fed funds rate is at its highest level in 22 years. (nytimes.com)
- U.S. consumers are less exposed to higher interest rates than they used to be. (wsj.com)
QQQ
- What do you get when you run a regression on the returns of the Invesco QQQ Trust ($QQQ)? (alphaarchitect.com)
- What you need to know about the rebalance of the Invesco QQQ Trust ($QQQ). (etf.com)
Finance
- JP Morgan Asset Management is on roll in 2023, ETF-wise. (financial-planning.com)
- Private equity fundraising is at a five-year low. (wsj.com)
- Joe Weisenthal and Tracy Alloway talk bank consolidation with Scott Hildenbrand of Piper Sandler. (bloomberg.com)
AI
- Why Meta ($META) is giving away Llama, its large language model. (wired.com)
- AI is the future of biotech. (wsj.com)
- How Amazon's ($AMZN) Alexa could bump up its AI efforts. (axios.com)
- Some first hand experience with an AI drive-thru assistant. (wsj.com)
Heat
- July is set to be the hottest month on record. (scientificamerican.com)
- How builders are adjusting to higher temperatures. (wsj.com)
- Extreme heat is not great for mental health. (vox.com)
- It's not just humans that struggle with the heat, livestock and poultry do as well. (wsj.com)
- How poverty factors into heat deaths. (nytimes.com)
Economy
- Q2 GDP was up at a 2.4% annual rate. (calculatedriskblog.com)
- Jobless claims are not heading meaningfully higher. (bonddad.blogspot.com)
- The vibecession seems to be over. (kyla.substack.com)
Earlier on Abnormal Returns
- Longform links: 36 years of data. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the burden of social debt. (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)