Quote of the Day
"Recent good news about our economic prospects should not lead us to conclusions that could quickly turn out to be overexuberant."
(Yascha Mounk)
Chart of the Day
(sports.yahoo.com)Markets
- The word of the year is 'multiple expansion.' (axios.com)
- The stock market is betting on a soft landing. (wsj.com)
- This S&P 500 stock has no analyst coverage. (bloomberg.com)
Strategy
- How to get rich in the markets, ranked from hard to easy. (ritholtz.com)
- Four insights from the new edition of William Bernstein's "The Four Pillars of Investing." (morningstar.com)
Venture capital
- Fred Wilson, "Now that the NASDAQ has posted a couple of strong quarters, I would expect venture capital to respond. But it won’t happen overnight." (avc.com)
- Venture capital firms are scaling back their fundraising ambitions. (wsj.com)
Netflix
- Netflix ($NFLX) stands out in the streaming wars. (barrons.com)
- Netflix ($NFLX) is making hay in sports without paying for sports rights. (thestreamable.com)
ARK Invest
- ARK Innovation ETF ($ARKK) AUM is down two thirds from the peak. (wsj.com)
- Cathie Wood has written down her firm's stake in Twitter by some 47%. (wsj.com)
Fund management
- Vanguard is struggling to gain ground in Europe. (bloomberg.com)
- BlackRock ($BLK) plans to give shareholders in the iShares Core S&P 500 ETF ($IVV) a chance to vote proxies. (ft.com)
- Are the SEC's new rules going to kill the institutional prime money market fund? (institutionalinvestor.com)
- On the downside of 'greenhushing.' (esgadvocate.substack.com)
Global
- On the resilience of the Ukrainian tech sector. (wired.com)
- China is feeling the pressure to boost economic growth. (nytimes.com)
- Some Ukrainian children have been spirited off to Belarus. (telegraph.co.uk)
- How global population ages are shifting. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: something to look forward to. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks 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)