Quote of the Day
"The key for investors is to find the approach they can live it, make sure there’s some theoretical underpinning for why it should work and then accept the fact that there will be long stretches during which the chosen strategy will make them miserable."
(Joshua Brown)
Chart of the Day
Forecasts are in disagreement about the path of interest rates in 2024.
Markets
- Anything can happen in the stock market over the short run. (awealthofcommonsense.com)
- The 60/40 portfolio had a big comeback in 2023. (morningstar.com)
- Bond investor sentiment has turned. (entrylevel.topdowncharts.com)
Strategy
- 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' (morningstar.com)
- 10 ideas from 2023 that stuck including 'Keep it simple in investing when everyone knows everything.' (realreturns.blog)
- Lessons learned from markets in 2023 including 'Years like 2023 are why investors should not put much weight into market or economic predictions.' (novelinvestor.com)
Bitcoin
- Why the spot Bitcoin ETF doesn't really matter. (etftrends.com)
- The long and winding road towards the approval of a spot Bitcoin ETF. (blockworks.co)
Companies
- Hewlett Packard Enterprise ($HPE) is buying Juniper Networks ($JNPR). (axios.com)
- Ads or not, Amazon ($AMZN) Prime Video is set to grow. (hollywoodreporter.com)
- The Apple ($AAPL) Vision Pro is going to change how we watch movies. (om.co)
Finance
- Investment grade companies are rushing to issue debt in January. (axios.com)
- Why banks are borrowing from the Fed's bank term funding program. (wsj.com)
- Why private equity is targeting high net worth investors. (bloomberg.com)
- Jane Street is one of the most successful financial firms that few know about. (ft.com)
Earlier on Abnormal Returns
- Personal finance links: investment politicians. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: regime changes. (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)