Quote of the Day
"The longer Nvidia goes up and the higher the price goes, the more your FOMO is likely to intensify. And the more time you spend on social media, the hotter your FOMO will feel."
(Jason Zweig)
Chart of the Day
The U.S. bond market is still undergoing its longest drawdown. (via @charliebilello)
February 2024
- A look at asset class performance for February 2024. (allstarcharts.com)
- Small cap stocks are still down on the year. (on.spdji.com)
- The momentum factor had a big month. (mrzepczynski.blogspot.com)
Markets
- What's the biggest risk right now? (awealthofcommonsense.com)
- Stock market concentration is the norm. (acadian-asset.com)
Crypto
- Bitcoin is now worth two Teslas ($TSLA). (scheplick.com)
- Solana is at new all-time highs. (allstarcharts.com)
Sports
- Why the NFL Combine isn't going away any time soon. (huddleup.substack.com)
- Making the business case for night golf. (mygolfspy.com)
- Don't kid yourself thinking you can pull off a Wrexham-style turnaround of a low-level English soccer club. (nytimes.com)
- What is Apple's ($AAPL) end game with its new sports app? (blog.johnwallstreet.com)
Weather
- The Smokehouse Creek Fire is the largest ever in Texas history. (thehotshotwakeup.substack.com)
- Weather this February highlighted a warming climate. (bloomberg.com)
- In the Upper Midwest, snow is a way of life. This winter it's largely absent. (washingtonpost.com)
Economy
- Ten reasons why the Fed won't cut in 2024. (apolloacademy.com)
- U.S. immigration is 'wildly underappreciated.' (danieldrezner.substack.com)
Earlier on Abnormal Returns
- Podcast links: the rise of the pod shop. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: basketball’s oldest tradition. (abnormalreturns.com)
- Five thoughts on the power of letting go. (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)