Quote of the Day
"Being “in the zone” is vital, but it’s equally important to recognize where our trades fit within the larger market trends."
(Sean McLaughlin)
Chart of the Day
Starbucks ($SBUX) is seeing falling sales and traffic. (chart via MarketChess)
April 2024
- The S&P 500 lost 4.08% in April 2024. (on.spdji.com)
- How major asset classes performed in April 2024. (capitalspectator.com)
- Hedge funds are overexposed to momentum. (ft.com)
Strategy
- Catalysts matter. Good luck identifying them. (behaviouralinvestment.com)
- How to think about debt. (collabfund.com)
- Markets have to clear. (fortunesandfrictions.com)
Companies
- Berkshire Hathaway ($BRK.A) owners can thank Todd Combs and Ted Weschler for the Apple ($AAPL) investment. (ft.com)
- How Elon Musk's decision can affect broader society. (axios.com)
- WeWork is set to exit bankruptcy. (axios.com)
Fund management
- It's easy to forget how much the fund management business has improved over the past few decades. (morningstar.com)
- Do options fund investors really know what they are buying? (finance.yahoo.com)
Global
- Consumer inflation is coming down in the UK. (ft.com)
- Why China keeps making more cars than it needs. (wsj.com)
- How at-risk is Japan to financial instability? (marginalrevolution.com)
Economy
- The manufacturing sector was treading water in April. (bonddad.blogspot.com)
- Take Fed policy leaks with a big grain of salt. (klementoninvesting.substack.com)
- By any measure, the economy is better than it was four years ago. (econbrowser.com)
Earlier on Abnormal Returns
- Personal finance links: working longer. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: persistent risks. (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)