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Tuesday links: moving toward the mean

Abnormal Returns

(wsj.com) Books Gary Stevenson’s book “The Trading Game” helps explain the past twenty years in the financial markets. blockworks.co) When banks start pitching Bitcoin allocations. qz.com) Economy The Roaring 20's are here. abnormalreturns.com) Adviser links: better Medicare coverage. Enjoy it while you can.

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Wednesday links: portfolio entropy

Abnormal Returns

Strategy A big regime shift has happened in the economy and financial markets. investmenttalk.co) Finance Poor recent performance has put the IPO market back on ice. finance.yahoo.com) Banks are still sitting on the Twitter debt they underwrote. blockworks.co) Economy Q3 GDP nowcasts still show robust growth.

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Monday links: a good problem to have

Abnormal Returns

ft.com) Finance The global banking business is doing just fine, thank you. axios.com) Charles Schwab's ($SCHW) bank is still leaking deposits. wealthmanagement.com) Global The UK's financial markets are dying on the vine. wsj.com) Economy Home sales have fallen off the table in 2023.

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Thursday links: the realm of consensus

Abnormal Returns

economist.com) The Bank of England has joined the 75bp hike club. bbc.com) Economy Still no sign that layoffs have accelerated. abnormalreturns.com) Spending does more than change your bank balance. abnormalreturns.com) Why rough edges remain in financial markets: people.

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Wednesday links: sub-optimal portfolios

Abnormal Returns

wsj.com) Economy The 3 month-18 month Treasury spread is almost inverted. abnormalreturns.com) Spending does more than change your bank balance. abnormalreturns.com) Why rough edges remain in financial markets: people. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking?

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Thursday links: bear market endings

Abnormal Returns

(morningstar.com) Comparing the last three big bear markets. theinformation.com) Jamie Dimon is cautious about the economy. wsj.com) Global The Bank of Canada has boosted rates by 100bp. nytimes.com) Economy Weekly initial unemployment claims continue to climb higher. economy is a slowing housing market.

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Sunday links: real world experience

Abnormal Returns

tker.co) Economy The many ways the FOMC could mess things up. economy is missing a bunch of foreign-born workers. abnormalreturns.com) Spending does more than change your bank balance. abnormalreturns.com) Why rough edges remain in financial markets: people. ritholtz.com) The U.S.