Quote of the Day
"Here is my recommendation: Stop giving news conferences. The Fed's policy decision and statement should stand by themselves."
(Greg Mankiw)
Chart of the Day
(axios.com)January 2024
- How major asset classes performed in January 2024. (capitalspectator.com)
- The S&P 500 was in positive territory for the month, in contrast with small and mid caps. (on.spdji.com)
Strategy
- Overconfidence is a killer for investors. (collabfund.com)
- Four steps to build a no-fuss portfolio including eliminating redundant accounts. (morningstar.com)
Bitcoin
- Will spot Bitcoin ETFs follow the path of gold ETFs? (economist.com)
- Joel Weber and Eric Balchunas speak with Douglas Boneparth about the spot Bitcoin ETFs. (bloomberg.com)
- Will spot Bitcoin ETFs help create a cleaner Bitcoin? (blockworks.co)
Crypto
- Tether just reported a $3 billion profit. (axios.com)
- Celsius is sending out more than $3 billion to its creditors as its bankruptcy ends. (coindesk.com)
- A Q&A with Chris Dixon author of "Read Write Own: Building the Next Era of the Internet." (semafor.com)
Companies
- New technologies require help with implementation. The case of AI. (downtownjoshbrown.com)
- Biogen ($BGEN) is giving up on controversial Alzheimer's drug Aduhelm. (biopharmadive.com)
- The battle for ultra-luxury shoppers is only growing. (wsj.com)
Finance
- More banks are marking down the value of U.S. office loans. (marketwatch.com)
- Amer Sports ($AS) is now public. (sports.yahoo.com)
The Vision Pro
- The Vision Pro is definitely a first gen device. (spyglass.org)
- Augmented reality looks to be the future of computing. (vanityfair.com)
- A round up of Vision Pro reviews. (om.co)
ETFs
- More covered call ETFs are coming. (etf.com)
- Vanguard has launched two new ETFs, the Vanguard Intermediate-Term Tax-Exempt Bond ETF ($VTEI) and Vanguard California Tax-Exempt Bond ETF ($VTEC). (thinkadvisor.com)
Economy
- The ISM manufacturing index seems to have bottomed. (econbrowser.com)
- Construction spending is still headed higher. (bonddad.blogspot.com)
- The December state coincident index showed improvement. (ritholtz.com)
- A good reminder, is the term spread is still inverted. (econbrowser.com)
Earlier on Abnormal Returns
- Longform links: celebrating catastrophe. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a recipe for unhappiness. (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)