Quote of the Day
"Cynicism is easy."
(Seth Godin)
Chart of the Day
The bond market has rallied but is still well below is 2020 highs. (chart via YCharts)
Markets
- Nick Maggiulli, "What will cause the next market decline? I have no clue." (ofdollarsanddata.com)
- It's not news that the stock market goes up most years. (humbledollar.com)
Finance
- Bank of America ($BAC) has turned around its trading division. (ft.com)
- The most active growth stage investors of 2021-22 have pulled WAY back. (news.crunchbase.com)
Global
- Is China's stock market finally cheap enough for another look? (wsj.com)
- Japan has a trucking problem. (nytimes.com)
Economy
- Case-Shiller showed a 4.8% annual change in national home prices through October. (calculatedriskblog.com)
- What if the economy in 2024 was just 'normal'? (axios.com)
- Why did macroeconomists get 2023 so wrong? (bloomberg.com)
- Ten economic questions for 2024 including 'How much will wages increase in 2024?' (calculatedriskblog.com)
Earlier on Abnormal Returns
- Research links: replacing anomalies. (abnormalreturns.com)
- Adviser links: forces you cannot control. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly adviser-focused newsletter. (newsletter.abnormalreturns.com)