Quote of the Day
"If you’re tempted to make drastic changes to your portfolio in response to the headlines, then you could benefit from simulating my market sabbatical."
(Jason Zweig)
Chart of the Day
How long it historically takes the Fed to go from hikes to cuts.
Strategy
- Stop obsessing about the Fed's next move. (tker.co)
- Why the vast majority of investors should avoid alternatives. (humbledollar.com)
- What happens when you stop focusing on the stock market. (wsj.com)
Bitcoin
- Will Charles Schwab ($SCHW) eventually launch its own spot Bitcoin ETF? (riabiz.com)
- The ETF industry keeps pushing the boundaries, now Bitcoin. (theetfeducator.com)
- Does the Bitcoin ETF have any broader meaning for finance? (davenadig.substack.com)
Policy
- Cities and states have a decent financial cushion. (ft.com)
- The fertilizer industry in the U.S. is increasingly concentrated. (boondoggle.substack.com)
- Oregon is walking back its drug decriminalization law. (apnews.com)
- State and local election officials are seeing more threats headed into 2024. (time.com)
- 'Nones' are now the largest religious group in America. (npr.org)
- Global fertility rates are plunging. (fasterplease.substack.com)
Economy
- The U.S. economy is in its best shape since the 1990s. (awealthofcommonsense.com)
- How do you define a 'soft landing'? (disciplinefunds.com)
- The U.S. economy is the envy of the rest of the developed world. (wapo.st)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- An example where investing out of spite doesn't work out... (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)