Quote of the Day
"The mark of CEO stewardship is how the company performs in the years after they step away."
(Todd Wenning)
Chart of the Day
3-month Treasury bill rates haven’t been this high since 2001. (via @charliebilello)
Markets
- The stock market is kinda stuck. (allstarcharts.com)
- The spreads on corporate bonds are still near their recent lows. (axios.com)
Strategy
- Why we are so prone to overconfidence. (ritholtz.com)
- Sentiment is cyclical, but is still difficult to profit from. (monevator.com)
Finance
Economy
- Q3 GDP estimates keep ticking higher. (calculatedriskblog.com)
- Retail space is seeing a reversal of fortune, post-pandemic. (wsj.com)
Earlier on Abnormal Returns
- Podcast links: streaming white noise. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: inevitable times of underperformance. (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)