Quote of the Day
"We have so much information, and we know so much about the world. But no matter how much we ever know it will always be dwarfed by what we’re blind to."
(Morgan Housel)
Equities
- The S&P 500 is at a new all-time high. (tker.co)
- Lessons learned from the two-year bear market. (theirrelevantinvestor.com)
Diversification
- Why investors should just take a pass on China. (humbledollar.com)
- It's easy to forget, but diversification still matters. (disciplinefunds.com)
Crypto
- A little Bitcoin in your portfolio goes a long way. (morningstar.com)
- Coinbase ($COIN) sits at the center of the spot Bitcoin ecosystem. (finance.yahoo.com)
- Ric Edelman has some thoughts about the spot Bitcoin space. (thinkadvisor.com)
Fixed income
- Investment grade issuance is at a record pace in January. (ft.com)
- Leverage loan repricings are surging. (wsj.com)
- Citi's ($C) pullback from the muni market is having effects alreayd. (wsj.com)
Policy
- Noah Smith, "U.S. industrial policy is running into at least three big sets of problems." (noahpinion.blog)
- U.S. apparel manufacturers are facing new competitive pressure. (nytimes.com)
- Incentives for retirement savings are going to the wrong workers. (crr.bc.edu)
- Why would states turn down funds for child nutrition? (nytimes.com)
- Rogé Karma, "Even as the pandemic has released its grip on our economy and civil society, it has yet to fully work its way through our politics." (theatlantic.com)
Economy
- Americans are pretty happy with their own finances. (axios.com)
- The new and existing housing markets continue to diverge. (bonddad.blogspot.com)
- 2023 Q4 GDP is tracking around 1.8% growth. (calculatedriskblog.com)
- How services inflation is affecting CPI. (papers.ssrn.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)