Quote of the Day
"As markets become more liquid and legible, beta improves while alpha erodes. The average person in those markets is better off, but it’s harder to outperform."
(Packy McCormick)
Markets
- The stock market is laser focused on interest rates. (theirrelevantinvestor.com)
- Do market valuations mean revert over time? (thediff.co)
- Why there's never a shortage of pundits willing to make a big market call. (wsj.com)
Finance
- A look at recent Blackstone ($BX) fund performance. (morningstar.com)
- Retail investors love trading Nvidia ($NVDA) options. (wsj.com)
ETFs
- The ETF industry is littered with one-hit wonders. (msn.com)
- The Long Cramer Tracker ETF ($LJIM) is closing its doors. (investmentnews.com)
- GMO is filing for its first ETF. (etf.com)
Global
- The UK pound is off its lows. (ft.com)
- It's hard to find much that is going well for the Chinese economy. (whatsimportant.substack.com)
- Belarus is now complicit in holding Ukrainian children. (wsj.com)
Housing
- A swath of homeowners are trapped by their 3% mortgages. (bonddad.blogspot.com)
- Higher prices are forcing new home buyers to downsize their square footage. (wsj.com)
Work
- American workers are very interested in four-day workweeks. (pro.morningconsult.com)
- A compensation correction has come for entry level hires. (wsj.com)
Earlier on Abnormal Returns
- Research links: investment time horizons. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: reducing portfolio volatility. (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)