Quote of the Day
"Why one thing happens and not something else doesn’t always have some kind of rational explanation. Some things don’t contain within them any kernel of truth about humanity or our current moment."
(Amanda Mull)
Crypto
- Fidelity Wise Origin Bitcoin Fund ($FBTC) has surpassed $1 billion in AUM. (theblock.co)
- Why the churn at the Grayscale Bitcoin Trust ($GBTC) matters so much for Bitcoin. (ft.com)
- Vanguard made the right call. (morningstar.com)
Companies
- Airbnb ($ABNB) didn't end up killing the hotel (stocks). (paulrlamonica.substack.com)
- Meta ($META) now wants in on the AGI game. (theverge.com)
- Who is the new Apple ($AAPL) Vision Pro for? (om.co)
Oil
- The U.S. is putting OPEC to shame. (qz.com)
- Joe Weisenthal and Tracy Alloway talk U.S. oil production with Javier Blas. (podcasts.apple.com)
Economy
- Consumer sentiment is rapidly rebounding. (advisorperspectives.com)
- Existing home sales hit a 28-year low in 2023. (wsj.com)
- Q4 GDP is trending around 1.6%. (capitalspectator.com)
Earlier on Abnormal Returns
- Podcast links: Boeing's downfall. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the whole journey. (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)