Strategy
- To call an end to this, or any, bull market you need a negative catalyst, or two. (carsongroup.com)
- U.S.-based investors are finding it hard to keep the global diversification faith. (economist.com)
- Why John Rekenthaler was an important voice in financial writing for so long. (morningstar.com)
Finance
- Will private credit default recovery rates best bank loans or high yield bonds? (ft.com)
- You can’t cap rates on credit cards without ditching card rewards. (economist.com)
ETFs
- If you’re going to own an active strategy, own it in an ETF. (morningstar.com)
- But beware if the ETF is following an illiquid, thematic strategy. (klementoninvesting.substack.com)
Food
- Some evidence the big four potato companies colluded to raise prices. (cbc.ca)
- Orange juice consumption is in secular decline. (sherwood.news)
- Why are people so freaked out about seed oils? (eater.com)
Economy
- Why the Treasury term premium matters. (mrzepczynski.blogspot.com)
- Still no meaningful pickup in weekly initial unemployment claims. (calculatedriskblog.com)
- The agriculture and construction sectors rely heaviest on immigrant labor. (econbrowser.com)
Earlier on Abnormal Returns
- Longform links: data highways. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: mostly positive markets. (abnormalreturns.com)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
- Anil Dash, “I know you think you have control over your subscribers on Substack. But understand this: every single new feature Substack releases, from their social sharing to their mobile apps, is proprietary and locks you into their network.” (anildash.com)
- Beware platforms wanting to lock you in. (daringfireball.net)
- Why writers should own their home online. (spyglass.org)
