Quote of the Day
"Crashes are a reminder that risk exists."
(Ben Carlson)
Chart of the Day
SK Hynix ($SKHY) just sold shares in the U.S. Now it is buying back shares.
Markets
- Bear markets are the price of admission for investors. (awealthofcommonsense.com)
- Don't let your stock picking become your identity. (investmenttalk.co)
- How to avoid blowing up your account. (novelinvestor.com)
Finance
- More evidence that members of the military traded on prediction markets. (reuters.com)
- Hudson River Trading cleaned up in July while Jane Street experienced big losses. (ft.com)
Big Tech
- Meta ($META) is one of Microsoft ($MSFT) Azure's biggest customers. (bloomberg.com)
- Warehouses are a perfect place for robots. (wsj.com)
- The 'Amazon tax' is real and substantial. (seths.blog)
Restaurants
- The burger wars are back with Burger King revamping the Whopper. (wsj.com)
- Do restaurant patrons still want to crack their own crabs? (slate.com)
- This app helps QSRs avoid missed shifts. (npr.org)
Stay in touch
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
Global
- India has its own student loan crisis. (nytimes.com)
- Signs of weakness in China's labor market. (economist.com)
- The Iran war is a boost for Somali pirates. (politico.com)
- Hormuz is not the only problem facing global shipping. (semafor.com)
Economy
- Signs of strain in the Treasury market. (wsj.com)
- Foreign holdings of Treasuries have fallen as a share. (axios.com)
- A visualization how the national debt hit $40 trillion. (washingtonpost.com)
- Claudia Sahm, "Markets do not do the Fed’s job for it; they are expecting the Fed to do its job." (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Longform links: the difference between work and play. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: following your own rules. (abnormalreturns.com)