Friday links: middle class Americans
Tadas Viskanta
Abnormal Returns
1 day ago
2 MIN READ
Markets
- RIsk on! Consumer staple stocks are undeperforming. (allstarcharts.com)
- We’re nearing 24/7 stock trading. (barrons.com)
Treasury bonds
- The 30-year Treasury bond auction came in at 5.216%, the highest level since 2001. (finance.yahoo.com)
- Hedge funds play a growing role in the Treasury market. (ft.com)
Fund management
- Why Jane Street refinanced its public bonds at a high cost to itself. (ft.com)
- Want to work at Citadel? You are signing at minimum two-year non-compete. (bloomberg.com)
- T Rowe Price ($TROW) has experienced 21 straight quarters of outflows. (ft.com)
Food
- Why Starbucks ($SBUX) and McDonalds ($MCD) are pushing refresher drinks. (slate.com)
- A look at Chipotle ($CMG) nominal and real burrito prices over time. (marginalrevolution.com)
- New Yorkers are lining up for half-price sushi. (nytimes.com)
Sports betting
- A review of “Over/Under: An Unexpected History of Sports Betting” by David Bockino. (wsj.com)
- Kalshi was ordered to stop offering sports betting in Washington State. (nytimes.com)
- Gift cards for sports betting is a workaround. (fastcompany.com)
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)
Corporate transparency
- The Trump administration isn’t going to enforce the 2021 Corporate Transparency Act. (nytimes.com)
- Casey Michel, “The American economy is now open for business again for all kinds of mischief.” (theatlantic.com)
- Money laundering just got easier. (thebulwark.com)
Economy
- July retail sales saw an actual decline. (bonddad.blogspot.com)
- Diesel prices are a problem. (paulkrugman.substack.com)
- Still no sign of economy-wide job effects from AI. (digitaleconomy.stanford.edu)
- Joe Weisenthal and Tracy Alloway talk trucking capacity with Reed Loustalot, CMO at the Truck Parking Club. (podcasts.apple.com)
Earlier on Abnormal Returns
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: replacing the experience. (abnormalreturns.com)
Mixed media
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