my midweek morning train WFH wrote:

• The impact of Amazon’s rise on the stock market The largest companies are still the most dominant. Today’s largest companies have a smaller share of the overall market than they did in the past. The biggest companies can still be overthrown. (Wall Street Journal)

• After another great year for stocks, dangers remain Inflation and the coronavirus didn’t weigh on stocks last year, but in 2022 investors face fresh concerns. (New York Times) see also Bond and stock markets agree: Rates are rising, but not by much Stocks continue to pull back in 2022 as the Fed belatedly conceded that inflation is obvious to everyone else and is widely seen as exiting its ultra-easy monetary policy. (Barron)

• market tightens Cheap money affects individual and corporate winners. It’s hard to say with certainty that low borrowing rates are responsible for stock market inequality, but there may be some reasons. (irrelevant investor)

• Here today, leaving tomorrow?Three CIOs speak out on inflation The CIO discussed their strategy on inflation with three CIOs, each with a different view on how best to protect their assets. We also spoke with academic economists with a background in Wall Street forecasting and quantitative analysts at AlphaSimplex to try to make their best guesses about what’s coming next. Not everyone is ready to change their strategy. (That is)

• China’s looming real estate crisis threatens economic stability More and more Chinese property developers are facing financial pressure, while property sales and house prices in China are falling sharply. Concerned that the growth engine is losing steam, the Chinese government is trying to keep the real estate sector afloat. Evergrande is a major sign that China’s real estate-led growth model is unsustainable and needs to change. (Peterson Institute for International Economics)

• Microsoft is buying one of the biggest names in gaming — if Washington allows it Microsoft-Activision is like Disney-Fox. Maybe bigger. (sound)

• Crypto Enthusiasts Meet Their Adversaries: Angry Gamers Game publishers are offering NFTs, but skeptical gamers sniff out money-making schemes and are fighting back. (New York Times)

• Why is it so hard to make friends in middle age: I thought I was done dating. But after traveling across the country, I had to start all over again—this time, looking for platonic love. (atlantic organization)

• ‘It’s been a tough time’: Why is Biden one of the least popular US presidents? Experts say some of Biden’s unpopular mysteries are within his control, while others are not, as the coronavirus casts a shadow over his first year in office. (protector)

• Wordle founder Josh Wardle talks virality and what’s next People have an appetite for things that obviously don’t want anything from you. (TechCrunch)

Be sure to check out our Master of Business interview this weekend with Jim McKelvey, Co-founder square (with Jack Dorsey), current CEO invisible, the future of enabling people to manage their personal data.

What happened to the office space?

source: McKinsey

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