Quote of the day

Michael Santoli, “The outsized returns from owning spinoffs have been so attractive and consistent over the years that, in theory, they shouldn’t be there.”  (Unexpected Returns)

Chart of the day

AUD_0213

The Australian dollar is trading in a tight range.  (The Short Side of Long)

Markets

The stock market is still loving inflation.  (Capital Spectator)

The case for a pullback.  (The Slant)

What would a 1% back up in yields mean for bond investors?  (Businessweek)

Strategy

Why do people hate rising stock prices?  (Pragmatic Capitalism)

Know what you own.  (Kid Dynamite)

At what point should traders throw in the towel?  (The Minimalist Trader)

The Roth IRA opportunity for young adults.  (Vanguard Blog)

Dr. Phil talks with Jim Rogers about his new book Street Smarts: Adventures on the Road and in the Markets.  (Phil Pearlman)

Companies

Another reason why Elon Musk of Tesla ($TSLA) is awesome.  (Jeff Matthews)

Why some Dell ($DELL) employees lost out on the buyout.  (Term Sheet)

Apple

David Einhorn wants Apple ($AAPL) to start engaging in some financial engineering to prop up the stock price.  (Money Game, Deal Journal, Dealbook, Clusterstock)

How much is the Apple ecosystem worth?  (Vitaliy Katsenelson)

Things Apple has not done yet.  (Counternotions)

How is Apple investing its huge cash hoard?  (Zero Hedge)

Finance

Schwab ($SCHW) is boosting the number of commission-free ETFs it offers.  (Focus on Funds, IndexUniverse)

The US is set to issue floating rate notes.  (WSJ)

A new buyout wave would help provide investors with the leveraged loans they demand.  (FT, ibid)

Investors are fleeing commodity-focused hedge funds.  (FT)

Global

The Eurozone is not joining the global currency war.  (Sober Look)

Chinese accounting scandals are not all that complicated.  (Quartz)

Economy

Weekly initial unemployment claims are at a four-year low.  (Calculated Risk, Capital Spectator)

Owning a home is not a great investment.  (Money Game)

Mixed media

Why no one is willing to pay for online content.  (MediaFile)

Well-being seems to increase over lifetimes and generations.  (The Atlantic)

If bacteria can live under Antarctic ice then where can’t it live?  (NYTimes)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

More Posts This Week

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.