Friday links: the sad reality of high fees

Quote of the day

Ashby Monk, “The sad reality, however, is that fees and expenses tend to be one of the more overlooked aspects of institutional money management.  (Institutional Investor)

Chart of the day

HBSPY 0613 Friday links:  the sad reality of high fees

Are the homebuilding stocks ahead of themselves?  (BCA Research)


The US dollar and stocks are moving together of late.  (Bespoke)

The yield curve has steepened.  (StockCharts Blog)

Hot money is gushing out of junk bond funds.  (FT, Income Investing)

Are some funds going to blow up based on the big Japan reversal?  (Buttonwood)

The rush to risk is over for now.  (FT Alphaville)

A bullish sign for oil equities.  (Charts etc.)


Building a better moving average.  (Empiritrage)

Why you need a ‘trading cave.’  (StockCharts Blog)

Is there an explanation for the ‘Sell in May’ phenomenon?  (Brett Arends)

Low risk investing without industry bets.  (SSRN via Pragmatic Capitalism)

Physics is not the right model for Wall Street: a review of James Owen Weatherall’s The Physics of Wall Street.  (Aleph Blog)


What is Apple ($AAPL) spending all that money on?  (Minyanville)

France Telecom ($FTE) is cheap.  (SumZero)


The number of TBTF institutions keeps growing.  (Economist)

Q2 is shaping up well for the investment banks.  (MoneyBeat)

John Paulson wants you to stop talking about his big gold bet.  (WSJ)


Japan’s national pension fund is loading up on stocks.  (WSJ, Bloomberg)

The ECB is reluctant to go negative.  (Gavyn Davies)

Canada had a blowout employment report for May.  (Globe and Mail)


The May NFP report shows a healthy jump in unemployment.  (Calculated Risk, Quartz, Capital Spectator, Real Time Economics, Wonkblog, Daniel Gross, Tim Duy, FT Alphaville)

What kind of jobs growth do we need to keep the unemployment rate flat?  (Real Time Economics)

The mortgage refi boom is likely over.  (FT Alphaville)

Earlier on Abnormal Returns

Asset allocation and the challenge of avoiding tunnel vision.  (Abnormal Returns)

Mixed media

Startups are increasingly advertising on television.  (Pando Daily)

A good library is filled mostly with unread books.  (Farnam Street)

Why no one reads to the end of articles online any more.  (Slate)

The (music) world still needs human editors.  (Fast Company)

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

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to If you click on my links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
  • Tadas ViskantaAbnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »

  • StockTwits Follow Abnormal Returns on StockTwits Follow Abnormal Returns on Twitter Follow StockTwits on Facebook Subscribe to Abnormal Returns RSS via Email Subscribe to Abnormal Returns RSS
  • Recent Posts

  • Archives

  • Join StockTwits
  • Get Updates!

    100% Privacy. We don't spam.