Monday links: passive overconfidence

Quote of the day

Jared Woodard, “(T)he moment when the consensus approach is to mock hedge funds as a group and to assume that all of the important aspects of an asset class can be captured in an ETF is probably also the moment when the crowd starts lagging more sophisticated investors.”  (Condor Options)

Chart of the day

NLR 0713 513x420 Monday links:  passive overconfidence

Whoever said nuclear energy was dead?  (StockCharts Blog)

Video of the day

Consuelo Mack talks interest rates with Dan Fuss and Rich Bernstein.  (WealthTrack)

Markets

We are still waiting for the Dow Transports to confirm.  (All Star Charts, Ivanhoff Capital)

Implied equilibrium risk premia forecasts.  (Capital Spectator)

Valuations are not all that crazy.  (Dr. Ed’s Blog)

The rest of the world is not ready for higher US interest rates. (AlphaNow)

Books

What is Amazon ($AMZN) without a viable Barnes & Noble ($BKS)?  (NYTimes)

How to save the bookstore.  (Bloomberg)

Companies

Apple ($AAPL) is on hiring spree to get an iWatch to market.  (FT)

Netflix ($NFLX) needs to focus on growing subs.  (WSJ)

Retailers are going high tech in tracking shoppers.  (NYTimes)

Pushback is coming for the high cost of sports broadcast fees.  (WSJ)

Finance

The hedge fund backlash may be here but won’t put much of a dent in them.  (The Reformed Broker)

JP Morgan ($JPM) is bigger today than Citigroup ever was.  (Baseline Scenario)

Are discrete auctions all they are cracked up to be?  (Falkenblog)

Funds

A closer look at ETF liquidity (and volatility).  (IndexUniverse, ibid)

Bill Miller’s recent performance: nothing to see here.  (Chuck Jaffe)

Investors are hot for short-term junk bond ETFs.  (MoneyBeat)

Are target date bond ETFs finally ready for prime time?  (Learn Bonds)

Global

Q2 GDP shows slowing growth in China.  (QuartzFT Alphaville, ibid)

China’s economic growth has not benefited shareholders.  (Bloomberg)

Emerging market bonds look better than they did earlier this year.  (WSJ)

An economy runs on its logistics.  (Economist)

Economy

Q2 US GDP is tracking at 1.0%.  (Calculated Risk)

Retail sales growth remains on track.  (Capital Spectator, Calculated Risk)

The markets are coming to terms with the end of QE.  (Tim Duy)

There is a raging bull market in ethanol credits.  (FT)

Earlier on Abnormal Returns

What you may have missed in our Sunday linkfest.  (Abnormal Returns)

Mixed media

In praise of quiet gadgets.  (Quartz)

On the end of The Oil Drum.  (Buzzfeed Business)

Just who are “the Fragilistas“?  (Farnam Street)

How many Internet domains do we really need?  (WashingtonPost)

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 Amazon.com. If you click on my Amazon.com 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