Quote of the day

Noah Smith, “Macro-tainment contains no actionable information.”  (Bloomberg View)

Chart of the day

XHB_0714

Homebuilders have been having a rough time of it.  (@jessefelder)

Bonds

Why a tick up in Treasury yields shouldn’t be all that surprising.  (Sober Look)

Stocks and bonds are once again moving together.  (Afraid to Trade)

Sectors

Beware the weakness in the financial sector. (Andrew Thrasher)

Taking a closer look at the energy sector.  (Millenial Invest)

Strategy

Patrick O’Shaughnessy, “Some of the outperformance of the value strategy comes because it forces you to never own the really expensive, popular stuff which tends to do terribly in the market.”  (Patrick O’Shaughnessy)

Momentum profits are highly variable over time.  (Larry Swedroe)

Companies

On the downside of tax inversions for taxable investors.  (Focus on Funds)

Claire Suddath, “Given all the choices out there, people just aren’t drinking as much Coke.”  (Businessweek also WSJ)

Samsung’s market share in smartphones is falling.  (Quartz)

Finance

Rethinking stock buyback execution.  (CFO via Market FOlly)

Buyout firms are trading amongst themselves.  (WSJ)

An analysis of what makes analysts cover a stock.  (David Merkel)

Why Calpers is stepping away from hedge funds.  (FT Alphaville)

Global

Why emerging markets have more room to run.  (A Wealth of Common Sense)

Why aren’t emerging markets credit investors reacting more to Argentina’s default?  (FT)

Economy

Weekly initial unemployment claims are solidly at pre-crisis levels.  (Calcualted Risk)

The Chicago Business Barometer showed a big decline.  (Business Insider)

Breaking down the Q2 GDP report.  (Econbrowser)

Earlier on Abnormal Returns

What you might have missed in our Wednesday linkfest.  (Abnormal Returns)

Mixed media

Why your office is so darn cold this summer.  (Fast Company)

Germophobes should embrace the fist bump vs. the hand shake.  (Scientific American)

Can the Timeful app make for a more produtctive day?  (Recode)

You can support Abnormal Returns by visiting Amazon. Don’t forget to 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.