Here are seven (or so) links at 7AM Eastern. We will see you later with the daily linkfest. Good luck out there.
Markets
The big market indices are breaking recent trendlines. (Global Macro Monitor)
Analysts are projecting even higher profit margins. (Money Game)
Yield seeking
Want yield? Emerging market corporate bonds are the hot new thing. (WSJ)
High dividend yields often come with outdated business models. (YCharts Blog)
Tech
Why did Facebook ($FB) buy Instagram for $1 billion? (GigaOM, SplatF, Dan Primack, Pando Daily)
Did Microsoft ($MSFT) overpay for AOL ($AOL) patents or did it reset patent prices? (WSJ, CNet)
Global
China is once again a net exporter. (FT Alphaville)
The Mexican Peso doesn’t get any respect. (MarketBeat)
Economy
Employment growth may be higher than commonly thought. (MacroAdvisers)
Comparing this recovery to past recoveries. (Econbrowser)
Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.