Quote of the day

Ray Dalio, “Currency devaluations are good for stocks, good for commodities and good for gold. They are not good for bonds.”  (Barron’s)

Chart of the day

Time for a turnaround in solar stocks?  (chessNwine)


What happens to the S&P 500 after a long run above its 50 day moving average comes to an end?  (WoodShedder)

Defensive sectors, like consumer staples and utilities, are leading the market at the moment.  (Dragonfly Capital)

Equity sentiment is coming off its highs.  (Bespoke)


David Merkel, “Whatever you do, be consistent in your methods regarding momentum/mean-reversion, and only change methods if your current method is working well.”  (Aleph Blog)

Don’t think that bonds can’t have big drawdowns.  (World Beta)

How much should geopolitical events drive your investing?  (The Fiscal Times)

Barton Biggs on market valuations and the attraction of blue chips.  (ValuePlays)


Howard Schultz and the turnaround at Starbucks (SBUX).  (NYTimes)

Why are China MediaExpress Holdings (CCME) shares still halted?  (The Financial Investigator via Stone Street Advisors)

How much is the ‘smart cover’ worth to Apple (AAPL)?  (Asymco)

Twitter seems willing to “bulldoze the ecosystem” that helped build its reach.  (GigaOM)


Kid Dynamite, “Eric Sprott is filing so that he can sell all of his PSLV shares at any time.”  (Kid Dynamite)

It is going to take more than a couple of self-nominated guys to regulate investment advisers.  (WSJ)

The plot thickens in the dueling insider trading cases.  (NetNet)


Can Japan’s economy withstand the costs to rebuild?  (Curious Capitalist, ibid, Bloomberg, Breakingviews, WSJ)

More financial market reactions to the Japanese earthquake.  (DJ Market Talk, MarketBeat)

Expect disruptions to the global supply chain from the Japan earthquake.  (WSJ, NYTimes, @niubi)


The EU reaches ‘a pact for the Euro.’  (WSJ, FT)

Three reasons why a Chinese economic slowdown is “imminent.”  (Pragmatic Capitalism)

Why are foreigners so willing to hold US government debt?  (Credit Writedowns)


The US nuclear “renaissance” is on hold for now.  (WSJ, Politico, WashingtonPost, TheMoneyGoRound also Scientific American)

Two charts that show the domestic private and public credit flows.  (Global Macro Monitor)

Cash on the balance sheets of corporate America continue to grow.  (Real Time Economics)

Earlier on Abnormal Returns

Top clicks this week on Abnormal Returns.  (Abnormal Returns)

Our Saturday long read linkfest.  (Abnormal Returns)

Mixed media

The annual Barron’s survey on what broker is right for your trading style.  (Barron’s)

Abnormal Returns is a founding member of the StockTwits Blog Network.

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.