Quote of the day
Tyler Craig, “Stocks under institutional accumulation are often alluring buy candidates. If multiple institutions are accumulating a particular stock, it’s as if multiple elephants keep stepping into the same bathtub lifting prices each and every time they look to snatch-up additional shares.” (Tyler’s Trading)
Chart of the day
Consumer confidence is pretty much a “useless as an economic indicator.” (James Bianco)
Markets
Investor sentiment is still elevated. (The Technical Take)
A look at some analogies to today’s market. (Dynamic Hedge)
The top ten trending tickers on StockTwits in February. (Howard Lindzon)
Commodities
India puts the squeeze on global cotton markets. (FT, ETF Trends)
Traders are way long crude oil. (FT Alphaville)
Natural gas powered pickups are coming. (WSJ)
Technology
Investors love technology stocks. (Money Game)
Why we aren’t on the cusp of a tech bubble…yet. (Eric Jackson)
Technology is big business. Where did the fun go? (NYTimes)
Strategy
On the use of models to “see how much we don’t know.” (Portfolio Probe)
Five questions answered about quantitative tactical asset allocation. (World Beta)
There is no shortage of ways to bet on commodities. (WSJ)
Why aren’t there more female traders? (bclund)
Companies
Clarifying and handicapping the who will be Warren Buffett’s successor as CEO of Berkshire Hathaway ($BRKB). (Jeff Matthews)
The Apple ($AAPL) iPhone opportunity in China. (Asymco)
The endgame for BP ($BP) is becoming clearer. (The Source)
Hedge funds
The performance of professional investors shows they have yet come to grips with the post-financial crisis world. (FT)
A better way to calculate performance fees for hedge funds. (FT)
Funds
$VIX ETNs have gotten too big for the $VIX futures market. (FT Alphaville)
A look at the backlog of ETF applications. (ETFolution)
How Jack Bogle’s book Common Sense on Mutual Funds changed one investor. (Rick Ferri)
Target date funds are not all created alike. (Freakonomics)
Global
Emerging market PMIs look decent. (beyondbrics)
Should investors target emerging markets with strong or weak currencies? (beyondbrics)
Housing bubbles compared: Australia vs. Canada. (MacroBusiness)
Economy
The ISM non-manufacturing index for February shows continued growth. (Market Montage, Calculated Risk, Calafia Beach Pundit)
Tough to have a recession if housing and autos don’t cooperate. (Bonddad Blog)
Why do some analysts persist in saying inflation is markedly higher than government stats? (TheArmoTrader)
How much do taxes affect our behavior? (Time)
Education
Why we need good preschools. (The Frontal Cortex)
More statistics on the nation’s bulging student loan portfolio. (Liberty Street Economics)
Disruption is coming to the nation’s universities via MOOCs. (NYTimes)
Earlier on Abnormal Returns
What you missed in our Monday morning linkfest. (Abnormal Returns)
Mixed media
How to make financial content. (The Reformed Broker)
Does your financial guru resemble a cult leader? (Cassandra Does Tokyo)
Do we really need to rank the world’s billionaires on a daily basis? (Bloomberg)
Happy fourth blogiversary, Jake. (EconomPic Data)
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