Quote of the day

Gatis Roze, “Despite what you might want to believe, it’s best not to go it alone as an unaccompanied soloist investing in the markets.”  (StockCharts Blog)

Chart of the day

A bum quarter for jobs growth.  (Real Time Economics)


The wall of worry, including falling industrial production, for the Summer enumerated.  (FT also Money Game)

The rally has been able to take out new breadth highs.  (Bespoke)

Higher grain prices equals higher feed costs for meat producers.  (FT)


CTAs had a rough June.  (Businessweek)

Don’t forget about the long cycle.  (Big Picture)


Yahoo! ($YHOO) and Facebook ($FB) kiss and make up.  (AllThingsD)

Amazon ($AMZN) reportedly wants to get into the phone business.  (Bloomberg)


Big changes are coming to the NYSE as it tries to compete.  (WSJ, MarketBeat)

Bank “living wills” not worth the paper they are printed on.  (Dealbreaker)

Which recent hedge fund book has a more realistic take on the industry: The Hedge Fund Mirage or The Alpha Masters? (Economist)


Dear traders: some one is always listening.  (WSJ)

The Libor market outgrew its humble origins…to ill effect.  (NYTimes)

Barclays ($BCS) is going to have to help change Libor procedures.  (FT)

It’s hard to see how banks ever regain public trust.  (Economist)

Looking for clusters in the Libor data.  (Aleph Blog)


The PBOC is “firing on all cylinders.”  (FT Alphaville also Sober Look)

France wants to raise taxes to fill its budget gap.  (Fortune)


Another disappointing non-farm payrolls number for June.  (Calculated Risk, Global Macro Monitor, Economist’s View, Daniel Gross, EconomPic Data, , Free exchange)

Looking at the data absent seasonal adjustments.  (Real Time Economics, Economix)

The household survey is diverging from the establishment survey.  (Modeled Behavior)

What do federal tax withholdings show?  (Big Picture)

Rail traffic is still mixed.  (Pragmatic Capitalism)

Earlier on Abnormal Returns

What you missed in our Friday morning linkfest.  (Abnormal Returns)

Mixed media

Higher college tuition has lead to higher college GPAs.  (Carpe Diem)

Has the US reached ‘peak car‘?  (Scientific American)

How elite swimmers swim.  (Wired)

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.