Quote of the day

Barry Ritholtz, “With their [Pimco’s] foray into hedge funds, any suspicion you may have had that the bond bull market was in the 9th inning should be laid to rest.”  (Big Picture)

Chart of the day

NLY Total Return Price Chart

NLY Total Return Price data by YCharts

Jeff Gundlach likes mortgage REITs.  (Income Investing)


The big tech sector companies are really big.  (Avondale Asset)

Investors are fleeing muni bond funds.  (WSJ)

Putting the bond market decline in perspective.  (Pragmatic Capitalism)

Why low CNBC ratings are a good (contrarian) sign.  (Schaeffer’s Trading Floor)


What is a neutral weighting to emerging market equities?  (Capital Spectator)

What should investors do with TIPS?  (Morningstar)

Market closures don’t mean much to long-term investors.  (Rick Ferri)


A big deal brewing: Verizon ($VZ) and Vodafone ($VOD) are talking a wireless deal.  (Bloomberg, FT Alphaville, MoneyBeat)

Starbucks ($SBUX) is transforming itself into a packaged food company.  (Businessweek)


Three things Twitter should do to avoid a Facebook ($FB) IPO debacle.  (FT)

Twitter needs big growth leading up to an IPO, hence conversations.  (GigaOM)


Peer-to-peer lending is becoming increasingly mainstream.  (Reuters)

The online-only investing space is attracting venture capital and competitors.  (Financial Planning)

On the returns to venture capital (and startups).  (SSRN)


How do bond ETF premiums/discounts resolve themselves over time?  (Turnkey Analyst)

Pimco is making a big push into alternative asset funds.  (WSJ)


India has two not-so-great choices.  (Quartz also Alpha Now)

Emerging markets need to avoid big policy errors.  (Free exchange)

A look at two big emerging market currencies.  (VIX and More)

The consensus surrounding Norway’s sovereign wealth fund is fracturing.  (FT)


Q2 GDP revised higher while weekly initial unemployment claims come in near trend.  (Calculated Risk, Bonddad Blog, Bespoke)

Small business optimism is picking up.  (WSJ)

Should we worry about recent housing data?  (Business Insider, ibid)

Earlier on Abnormal Returns

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

Mixed media

On the end of The Oil Drum and why some good blogs don’t last.  (FT Alphaville)

Songza is the best streaming music service.  (Slate)

Google Hangouts is going HD.  (GigaOM)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

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.