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Quote of the day

Michael Batnick, “I know that buying low and selling high is how to make money…I also know that virtually nobody buys low or sells high.”  (Irrelevant Investor)

Chart of the day

The Russian stock market is on a two-month tear.  (Bloomberg)

Markets

The stock market can rally on rising volatility.  (Price Action Lab)

Are REITs overheating?  (WSJ)

Portfolio managers are getting increasingly long equities.  (Fat Pitch)

Strategy

How investors should meld narrative and numbers.  (Musings on Markets)

Free portfolios are great but investors need advice.  (ETF)

Companies

Cable wins again. Aereo gets smacked down the Supreme Court.  (The Verge, Quartz, WSJ)

Does Harley-Davidson ($HOG) have a demographic problem?  (Quartz)

Finance

Hedge funds are now a $3 trillion industry.  (Focus on Funds)

Crowdfunding is invading the bond market.  (FT)

Global

The ETF price war in Europe is heating up.  (FT)

Why Mexico is becoming the new China.  (ETF)

Economy

Q1 GDP was worse than thought.  (Bloomberg)

America’s service sector is surging.  (Business Insider)

On the lifelong consequences of student debt.  (New Republic)

Earlier on Abnormal Returns

What you might have missed in our Tuesday linkfest.  (Abnormal Returns)

Mixed media

In defense of being average.  (Fast Company)

On the death of the voice mail.  (NYTimes)

In defense of “tweet storms.”  (Business Insider)

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