Quote of the day

David Merkel, “A vehicle holding assets [i.e. ETP] may appear more liquid than the assets themselves, but that is only true in bull markets.  When bad times come, the liquidity proves elusive, particularly for large trades.”  (Aleph Blog)

Chart of the day


Sign of the times? Utilities had a rough week.  (StockCharts Blog)


Once again with feeling: the stock market is not the economy.  (Business Insider)

Why good news is still good news for the market.  (A Dash of Insight)

Checking in on some popular market valuation measures.  (Above the Market)

Four surprises markets faced in the first half of 2014.  (Investing Caffeine)

Have metals bottomed?  (The Short Side of Long)


Why investors should be wary of having too much in their own company’s stock.  (Jason Zweig)

When to be a contrarian.  (Dragonfly Capital)

The best websites for quants.  (Barron’s)


Does your trading reflect your own “signature strengths“?  (TraderFeed)

Investors and traders have very different timeframes.  (Gatis Roze)

On the parallels between trading and startups.  (Points and Figures)


Why more investors are likely to flee dark pools.  (NYTimes)

Fidelity is getting tougher on executive compensation schemes.  (FT)

Where did all the volume go?  (MoneyBeat)


Target-date mutual funds are taking over the world.  (Barron’s)

How to build a portfolio using only index funds.  (Jonathan Clements)


The world can’t get enough German luxury cars.  (Quartz)

Why American cars are getting more fuel efficient.  (Vox)

Self-driving semis are on the horizon.  (NYTimes)


Reviewing 10 big economic questions for 2014.  (Calculated Risk)

Rail traffic is growing like crazy.  (Business Insider)

Jobs growth now seems more self-sustaining.  (Econbrowser, Wonkblog)

What now for the FOMC hawks?  (Tim Duy)

A look back at the economic week that was.  (Bonddad Blog, Big Picture)

The economic schedule for the coming week.  (Calculated Risk)

An interview with Mark Thoma about economics and blogging.  (Incomics Blog)

Earlier on Abnormal Returns

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

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

Mixed media

The summer’s most un-read book is…. (WSJ)

How to teach your kids how to tie their own shoes.  (EconLog)

On the benefits of spending time alone.  (TraderFeed)

You can support Abnormal Returns by shopping at Amazon. Don’t forget to 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.