Quote of the day

James Surowiecki, “It’s easy to be skeptical of the mushy rhetoric surrounding B corps. Yet the desire to balance profit and purpose is arguably a return to the model that many American companies once followed. ”  (New Yorker)

Chart of the day

Quite a debut for El Pollo Loco ($LOCO).  (Business Insider)

Markets

Small caps have been underperforming around the world.  (FT Alphaville)

On the prospects for a growth scare.  (Humble Student)

The Nasdaq has been above its 200 day moving average for a LONG time.  (Price Action Lab)

Putting the effect of geopolitical headlines into perspective.  (FT Alphaville)

Strategy

Will rising interest rates really hurt the stock market?  (Barry Ritholtz)

Why you can safely ignore Shiller’s CAPE ratio.  (Anatole Kaletsky)

Do simple moving average rules add value?  (Alpha Architect)

Good luck short-term traders, taxes are going to get you.  (Barry Ritholtz)

Accomplished performers are driven to master their domain.  (TraderFeed)

M&A

Zillow ($Z) is buying Trulia ($TRLA).  (Dealbook, Bloomberg)

Dollar Tree ($DLTR) to buy Family Dollar ($FDO).  (Dealbook, Bloomberg)

The pharmaceutical industry is beset with M&A.  (WSJ, Dealbook)

Media

Can Reddit monetize its users without wrecking things in the process?  (NYTimes)

Apple ($AAPL) is buying Swell to advance its podcast capabilities.  (Recode, TechCrunch)

Another example of YouTube providing a platform for niche content providers.  (NYTimes)

IPOs

This week is set to be the busiest since 2000 for IPOs.  (MoneyBeat)

Let the airline IPOs begin!  (Fast Company)Is the El Pollo Loco IPO a sign of more consumer-oriented IPOs?  (MoneyBeat)

Fund managers

Mutual fund giant the Capital Group is looking to offer non-transparent ETFs.  (ETF)

We won’t know how the new money market mutual fund rules work until the next crisis.  (Chuck Jaffe)

Are asset managers systematically important? The pros and cons.  (FT Alphaville)

How Charles Schwab ($SCHW) could succeed in the robo-advisor space.  (RIABiz)

Global

Russia owes former Yukos holders $50 billion.  (WSJ, FT, Bloomberg)

Some not so great signs from Europe.  (Dr. Ed’s Blog)

A measure of rising Chinese financial risk.  (Econbrowser)

Economy

Three reasons Janet Yellen remains dovish.  (Sober Look)

An FOMC preview.  (Calculated Risk, FT)

What happens to population patterns if the drought continues unabated in the West?  (Business Insider)

Entering the work force in a recession can set you back for awhile.  (Bloomberg)

Earlier on Abnormal Returns

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

Mixed media

Why you should read Peter Thiel’s forthcoming Zero to One instead of Thomas Piketty’s Capital in the Twenty First Century.  (Falkenblog)

Why people believe hedge fund managers.  (Medium)

Why it is so hard to go out on top.  (Altucher Confidential)

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