Wednesday links: the end of the relentless bid

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Quote of the day

Josh Brown, “The Relentless Bid era has come to a close. This is the next era, it’s already begun.” (The Reformed Broker)

Chart of the day

Gasoline prices keep falling. (Bespoke)

Markets

Junk bonds have been saying risk-off for months. (All Star Charts)

Trader are loading up on puts. (Ryan Detrick)

Energy stocks are getting crushed. (Bespoke)

Are newbies to blame for the MLP bear market? (MoneyBeat)

200 day moving average

After a historic run the S&P 500 is now below its 200 day moving average. (Short Side of Long)

Does the 200 day moving average work? (Adam Grimes)

Strategy

How often does the stock market correct? (Philosophical Economics)

Good financial decisions only need to be made once. (NYTimes)

Testing the low vol effect among growth and value stocks. (Alpha Architect)

Companies

AbbVie ($ABBV) is rethinking is inversion deal with Shire PLC ($SPHG). (Dealbook, WSJ, Breakingviews)

Who else might buy T-Mobile ($TMUS)? (Yahoo Finance)

Lawrence Cunningham looks at the future of Warren Buffett’s empire in Berkshire Beyond Buffett: The Enduring Value of Values. (Reading the Markets)

Finance

High frequency traders think they are misunderstood and are trying to turn the public opinion tide. (WSJ)

Boards of directors are putty in the hands of activist investors. (Dealbook)

Betterment has a distribution deal with Fidelity Investments. (Buzzfeed Business, NetNet)

Funds

When to break up with your star fund manager. (Guardian, Pensions & Investments)

Economy

Signs of deflation are kicking in again. (The Upshot)

Mortgage rates are falling but refis are sluggish. (Real Time Economics)

Why Nobel Prize winners in Economics are so influential. (Pragmatic Capitalism)

Earlier on Abnormal Returns

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

Mixed media

Do you really want your front door lock online? (WSJ, Recode, BW)

Alaska’s maps are in desperate need of an update. (WashingtonPost)

HBO is going to launch online subscriptions next year. (Recode, GigaOM)

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