Don’t miss out on any Abnormal Returns content. Sign up for our daily newsletter.

Quote of the Day

"Perhaps this evolution in the investment management industry, from the rarified work of pioneering nerds to well-designed portfolios for the masses, is nothing more—or less—than progress."

(Andy Clarke)

Chart of the Day

S&P 500 sectors are sitting at very different positions relative to their 52-week highs.