Quote of the Day
"The Fed is plainly focused on raising rates."
(Tim Duy)
Strategy
- A history of the global equity market. (pragcap.com)
- How to make your own stock market. (crossingwallstreet.com)
- Why you should be leery of hedge funds. (etf.com)
- Does rebalancing add value? (blog.thinknewfound.com)
The Wal-Mart Economy
- Wal-Mart ($WMT) is raising wages for its workers, a la Henry Ford. (buzzfeed.com)
- Thinking about Wal-Mart's plan as stimulus for the rest of the economy. (thereformedbroker.com)
SnapChat
- What is SnapChat worth? (bloombergview.com)
- Comparing SnapChat to already public companies. (fortune.com)
Finance
- Negative interest rates mess with all sorts of fair value calculations. (ft.com)
- Why we need clearer definitions of what constitutes insider trading. (blogs.wsj.com)
- The startup world is going hard against the big banks. (businessinsider.com)
HFT
- One year after "Flash Boys" what has changed? (institutionalinvestor.com)
- High frequency trader Virtu Financial is again trying to go public. (wsj.com)
Economy
- Weekly initial unemployment claims continue to trend below 300,000. (calculatedriskblog.com)
- How negative interest rates are like a "holding charge." (ftalphaville.ft.com)
Earlier on Abnormal Returns
- Longform links: the danger of uniform beliefs. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
