Book notes: Top Dog: The Science of Winning and Losing by Po Bronson and Ashley Merryman is an “intriguing investigation into competitive fire.” (Reading the Markets)
Quote of the Day
"But can anyone reliably beat the market with funds that are designed only to match the market?"
(Jason Zweig)
Chart of the Day
Despite a slump in lumber prices, timber-related ETFs are having a good year.
Markets
- Chinese speculators are leveraging up to buy stocks. (wsj.com)
- Is the junk bond market oversold? (thefatpitch.tumblr.com)
- What happens when oil gets cut in half. (thereformedbroker.com)
- Should you be worried about weakness in the Transports? (humblestudentofthemarkets.blogspot.com)
Valuations
- Why stock market investors shouldn't be that worried about higher interest rates. (brooklyninvestor.blogspot.com)
- Why you can safely ignore Tobin's Q. (crossingwallstreet.com)
- The press needs to be a bit more credulous when it comes to valuation metrics. (pragcap.com)
Trading
- Successful traders need to find their own niche. (mikebellafiore.tumblr.com)
- How would you pitch your trading regime to an outsider? (traderfeed.blogspot.com)
- Sometimes you just have get away from the screens. (dragonflycap.com)
Companies
- Ad tech companies are expensive. (businessinsider.com)
- Why energy GPs are scooping up their MLPs. (sl-advisors.com)
Finance
- Hedge funds are closing: managers blame the hassle of outside investors. (nytimes.com)
- In illiquid markets middlemen often want to capture all the value for themselves. (bloombergview.com)
- Carlyle Group ($CG) is coming back to Silicon Valley. (blogs.wsj.com)
Funds
- The active ETF space is still wide open. (awealthofcommonsense.com)
- Active managers are feeling the heat from outflows. (wsj.com)
- What asset managers are most exposed to fixed income? (ft.com)
- Why institutions love bond ETFs. (etf.com)
Global
- China is fighting hard against deflationary forces. (blogs.ft.com)
- European companies have never really gotten the buyback bug. (blogs.wsj.com)
Economy
- Growth hiccups keep putting the Fed back on their heels. (wsj.com)
- How worried should we be about weak industrial production? (capitalspectator.com)
- What if the economy never returns to "normal"? (nytimes.com)
- Why the economic recovery feels so hit or miss. (washingtonpost.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Research links: active fund picking. (abnormalreturns.com)
- Top clicks this past week on the site. (abnormalreturns.com)
- The third edition of our book link round-up. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
