Book Q&A: Patrick O’Shaughnessy probes Ben Carlson about his new book A Wealth of Common Sense. (Investor’s Field Guide)
Quote of the Day
"..if you add even a little bit of the right kind of feedback into an economic system, it becomes unstable.
(Noah Smith)
Markets
- Are quants the new systemic risk? (thereformedbroker.com)
- It is hard not to be awed by the run in biotech stocks. (wsj.com)
- Money is ebbing out of fixed income funds. (businessinsider.com)
- June options expiration week does not have a good track record. (quantifiableedges.com)
- Hedge funds hate silver. (shortsideoflong.com)
Strategy
- Good luck trying to make a career or calling market tops and bottoms. (theirrelevantinvestor.tumblr.com)
- Active managers are taking on more risk. (thereformedbroker.com)
Companies
- How much cash is too much for Apple ($AAPL)? (aboveavalon.com)
- There is a box car shortage. (wsj.com)
- Why the tech industry needs more IPOs. (ft.com)
Finance
- There are now a record number of hedge funds worldwide. (reuters.com)
- Dedicated short selling funds are a dying breed. (ftalphaville.ft.com)
- Publicly traded PE firms are at a bit of a crossroads. (ft.com)
Funds
- The S&P 500 Low Volatility ETF ($SPLV) holds almost no utilities. (etf.com)
- The PureFunds ISE Cyber Security ETF ($HACK) has garnered in excess of $1 billion in AUM. (marketwatch.com)
- Alternative asset mutual funds are seeing a slowdown in inflows. (bloomberg.com)
Global
Economy
- The Chicago Fed National Activity Index showed below average growth in May. (calculatedriskblog.com)
- Economic policy wonks are agreeing more and more. (bloombergview.com)
- The economic expansion is quite long-lived. (blog.yardeni.com)
Earlier on Abnormal Returns
- Research links: activism side-effects. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
