Book notes: 15 insights from Brett Steenbarger’s new book Trading Psychology 2.0: From Best Practices to Best Processes. (Ivanhoff Capital)
Quote of the Day
"There is NO such thing as passive investing. There are only varying degrees of active investing."
(Howard Lindzon)
Strategy
- How political candidates are like momentum stocks. (linkedin.com)
- Being globally diversified has been a big loser of late. (blog.alphaarchitect.com)
- A new way to visualize sector momentum. (dynamichedge.com)
- If you don't understand duration you don't understand bonds. (awealthofcommonsense.com)
Offers
- With Karma Go from @yourKarma you can take WiFi with you everywhere. Use my code for $10 off yours! (yourkarma.com)
- Modern Trader Magazine—the essential journal for professional traders and active investors. Check out this special subscription offer including a free investment classic! (moderntrader.com)
- Why bother buying a case when Amazon ($AMZN) is selling Fire tablets for $49.99? (amzn.to)
Companies
- US CFOs think the stock market is overvalued. (blog.alphaarchitect.com)
- Why Caterpillar ($CAT) is getting crushed: commodities and emerging markets. (bloomberg.com)
Finance
- There has never been a better time in history to be a borrower. (washingtonpost.com)
- Peer-to-peer lender Prosper is buying BillGuard. (ft.com)
- Why firms should hire more female traders. (bloombergview.com)
ETFs
- We are entering capital gains season. Beware. (news.morningstar.com)
- Vanguard is launching international versions of its dividend-focused ETFs. (news.investors.com)
- Skepticism about risk-parity reigns supreme. (ft.com)
Global
- Some investors are still betting on further renminbi devaluations. (nytimes.com)
- The trade-weighted renminbi is still well higher from a year ago. (econbrowser.com)
Recession watch
- The probability of a recession is no longer zero per financial market conditions. (capitalspectator.com)
- There is a surge in people Googling the term 'recession.' (ftalphaville.ft.com)
- There is still really little reason for a recession. (scottgrannis.blogspot.com)
Economy
- Weekly initial unemployment claims continue to trend at low levels. (calculatedriskblog.com)
- The Chicago Fed National Activity Index was positive for August. (capitalspectator.com)
- Janet Yellen has a communication problem. (bloomberg.com)
- Financial conditions have tightened. Should the Fed care? (blogs.ft.com)
Earlier on Abnormal Returns
- Longform links: roundabout rules. (abnormalreturns.com)
- A round-up of the book-related links from the past month. (abnormalreturns.com)
- What you might have missed in our Wednesday linkfest. (abnormalreturns.com)
- My Fireside Markets talk with James Osborne of Bason Asset Management. (abnormalreturns.com)
- 'Smart beta 2.0' is the new active management. (abnormalreturns.com)
- A special offer from ETFreplay.com for Abnormal Returns readers. (abnormalreturns.com)
