Book review: Heroes and Villains of Finance: The 50 Most Colourful Characters in the History of Finance by A. Baldwin is a mixed bag. (Enterprising Investor)
Quote of the Day
"Decisions made by management today have compounding consequences in the future. It is why – for better or for worse – the most innocuous headlines or statements can have market moving reactions as investors digest and attempt to extrapolate the long-term consequences of the news."
(Mike Puangmalai)
Markets
- Stock market leadership is thin. (thereformedbroker.com)
- The trend is now bearish. (mebfaber.com)
- The market has an edge for this quarter. (quantifiableedges.com)
Offers
- Sign up for a free 30-day trial to Amazon Prime and get streaming video and audio to boot. (amazon.com)
- Sign up for a trial of Audible.com and get two free e-books in the process including "The Upward Spiral: Using Neuroscience to Reverse the Course of Depression, One Small Change at a Time." (amzn.to)
Funds
- 70% of ETFs have less than $100 in AUM. (next.ft.com)
- Why target date funds are so important. (awealthofcommonsense.com)
- Every single VIX ETP lost money in 2015. (vixandmore.blogspot.com)
Global
Economy
- The December ISM manufacturing index fell below 50. (calculatedriskblog.com)
- Recession talk is still premature. (economistsview.typepad.com)
- A little noticed tax break could help stimulate the economy. (bloombergview.com)
Earlier on Abnormal Returns
- Research links: calendar weirdness. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in December 2015. (abnormalreturns.com)
- Multi-factor madness: insights from Josh Brown's "What I learned in 2015..." post. (abnormalreturns.com)
