Music notes: Apple Music joins Amazon Prime Music as being available on the Sonos. (Recode)
Quote of the Day
"It's easy to point out the failures in others. The challenge is acknowledging your own shortfalls and taking the hard, but worthwhile, path to becoming better."
(Urban Carmel)
Markets
- It hasn't even been a month and strategists are pulling in their horns. (thereformedbroker.com)
- Fundamentals don't matter much these days. (theirrelevantinvestor.com)
Strategy
- A bear market can happen without a recession. (thereformedbroker.com)
- Economic news continues to diverge from the stock market. (valueplays.net)
- The market drawdown now has the potential to feedback on the economy. (capitalspectator.com)
- The yield curve, 2-10s, is flattening big time. (next.ft.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free classic investment book! (moderntrader.com)
- Sign up for a 30-day trial of Audible.com and get two free books including "The Happiness Track." (amazon.com)
Companies
- Ican Enterprises ($IEP) is sucking wind on its energy investments. (next.ft.com)
- Spinoffs work, but the details matter. (knowledge.wharton.upenn.edu)
Technology
- Technology valuations are converging...at a lower level. (mahesh-vc.com)
- The bear market is going to cool interest in tech IPOs. (next.ft.com)
- Why high-flying startups run into trouble. (bloomberg.com)
- Technology stocks are falling harder and faster than the market. (nytimes.com)
Finance
- AIG ($AIG) is trimming its hedge fund portfolio. (fortune.com)
- 'Corporate runaways' are winning, still. (nytimes.com)
- Wall Street jobs continue to flee NYC. (businessinsider.com)
- Carlyle Group ($CG) is buying back shares. (next.ft.com)
On sale
- The uber-popular Amazon Fire 7" is once again only $39.99. (amzn.to)
- The Kindle Paperwhite e-reader is currently $20 off. (amazon.com)
Earlier on Abnormal Returns
- Personal finance links: the mortal sin of investing. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- I recently appeared on a couple of podcasts. You can check out the "5 Good Questions" and "Going Deep with Aaron Watson" episodes here. (abnormalreturns.com)
