Book notes: Your kids are way too clean. A Q&A with Dr. Shetreat-Klein author of The Dirt Cure: Growing Healthy Kids With Food Straight from Soil. (NYTimes)
Quote of the Day
"As you’re probably painfully aware, the S&P 500 hasn’t made any progress over the last two years. If you’re feeling a little frustrated, I have some bad news for you, this is how stocks works. The stock market doesn’t owe you anything."
(Michael Batnick)
Markets
- The stock market can't keep its eyes off of the price of oil. (bloomberg.com)
- Zero interest rates introduce an X factor into the economy and markets not seen prior. (economist.com)
Strategy
- Global stocks are on sale. (awealthofcommonsense.com)
- How investors of different ages should be thinking about the market rout. (thereformedbroker.com)
- On the value of avoiding extended market drawdowns. (econompicdata.blogspot.com)
Offers
- The uber-popular Amazon Fire 7" is once again only $39.99. (amzn.to)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free classic investment book! (moderntrader.com)
- Sign up for Amazon Prime and get a streaming music service as well. (amazon.com)
Companies
- Yet another big pharma deal this time with Mylan ($MYL). (nytimes.com)
- Tesla ($TSLA) burned through $2.16 billion of cash in 2015. (bloomberg.com)
- It took Apple ($AAPL) six months to acquire 10 million music customers. (aboveavalon.com)
- Is it time for Apple ($AAPL) to go bargain hunting? (hollywoodreporter.com)
Finance
- The PE guys are drooling over the opportunity in newly distressed debt. (next.ft.com)
- What are we to think of a world of negative interest rates. (qz.com)
- Sovereign wealth funds hold a bunch of financial stocks. (bloomberg.com)
- Are subprime auto loans the next 'big short'? (bloomberg.com)
Funds
- Solar energy is winning but solar-related ETFs are not. (etf.com)
- The best take so far on the Vanguard tax issue. (bloombergview.com)
- A primer on closed-end muni bond funds. (news.morningstar.com)
Global
- Why the falling price of oil is a global dividend. (telegraph.co.uk)
- Just how negative can negative interest rates get? (ftalphaville.ft.com)
Economy
- Weekly initial unemployment claims continue to trend below 300k. (calculatedriskblog.com)
- Last Vegas had a good 2015. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: the placebo effect. (abnormalreturns.com)
- Cutting yourself some slack as an investor. (abnormalreturns.com)
- The 2016 Credit Suisse Global Investment Yearbook is out! Download it and read it. (abnormalreturns.com)
- A new Essential Listening is up with episodes on investment complexity, why Uber should IPO and giving constructive feedback. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday 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)
