Book review: Stephen S. Cohen and J. Bradford DeLong authors of Concrete Economics: The Hamilton Approach to Economic Growth and Policy have “written an engrossing, sweeping history of the American economy…” (Reading the Markets)
Quote of the Day
"In short, it makes sense for financial experts to recommend indexing to outsiders, and it makes sense--psychologically, financially, and intellectually--for them to behave otherwise. The conflict exists, but so do the reasons behind it."
(John Rekenthaler)
Chart of the Day
The percentage of NYSE stocks above their 50 day moving average has surged.
Markets
- This measure of investment sentiment indicates lower returns over the next couple weeks. (traderfeed.blogspot.com)
- What to make of negative interest rates. (nytimes.com)
- Don't forget, the election is just one factor of many affecting the markets. (dashofinsight.com)
Strategy
- Why investors should do less. (blogs.wsj.com)
- Gold ain't all that. (thepfengineer.com)
- How good is Warren Buffett really? (evidenceinvestor.co.uk)
- Mark Dow, "I think the rolling global deleveraging we’re going thru keeps a loose cap on Fed rate hikes. Also think the Fed wanted to get a hike on the books to shake the risk tree early and get out in front of growing financial stability concerns..." (markdow.tumblr.com)
- Recency bias is a big problem for traders. (forbes.com)
Offers
- Amazon Prime ($AMZN) is the new, better bundle. (avc.com)
- Check out the bundle now. Sign up for a 30-day Amazon Prime trial here: (amazon.com)
Funds
Global
- 3 changes e-commerce is having on India. (economist.com)
- Some big demographic trends to keep track of. (conversableeconomist.blogspot.com)
Economy
- Ten things going great in America. (motherjones.com)
- What CEOs said about the economy this week. (skrisiloff.tumblr.com)
- Why aren't more Americans working? (bloombergview.com)
- Why isn't more technology spending translating into higher productivity growth? (nytimes.com)
- A succinct summary of the economy this week. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
Offers
- Try Audible.com and Get Two Free Audiobooks including "When Breath Becomes Air." (amazon.com)
- You can join Kindle Unlimited for a 30-day trial and read to your heart's content. (amazon.com)
