Book review: The Smartest Places on Earth: Why Rustbelts are the Emerging Hotspots of Global Innovation, by Antoine van Agtmael and Fred Bakker provides hope for former industrial hotspots. (FT)
Quote of the Day
"I would say if someone sends you a slick ad on financial services, ignore them. Always. Do your own research. The best firms don’t advertise, because they don’t have to."
(David Merkel)
Chart of the Day
The percentage of NYSE stocks above their 200 day moving average is on the rise.
Markets
- Why crude oil and Russian stock are correlated. (stockcharts.com)
- Why selling overwhelmed the MLP sector (sl-advisors.com)
- Homebuilding is still a plus for the economy. (dashofinsight.com)
Strategy
- Institutional investors are just as bad forecasting market trends as individuals. (blogs.wsj.com)
- Why is Jack Bogle so against investing in international stocks? (greenspringwealth.com)
- The question to ask if you are not fulfilled by your trading. (traderfeed.blogspot.com)
- At least one hedge fund made out on the rise in Valeant ($VRX). (usatoday.com)
Offers
- Download the Kindle app and start reading on any device today. (amazon.com)
- Amazon Prime keeps adding features. Join for a 30-day trial and experience it all. (amazon.com)
- Join Amazon Kindle Unlimited for a 30-day trial and read to your heart's content. (amazon.com)
Apple
- Apple ($AAPL) is reportedly going to revamp the classic iPad form. (appleinsider.com)
- Apple ($AAPL) is also planning to redo the 5.5 inch phones as well. (wsj.com)
Finance
- Fidelity won the Barron's 2016 Online Broker Survey. (barrons.com)
- In support of the IEX application. (rajivsethi.blogspot.com)
- Nontraded BDCs: ugh. (wsj.com)
- Why insiders often get a break. (ftalphaville.ft.com)
Funds
- On the prospects for a smart beta 'crash.' (bloomberg.com)
- Active management is just as futile in Europe. (next.ft.com)
Economy
- Why are Americans increasingly reluctant to move to where jobs are more plentiful? (marginalrevolution.com)
- Bill McBride is still not on recession watch. (calculatedriskblog.com)
- What CEOs had to say about the economy this week. (financecontributors.tumblr.com)
- A succinct summary of the week's economic events. (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)
