Markets

• Market timers are fleeing the stock market. (marketwatch.com)
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• The longest downtrend in crude oil history is over. (hvst.com)
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Offers

• Subscribe to Modern Trader and one free month, the MT app and access to all past issues. (moderntrader.com)
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• Sign up for Audible.com and get "Smarter Faster Better" by Charles Duhigg for free. (amazon.com)
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• The ultra-cheap tablet, the 6" Amazon Fire, is now $10 off. (amazon.com)
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• You can now get $15 off the Amazon Fire streaming video device. (amazon.com)
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Companies

• Apple ($AAPL) really wants the iPad to be a business-ready machine. (next.ft.com)
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• Why Amazon ($AMZN) bought a stake in Atlas Air Worldwide ($AAWW). (bloomberg.com)
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• Is there an upper limit on how much time people will spend on Facebook ($FB)? (nytimes.com)
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• Is Yahoo ($YHOO) set to become a patent troll? (backchannel.com)
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Finance

• Jame Dimon is sick and tired of you taking your banking data with you. (nytimes.com)
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IPOs

• No wonder tech IPOs are in short supply. The prior class of IPOs was a hot mess. (etf.com)
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• Why Chinese companies are so hot to do reverse takeovers to go public. (reuters.com)
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Hedge funds

• A reasonable take on the future of the hedge fund industry. (awealthofcommonsense.com)
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• Hedge funds have not delivered on their promise. (economist.com)
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• MetLife ($MET) is kicking hedge funds to the curb. (next.ft.com)
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Funds

• The right reason to buy a low-vol fund. (blogs.wsj.com)
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• Why indexing will prevail over all the flavors of smart beta per John Bogle. (capitalspectator.com)
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Economy

• The unemployment rate stayed at 5.0% in the April NFP report. (calculatedriskblog.com)
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• The April jobs report in 9 graphs. (blogs.wsj.com)
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• The bond market has little reason to fear from this report. (crossingwallstreet.com)
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• Why you can discount any single NFP report. (dashofinsight.com)
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Earlier on Abnormal Returns

• Podcast links: better horse betting. (abnormalreturns.com)
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• What you missed in our Thursday linkfest. (abnormalreturns.com)
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• What books Abnormal Returns readers purchased in April 2016. (abnormalreturns.com)
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Mixed media

• Kentucky Derby picks for the value investor. (bloomberg.com)
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• A look at the morning line at Churchill Downs. (nytimes.com)
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• How the race will be won. (si.com)
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