Book review: Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley by Antonio Garcia Martinez is “a particularly compelling read, despite its faults.” (NYTimes)
Quote of the Day
"Give me the self-effacing portfolio manager that just does the work and isn’t a blowhard or a promotional machine. They tend to put things in perspective and, if their name is on the door, build organizations that last."
(Tom Brakke)
Chart of the Day
Why aren’t more people talking about the performance of REITs?
Markets
- Junk bonds led the market higher last week. (capitalspectator.com)
- A bullish set-up over the next month. (quantifiableedges.com)
- Negative yields are freaking everywhere. (wsj.com)
- Sector performance since the last all-time high for the S&P 500. (bespokepremium.com)
- About that new all-time high. (thereformedbroker.com)
Strategy
- Is the foundation of managed futures shifting? (managed-futures-blog.attaincapital.com)
- On the value of combining a momentum strategy with managed futures. (systematicrelativestrength.com)
- Gold is more like a collectible than anything else. (pragcap.com)
Offers
- Amazon Prime Day is coming July 12th. Don't miss out on exclusive deals. (amazon.com)
- Subscribe to Modern Trader magazine and get 4 bonus offers. (moderntrader.com)
- Try Audible.com and get two free books like "Smarter Faster Better" by Charles Duhigg. (amazon.com)
Companies
- Google ($GOOGL) apps are better on iOS than Android. (theverge.com)
- Pretty soon everyone is going to be an Amazon ($AMZN) Prime subscriber. (qz.com)
Finance
Global
- How long can Germany continue to run an external surplus? (next.ft.com)
- Invesco ($IVZ) hedged against Brexit using puts on the British Pound. (wsj.com)
- On the depopulation of Japan. (marginalrevolution.com)
Economy
Earlier on Abnormal Returns
- Research links: sandbagged earnings. (abnormalreturns.com)
- The big mid-summer Abnormal Returns book giveaway is now live. Enter now! (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
