List: JP Morgan’s books of eleven books for summer including Steven Poole’s Rethink: The Surprising History of New Ideas. (BI)
Quote of the Day
"The world is not going to be all cap-weighted, and it’s not going to be all quant. Somebody has got to actually look at companies."
(Cliff Asness)
Chart of the Day

A Fed rate hike would put the Fed funds rate on par with the 1 year Treasury.
Markets
- If you can't handle a market drawdown maybe you are in the wrong place to start. (thereformedbroker.com)
- Looking for a good old fashioned bear market? Check out coffee. (kimblechartingsolutions.com)
Strategy
- The stock market MAY crash, but constantly calling for one isn't helpful. (awealthofcommonsense.com)
- A market "emotional adjustment" is on the way. (theirrelevantinvestor.com)
- Wall Street is full of market myths. (fortunefinancialadvisors.com)
- How one small foundation trounced the "big guys." (etf.com)
Offers
- Amazon's line of Alexa-powered Echos are on sale including the Echo for just $139.99. (amazon.com)
- In honor of you-know-who you can currently get $19.89 off an Amazon Music Unlimited plan. (amazon.com)
- Sign up for a free trial to Audible.com and two free books including Eric Barker's "Barking up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong." (amazon.com)
- Amazon's entire line of Kindles are on sale including the Paperwhite for just $99.99 (amazon.com)
Apple
- Steven Sinofsky, "Apple released a massive amount of software this past week." (medium.learningbyshipping.com)
- The iPad Pro is not yet a suitable laptop replacement. (nytimes.com)
Retail
- Shopping malls are being forced to change their mix. (wsj.com)
- Another retailer, Gymboree, bites the dust. (businessinsider.com)
Finance
- Will IEX become more than just a niche player? (wsj.com)
- Bank analyst Mike Mayo joins Wells Fargo ($WFC). (ft.com)
- Viking Global Investors is returning $8 billion back to investors. (nytimes.com)
Team Abnormal Returns
- Purchase a membership to Abnormal Returns and get a free book! While supplies last. Details here: (abnormalreturns.com)
- Stay up-to-date with all of our posts via our free daily e-mail newsletter. (abnormalreturns.com)
State and local
- Illinois is a failed state. (politico.com)
- Boston's MBTA pension fund is more underfunded than currently thought. (advisorperspectives.com)
Earlier on Abnormal Returns
- ETF links: fighting over scraps. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- A link to all the questions in this week's series of Blogger Wisdom posts. (abnormalreturns.com)