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.