Review: Scott Nation’s A History of the United States in Five Crashes is a “pleasure to read.” (WSJ)
Quote of the Day
"The lesson of the California Roll is simple — people don’t want something truly new, they want the familiar done differently."
(Nir Eyal)
Markets
- The stock market has already hit strategists' targets for year-end. (bloomberg.com)
- The world's stock markets had a great first half of the year. (thereformedbroker.com)
- It's hard to see how corporate bond yields fall much further. (bloomberg.com)
Strategy
- Does the day of the month matter for TAA strategies? (allocatesmartly.com)
- On the benefits of relaxation training. (traderfeed.blogspot.com)
Screaming Kindle Deals
- "Homo Deus: A Brief History Tomorrow" by Yuval Noah Harari is just $3.99 for the Kindle. (amazon.com)
- "Wait, What?: And Life's Other Essential Questions" by James E. Ryan is just $2.99 for the Kindle. (amazon.com)
- "Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are" by Seth Stephens-Davidowitz is just $1.99 for the Kindle. (amazon.com)
Companies
- Could Amazon's ($AMZN) rise kick off a capex boom? (thereformedbroker.com)
- It's hard to overestimate the impact of the Apple ($AAPL) iPhone. (daringfireball.net)
- The threat to technology's monopolists isn't competitors but anti-trust regulators. (exponent.fm)
Banks
- Berkshire Hathaway ($BRK.A) is now the largest holder of Bank of America ($BAC) stock. (wsj.com)
- Buybacks are back...courtesy of the big banks. (bloomberg.com)
- America's big banks have an 'all clear' signal. (nytimes.com)
- The exodus of traders from banks to hedge funds is reversing. (bloomberg.com)
Finance
- Oaktree ($OAK) is getting into the BDC via an acquisition. (wsj.com)
- Mortgage trades know a lot about you. (bloomberg.com)
- The SEC is going to allow all companies to file confidential IPOs. (nytimes.com)
- Redfin, the popular real estate listings site, has filed for IPO. (techcrunch.com)
Membership
Funds
EBI West
- A diary from the Evidence-Based Investing Conference West. (evidenceinvestor.co.uk)
- A few highlights from the Evidence-Based Investing Conference West. (blog.alphaarchitect.com)
Amazon Prime Day
- Amazon Prime Day is coming! Get the best deals available until the holidays. (money.cnn.com)
- Make sure you are a Prime member to take advantage of the Summer's best sales. (amazon.com)
Economy
- The threat from a robot takeover is overhyped. (ft.com)
- The US fertility rate just hit a historic low. (washingtonpost.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the July 4th week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in June 2017. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: digital monopolies. (abnormalreturns.com)
