Coming soon: Andy Weir’s follow-up to The Martian, Artemis: A Novel is ” is wildly entertaining and far-fetched, but stays surprisingly believable..” (Business Insider)
Quote of the Day
"If you view cryptocurrencies as a potential way to increase your traditional wealth, then they belong in traditional asset classes. If you regard them as connections to a new type of wealth, then they need their own class."
(Aaron Brown)
Chart of the Day
Energy stocks have not caught up to the price of oil.
Strategy
- Hopping from one TAA strategy to another, shockingly doesn't work. (allocatesmartly.com)
- The Ivy League endowments badly underperformed a 60/40 portfolio last year. (markovprocesses.com)
Hedge funds
- Hedge funds are having their best year since 2013. (bloomberg.com)
- Hedge funds and managed futures have very different correlation profiles. (mrzepczynski.blogspot.com)
- The argument against hedge funds is pretty straightforward. (marketwatch.com)
- Hedge funds with the most differentiated strategies did NOT outperform. (institutionalinvestor.com)
Sponsored link
Cryptocurrencies
- Americans now Google 'buy Bitcoin' than they do 'buy Gold.' (fortune.com)
- Of course, cryptocurrencies are in a bubble. (bloomberg.com)
- How a Bitcoin ETF could change things. (thereformedbroker.com)
- Open a Coinbase account, trade $100 in cryptocurrencies and get $10 Bitcoin free! (coinbase.com)
- Leo Melamed things Bitcoin is an asset class not a crypto-currency. (reuters.com)
- "Bitcoins lack the essential qualities to make it a viable medium of exchange and store of value." (macro-ops.com)
- Why Bitcoin's energy use is largely a waste. (ft.com)
Companies
- A Broadcom ($AVGO)-Qualcomm ($QCOM) would be a BFD. (nytimes.com)
- Amazon ($AMZN) should buy Spotify. (howardlindzon.com)
- Apple ($AAPL) should buy Netflix ($NFLX). (bloomberg.com)
- Six ways Amazon ($AMZN) could bet into the pharmaceutical business. (bloomberg.com)
Offers
- "Dreaming the Beatles: The Love Story of One Band and the Whole World" by Rob Sheffield is just $2.99 for the Kindle. (amazon.com)
- Buy 3 Echo (2nd Generation) devices, save $50 with code ECHO3PACK. (amazon.com)
- "A Mind For Numbers: How to Excel at Math and Science (Even If You Flunked Algebra)" by Barbara Oakley is just $1.99 for the Kindle. (amazon.com)
Economy
- Millennials are going to become a home buying force. (seeitmarket.com)
- The National Association of Home Builders index still shows growth. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Research links: the appeal of smart beta. (abnormalreturns.com)
- Morgan Housel at the Collaborative Fund included Abnormal Returns on this list of What I Read (And Why). (collaborativefund.com)
- Abnormal Returns ended up #21 on FeedSpot's list of the top 75 trading blogs. (blog.feedspot.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: flipping the script. (abnormalreturns.com)
