Review: Adaptive Markets: Financial Evolution at the Speed of Thought by Andrew W. Lo is a thought-provoking “delightful book.” (CFA Institute)
Quote of the Day
"All considered, we find that momentum is quite implementable in real life."
(Cliff Asness)
Markets
- This is historically the most bullish week of the year for the S&P 500. (quantifiableedges.com)
- International equities are now leading the one-year performance chase. (capitalspectator.com)
- Has global volatility bottomed? (seeitmarket.com)
Strategy
- The 'why' in markets are best answered in hindsight. (thereformedbroker.com)
- What a complacent investor looks like. (awealthofcommonsense.com)
- Your financial plan shouldn't be predicated on owning every asset that goes bonkers. (peterlazaroff.com)
- Don't give up on value now. (etf.com)
Books
Crypto
- Bitcoin futures are now trading. (bloomberg.com)
- How Bitcoin miners could hedge with futures. (bespokepremium.com)
- We need Bitcoin options, not futures. (bloomberg.com)
- Parallels between Bitcoin the the Dotcom bubble. (medium.freecodecamp.org)
- A a16z presentation: Decrypting Crypto. (a16z.com)
- Bitcoin transactions are taking longer, and costing more, to complete. (arstechnica.com)
Ray Dalio
- A look at the rules Ray Dalio uses to manage Bridgewater Associates. (bloomberg.com)
- Buy a copy of Ray Dalio's "Principles: Life and Work" and he will give $10 to a charity of your choice. (principles.com)
Amazon
- Amazon ($AMZN) has more private label brands than you think. (l2inc.com)
- How Amazon ($AMZN) picks its 'deals of the day.' (wsj.com)
Finance
- Startup, Prattle, looks to apply NLP techniques to Fed and earnings calls. (bloomberg.com)
- Dark pools are ramping up their AI spending. (institutionalinvestor.com)
- Scammers are now using promoted tweets on Twitter ($TWTR). (ftalphaville.ft.com)
Fund management
Global
- Gavyn Davies, "The models continue to indicate that the probability of recession in the next 12 months is quite low." (ft.com)
- New Zealand has a homeless problem. (ft.com)
Earlier on Abnormal Returns
- ETF links: franchise power. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
