Review: Jerry Z. Muller in The Tyranny of Metrics highlights the hazards of ‘metric fixation.’ (Reading the Markets)
Quote of the Day
"Allowing your partisan views to get in the way is a mistake. The tax cut are a large and potent stimulus. There is no rational way to reach any other conclusion."
(Barry Ritholtz)
Markets
- American households are holding a historically high level of equities. (bloomberg.com)
- The stock market has a ways to fall just to be flat on the year. (theirrelevantinvestor.com)
- The 2-year Treasury now yields more than the S&P 500. (crossingwallstreet.com)
Strategy
- Do bond yields demonstrate momentum? (pragcap.com)
- Don't ever brag in public about how money you have in your 401(k) account or any account for that matter... (marketwatch.com)
Crypto
Companies
- Amazon ($AMZN), Berkshire Hathaway ($BRKB) and JP Morgan Chase ($JPM) are teaming up to form a new, independent health care company. (nytimes.com)
- Health care stocks did not care for the news above. (businessinsider.com)
Finance
- The case against share buybacks. (ft.com)
- Some tales from the "bleeding edge" of the credit markets. (wsj.com)
- In praise of Jamie Dimon as CEO of JP Morgan Chase ($JPM). (thereformedbroker.com)
Funds
- Nir Kaissar, "It’s no accident that investors are flocking to Vanguard." (bloomberg.com)
- Vanguard dominates the list of the 25 mutual funds with the most inflows in 2017. (beta.morningstar.com)
- By any measure, women are underrepresented in fund management. (bloomberg.com)
Economy
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Earlier on Abnormal Returns
- Research links: a new regime. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: an unfair fight. (abnormalreturns.com)
