Quote of the Day
"Stocks aren’t fans of deflation, but they really hate inflation."
(Eddy Elfenbein)
Chart of the Day
91% of hedge fund assets are managing by firms with AUM in excess of $1 billion.
Markets
- It's now fashionable to be a bond bear. (themacrotourist.com)
- Momentum still leads the twelve month factor performance derby. (capitalspectator.com)
Strategy
- Downplaying the risks of demographic time bomb for the stock market. (vanguardblog.com)
- Hedge fund investors want strategies not focused on domestic equities (and bonds). (mrzepczynski.blogspot.com)
Crypto
Spotify
- Spotify ($SPOT) should buy Sonos. (om.co)
- Why Spotify ($SPOT) won't become the Netflix ($NFLX) of music. (wsj.com)
- Why a 'Spotify for news' ain't happening. (mondaynote.com)
Funds
- Amazon ($AMZN) could 'blow up' asset management if it so chose. (jirisancapital.com)
- Plan sponsors are none too happy with the way Fidelity is managing its target date funds. (cnbc.com)
- Morningstar ($MORN) has launched a quant tool to rate more funds. (citywireusa.com)
Events
- Tickets for Stocktoberfest East in NYC on April 25th are going quickly. Don't miss out! (events.stocktwits.com)
- If you are in the business of manager due diligence you need to check out Tom Brakke's upcoming workshop in DC. (tjbresearch.com)
Economy
- At some point the buyout boom will crossover into 'dumb' territory. (bloomberg.com)
- 30-year mortgage rates are at levels not seen since 2013. (calculatedriskblog.com)
- The reduction in oil imports is masking a bigger US trade deficit. (wsj.com)
Earlier on Abnormal Returns
- Research links: the case for active management. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: academic backing. (abnormalreturns.com)
- Collectibles are for collecting, not investing. (abnormalreturns.com)
