[Content alert] We just finished another successful week of Blogger Wisdom. See our wrap-up post here.
Quote of the Day
"Schools don’t assign grades to help future employers identify the best hires; schools assign grades to motivate better student behavior. So, too, do the stars discipline managers to behave in a more shareholder-friendly manner."
(Don Phillips)
Chart of the Day
Since the GFC the yield on stocks has been above that of cash. That is no longer the case.
Markets
- How bonds have done as a portfolio safe haven. (bloomberg.com)
- Investors are pulling back from high yield. (topdowncharts.com)
- On the relationship between oil prices and energy stocks. (pensionpartners.com)
Strategy
- How a suboptimal investment strategy can outperform. (pragcap.com)
- There is solid evidence of a value effect, but little evidence that it can be timed successfully. (etf.com)
- Capital efficiency needs to be taken into account when diversifying a portfolio with alternatives. (investresolve.com)
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Crypto
- How the launch of futures helped pop the Bitcoin bubble. (awealthofcommonsense.com)
- Coinbase may become a SEC-registered broker. (wsj.com)
- Are cryptocurrencies money? (blogs.cfainstitute.org)
Companies
- Just how fast can the Big Four tech stocks grow? (blogs.wsj.com)
- How increased regulation on data sharing could affect companies like Facebook ($FB) and Google ($GOOGL). (aswathdamodaran.blogspot.com)
- Is Amazon ($AMZN) actually bad for the US Postal Service? (nytimes.com)
- Amazon's ($AMZN) Alexa might soon be able to send payments. (wsj.com)
- Some popular apps are leaving the Apple ($AAPL) Watch platform. (slate.com)
Finance
- ICE ($ICE) is set to buy the Chicago Stock Exchange. (ft.com)
- How some new future contracts are doing. (rcmalternatives.com)
Funds
- The big money managers are investing in AI. To what end? (barrons.com)
- Why did the big bond investors end up in SoCal? (bloomberg.com)
- Why are private equity fees still so opaque? (evidenceinvestor.co.uk)
Economy
- Inflation is here, the only question is how much? (mrzepczynski.blogspot.com)
- The March NFP was a bit of a disappoinment but the unemployment rate stayed at 4.1% (calculatedriskblog.com)
- America's economy looks not dissimilar to Elkhart, Indiana's economy. (wsj.com)
- The digital economy is bigger than it looks. (aei.org)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
Mixed media
