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Quote of the Day
"The noise created by the president has been a constant backdrop to the expansion of the U.S. economy that began before Trump was elected and has continued ever since. Until that changes, most of what Trump does will mean little to financial markets."
(Barry Ritholtz)
Markets
- Small caps are handily outperforming large caps YTD. (capitalspectator.com)
- The VIX futures curve is still inverted. (wisdomtree.com)
Strategy
- We really don't understand probabilities all that well. (rcmalternatives.com)
- Select quotes from Brian Portnoy's "The Geometry of Wealth." (theirrelevantinvestor.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Companies
- Why Apple ($AAPL) and Amazon ($AMZN) don't need to buy Hollywood studios. (bloomberg.com)
- What Disney ($DIS) and Comcast ($CMCSK) want with 21st Century Fox ($FOXA). (nytimes.com)
Finance
- SPAC issuance is running at a record rate in 2018. (ft.com)
- Institutional investors don't want their research reading patterns analyzed. (wsj.com)
Funds
- Active management continues to survive due in part to the 'illusion of control.' (evidenceinvestor.co.uk)
- Unconstrained bond funds have outperformed since 2015. (markovprocesses.com)
- Why most quant strategies fail: selection bias. (mathinvestor.org)
Economy
- Weekly initial unemployment claims are at historically low levels. (calculatedriskblog.com)
- Why a September Fed rate hike is pretty much 'a lock' at this point. (blogs.uoregon.edu)
- Online inflation is less than what CPI is saying. (papers.ssrn.com)
Earlier on Abnormal Returns
- Startup links: the current reality. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: higher touch advice. (abnormalreturns.com)
Mixed media
