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Quote of the Day
"John Rockefeller’s fabulous wealth couldn’t buy plane travel, internet access or TV during his lifetime. Many of us today enjoy a higher standard of living than the richest people did several decades ago."
(Simon Lack)
Chart of the Day
Portfolio managers love emerging markets, UK stocks not so much. (via @ukarlewitz)
Markets
Strategy
Crypto
- Signs of a Crypto Spring are here. (avc.com)
- Why Bitcoin just doubled. (thereformedbroker.com)
- Why Bitcoin is not Gold 2.0. (etf.com)
Companies
- Google ($GOOGL) and Amazon ($AMZN) are increasingly encroaching on each other's turf. (nytimes.com)
- Reverse-engineering Beyond Meat's ($BYND) (high) valuation. (ftalphaville.ft.com)
- More CEOs lost their job in 2018 due to ethical lapses than performance. (washingtonpost.com)
Finance
- Credit card charge-offs are heading higher. (bloomberg.com)
- Crowdstrike ($CRWD) files to go public. (cnbc.com)
Funds
- Fidelity is bringing its securities lending in-house. (bloomberg.com)
- The Quadratic Interest Rate Volatility and Inflation Hedge ETF ($IVOL) is designed to profit from fixed income market volatility. (institutionalinvestor.com)
- The Acquirers Fund ($ZIG) launches today. (etf.com)
Global
Economy
- Homebuilders are still pretty confident in May. (calculatedriskblog.com)
- Industrial production dropped in April. (calculatedriskblog.com)
- US birth rate falls to 32-year low. (apnews.com)
- Many rural areas in the US are doomed to decline. (citylab.com)
Earlier on Abnormal Returns
- Personal finance links: offsetting bad luck. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: extracting lessons from the past. (abnormalreturns.com)
- What's with all the hype around portfolio rebalancing? (abnormalreturns.com)
