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Quote of the Day
“Never buy a fund named after someone. [You get a] total failure of risk control.”
(Gerry Grimstone, until recently chairman of asset manager Standard Life Aberdeen)
Chart of the Day
A lot of Americans could refinance their mortgages if they so choose.
Markets
- 30-year residential mortgage rates are solidly below 4%. (thebasispoint.com)
- Why you can't count on 2%+ savings rates for long. (barrons.com)
- The bond market is a lot more nervous than the stock market. (dashofinsight.com)
Companies
- Seven industries Amazon ($AMZN) could disrupt next. (cbinsights.com)
- How Microsoft ($MSFT) became a trillion-dollar stock, again. (marketwatch.com)
- FedEx ($FDX) Express will no longer deliver packages for Amazon ($AMZN). (nytimes.com)
Finance
- Now the CBOE ($CBOE) wants to slow down HFTs. (wsj.com)
- JP Morgan ($JPM) is the best-in-class US bank. (barrons.com)
Global
Economy
- What various models are saying about the prospect of a recession. (econbrowser.com)
- Employment and housing are strong, manufacturing not so much. (fat-pitch.blogspot.com)
- A succinct summary of the week's big economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: Airpod society. (abnormalreturns.com)
