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Quote of the Day
"Perhaps success in any field--not just investing--is not just a function of an individual's knowledge, skills, and experience, but their ability to approach the work in a way that meets being-needs, including self-actualization."
(Brett Steenbarger)
June
- How major asset classes performed in June 2019. (capitalspectator.com)
- Everything pretty much went up in June. (mrzepczynski.blogspot.com)
- Small and mid-caps have been underperforming. (allstarcharts.com)
Strategy
- Value hasn't just lagged in the US over the past decade, its a global phenomenon. (wisdomtree.com)
- Looking at stocks that go bankrupt, and how they got there, is a useful exercise for every investor: the case of Dean Foods ($DF). (signalee.com)
Crypto
- Bitcoin's rally in 2019 has outpaced that of other cryptocurrencies. (wsj.com)
- Bitcoin's rise has once again gotten institutions all hot and bothered. (ft.com)
- In the absence of a Bitcoin ETF, the Grayscale Bitcoin Trust ($GBTC) is still getting a lot of attention. (wsj.com)
- If Bitcoin continues to be the currency of choice for scammers, government may step in. (blog.yardeni.com)
- Has Bitcoin become a safe haven asset? (ft.com)
Libra
- Why regulators should nip Libra in the bud. (mondaynote.com)
- Libra has some tax questions that need answering. (ft.com)
Companies
- The US oil and gas industry has been effective of late, but not particularly profitable. (nytimes.com)
- Indications are that Amazon ($AMZN) is going to do more in live sports. (media.thinknum.com)
Finance
- The first half of 2019 saw some $2 trillion in announced M&A transactions. (nytimes.com)
- Hedge fund liquidations outpaced launches for the third consecutive quarter. (pionline.com)
Insurance
- Chubb ($CB) is getting out of the business of insuring coal companies. (ft.com)
- Insurance companies need to give their investment teams some slack. (institutionalinvestor.com)
ETFs
- Why the active ETF structure won't redeem the 80% of existing mutual funds that have no reason for living. (mutualfundobserver.com)
- Why haven't target-date maturity bond ETFs taken off? (bnnbloomberg.ca)
- Bond ETFs now have more than $1 trillion in AUM. (wsj.com)
- Bond ETFs had record inflows in June. (ft.com)
Global
- The Swiss and the EU are in the midst of a stock trading spat. (ft.com)
- Older workers are staying in the labor force longer. (wsj.com)
Economy
- The June ISM shows manufacturing expanded at a slower pace in June than in May. (calculatedriskblog.com)
- A simple term spread model shows a 40%+ probability of recession. (econbrowser.com)
- The US economy is officially in its longest expansion in history. Does it matter? (pragcap.com)
- There is no single statistic that captures underemployment. (bloomberg.com)
Earlier on Abnormal Returns
- Adviser links: getting political. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
