Quote of the Day
“Companies still have the money, and institutional investors are still pushing them to buy back their stock.”
(Howard Silverblatt)
Markets
- Trend-following funds have gotten historically long US equities. (finance.yahoo.com)
- Retail investors are pretty delusional when it comes to return expectations. (axios.com)
Strategy
- There is no substitute for direct experience investing. (ofdollarsanddata.com)
- Investors tend to remember positive outcomes from their investments more readily than negative outcomes. (klementoninvesting.substack.com)
- The problem with ESG investing is that it really doesn't have much of an impact. (pragcap.com)
- Beware complexity when it comes to investment strategies. (prestondmcswain.com)
Amazon
- Amazon Prime Day is a great advertisement for Prime itself. (wsj.com)
- The pros and cons of buying from Amazon ($AMZN). (businessinsider.com)
- Porch pirates love Amazon Prime Day. (bnnbloomberg.ca)
Finance
- Q2 saw a record number of mega-rounds. (ft.com)
- Private equity is putting more, actual equity into deals in 2019. (wsj.com)
- Evidence that CLOs are distorting the market for CCC credits. (wsj.com)
Funds
- AI is the new pitch from active managers. (institutionalinvestor.com)
- The ETF Deathwatch for June 2019. (investwithanedge.com)
Global
Housing
- Homebuilder confidence remained steady in July. (calculatedriskblog.com)
- Hispanic home ownership rates are rising. (wsj.com)
- While black home ownership rates are falling. (wsj.com)
- Fintech is changing how we buy (and sell) houses. (urban.org)
Economy
- Industrial production was flat in June. (calculatedriskblog.com)
- Manufacturing output is a lot less important for the business cycle than it used to be. (capitalspectator.com)
- Ten things to know about the future of work. (thebasispoint.com)
Earlier on Abnormal Returns
- Research links: investing in real time. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: encroaching on RIA territory. (abnormalreturns.com)
