Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today!
Quote of the Day
"The modern history of financial markets is a chronicle of attempts to control risk—if not eliminate it. One after another, they have all failed."
(Jason Zweig)
Chart of the Day

It’s been a bad month for the 60/40 portfolio. (via @sentimentrader)
Markets
- Muni bonds are once again attractive relative to US Treasuries. (barrons.com)
- We are all just taking a stab at how bad real GDP is going to look. (theirrelevantinvestor.com)
- There never is an all-clear signal in bear markets. (wsj.com)
Strategy
- How can anyone be certain of anything market-related at the moment? (awealthofcommonsense.com)
- It doesn't seem like it now, but opportunities will arise out of this mess. (howardlindzon.com)
- Steps to becoming an 'Investing Buddha.' (safalniveshak.com)
Funds
- VIX ETNs are once again all the rage. (wsj.com)
- A badly designed ETF shows its true colors in the midst of panic. (wsj.com)
Society
- This experience is going to sear itself in the memory of children. (thereformedbroker.com)
- How Covid-19 will change societal attitudes toward risk. (collaborativefund.com)
Pollicy
- It's crazy that members of Congress can trade individual stocks. (gq.com)
- What we learned from TARP last time around. (wsj.com)
- Are we going to get bailouts right this time around? (ritholtz.com)
- We need universal vote-by-mail. (washingtonpost.com)
Leadership
- Governors are on the front lines of the coronavirus fight. (npr.org)
- We had plans for a pandemic, we just didn't follow them. (nytimes.com)
- It's hard not to blame US political leaders right now. (gq.com)
Testing
- Confirmed coronavirus cases is a meaningless statistic. (finance.yahoo.com)
- What accounts for the heterogenity of Covid-19 outcomes? Bad data? (marginalrevolution.com)
- Daily testing is the only way to get back to work, safely. (forbes.com)
- A five-minute Covid-19 test from Abbot ($ABT) will help. (engadget.com)
Global
- How Norway is dealing with the economic fallout of coronavirus. (nytimes.com)
- Hygiene fatigue is happening in Japan. (ft.com)
- Visualizing coronavirus shutdowns by traffic around the globe. (visualcapitalist.com)
Economy
- The economy is undergoing a profound shift in labor needs. (wsj.com)
- A succinct summary of the week's 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: ego and identity. (abnormalreturns.com)