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Quote of the Day
"It’s natural to try to convert uncertainty into risk by gorging ourselves on available information."
(Arthur Brooks)
Chart of the Day

Just how much investors have favored the Nasdaq vs. the S&P 500. (via @sentimentrader)
Strategy
- Why aren't stocks down more? (theirrelevantinvestor.com)
- Is the 60/40 portfolio relevant in the age of 0% interest rates. (capitalspectator.com)
Apple
- Apple ($AAPL) is planning to start selling Macs using their own chips. (bloomberg.com)
- With the 2020 iPhone SE you get pretty much what you see. (daringfireball.net)
Zoom
- Zoom's ($ZM) user count has jumped 50%, or 100 million, since April 1st. (bloomberg.com)
- What made Zoom ($ZM) the bigger winner in the pandemic? (fastcompany.com)
- Courts are conducting some business via Zoom ($ZM). (theverge.com)
Business
- The wedding industry has been wholly disrupted by the pandemic. (fastcompany.com)
- Will anyone want diamonds on the other side of this? (bloomberg.com)
- How consumer spending has changed across countries. (visualcapitalist.com)
Banks
- Banks are cutting credit card limits for customers amidst the pandemic. (thereformedbroker.com)
- The big get bigger: four banks gained the lion share of deposits in Q1. (wsj.com)
- The big banks played favorites when it came to access to PPP loans. (nytimes.com)
Finance
- Rating agencies have placed more than 1,000 slices of debt backed by leveraged loans on review for downgrades. (ft.com)
- Nobody is going to be trading secondary stakes in private equity funds if they can't value them. (institutionalinvestor.com)
- Hedge funds are hoping the pandemic will allows them to make a comeback. (economist.com)
ETFs
- An explanation for why AUM surged at the United States Oil Fund ($USO) in the last month. (ftalphaville.ft.com)
- You knew it was coming: coronavirus-themed ETFs are coming to market. (barrons.com)
- ETF trading issues have been overhyped. (ritholtz.com)
- Adverse actions for energy-related ETPs are on the rise. (sentimentrader.com)
Covid-19
- Why society is so shaken by the coronavirus: we didn't think it could happen here. (collaborativefund.com)
- Bill Gates on the four things we need, including more testing, to re-open the economy safely. (washingtonpost.com)
- The coronavirus was here, and spreading, earlier than previously thought. (nytimes.com)
- Researchers are looking intensely at the role hypertension, and hypertension drugs, may play in the role of coronavirus progression. (reuters.com)
- We can't track the coronavirus without some sacrifice of privacy. (project-syndicate.org)
- Coronavirus misinformation can be traced to higher death rates. (ritholtz.com)
- How wearing a face mask can help you and others. (theatlantic.com)
Economy
- 4.4 million more Americans filed initial claims for unemployment last week. (calculatedriskblog.com)
- Relief payments are hitting Americans' bank accounts. (thereformedbroker.com)
Earlier on Abnormal Returns
- Startup links: powerful narratives. (abnormalreturns.com)
- Engaging content takes consistent work, just ask the Steak-umms Twitter guy. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: dollar vintages. (abnormalreturns.com)
- March 11th is going go down as a crucial day in the story of the coronavirus. (abnormalreturns.com)