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
"Money managers have a duty to their clients. Full stop. They shouldn’t let their attitudes or personal beliefs stand in the way of security analysis."
(Jared Dillian)
Markets
- Stocks trade on changing expectations not the past. (thereformedbroker.com)
- April is on track to be a historically good month for the stock market. (crossingwallstreet.com)
Strategy
- Watch what investors do, not what they say. (ofdollarsanddata.com)
- Zero interest are going to cause all sorts of weirdness. (awealthofcommonsense.com)
- Historically holding long term Treasuries has not required much of a trade-off, however not any more. (morningstar.com)
E-commerce
- A distribution stack has formed as a counterweight to Amazon ($AMZN). (stratechery.com)
- Shopify ($SHOP) has launched its own app. (fastcompany.com)
Companies
- Big Tech has won the crisis. (washingtonpost.com)
- Elon Musk is underwriting the liability insurance for Tesla's ($TSLA) board. (ftalphaville.ft.com)
- Hard not to be impressed by the turnaround at Snap ($SNAP). (wsj.com)
Funds
Trends
- Americans are buying more TVs in lockdown. (theverge.com)
- And apparently reading more business news. (axios.com)
- We are also listening to more 'comfort music.' (marginalrevolution.com)
Covid-19
- How the pandemic ends involves a combination of time, social distancing, antivirals and a vaccine. (scientificamerican.com)
- Social distancing is the price we pay for not having cheap, effective Covid-19 tests. (japantimes.co.jp)
- Re-opening the economy is going to fall disproportionately on lower income groups. (nytimes.com)
- This Covid-19 vaccine is showing some promise and will begin broad testing soon. (nytimes.com)
- Now USDA meat inspectors are getting sick. (modernfarmer.com)
Global
- Some signs that Africa may avoid the worst of the coronvirus pandemic. (ft.com)
- How Volkswagen went about reopening its giant Wolfsburg plant. (cnn.com)
Economy
- You cannot invest directly in GDP. (thereformedbroker.com)
- Consumer confidence has tanked. (sentimentrader.com)
- The pandemic has broken prior economic forecasting models. (mrzepczynski.blogspot.com)
- You can't throw money at the economy and not expect some weird stuff to happen. (theirrelevantinvestor.com)
Earlier on Abnormal Returns
- Research links: preannounced trades. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: plan participants. (abnormalreturns.com)
Mixed media
- How to avoid letting your meetings devolve into arguing about trivialities. (fs.blog)
- How you can take steps to reinvent your career during lockdown. (hbr.org)
- Will Covid-19 kill the open office plan? (marketwatch.com)
- Single-spacers have won as Microsoft Word flags two spaces after a period as an error. (theverge.com)
