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Quote of the Day
"Nothing is perfect, permanent, or personal."
(Ben Casnocha)
Markets
- A look at all the S&P 500 drawdowns since 1871. (capitalspectator.com)
- During volatile periods, 13-F reports may get outdated quickly. (barrons.com)
- Crude oil prices have bounced back. (wsj.com)
Bonds
- Has the stock-bond relationship now unalterably changed? (morningstar.com)
- This is the biggest risk to fixed income investors. (awealthofcommonsense.com)
Strategy
- Failed predictions are just as likely to harden one's views as anything else. (ofdollarsanddata.com)
Companies
- 37 of the Fortune 500 companies are now led by women. (fortune.com)
- TikTok looks more like a media company with the hiring of Disney ($DIS) streaming chief Kevin Mayer. (axios.com)
- DraftKings ($DKNG) is valued like a high-flying SaaS company. (barrons.com)
- Square ($SQ) is also going to let employees work from home indefinitely. (nbcnews.com)
Finance
- UK companies can now offer securities directly to individual investors. (finance.yahoo.com)
- Junior bankers are not getting a break in lockdown. (news.efinancialcareers.com)
- Coffee conglomerate, JDE Peet's, is planning an IPO. (wsj.com)
Housing
- 2020 is projected to be a near-record year for mortgage refinancing. (housingwire.com)
- Over 4 million Americans are now behind on their mortgage payments. (marketwatch.com)
- Housing starts fell some 25% in April. (calculatedriskblog.com)
Online
- Laid-off journalists would do well to take Substack up on its offering. (on.substack.com)
- An example of just how easy it is to clone another website and start earning ad revenue. (cnbc.com)
Funds
- Smaller hedge funds were under pressure even before the pandemic. (ft.com)
- The pandemic has not dimmed interest in alternative investments. (institutionalinvestor.com)
- Value managers are circling the wagons. (institutionalinvestor.com)
Covid-19
- Want to reopen the economy? You're going to have to figure out the bathroom situation. (washingtonpost.com)
- What it's like to ride out the pandemic in Bozeman, Montana. (insider.com)
- Early distancing pays big dividends. (marginalrevolution.com)
- What it's like to train as a contact tracer. (abcnews.go.com)
- What people who believe coronavirus conspiracy theories have in common. (fastcompany.com)
Global
Economy
- Want to avoid a Great Depression? This is what will cost. (theatlantic.com)
- Why there is little chance of a surge in inflation any time soon. (ritholtz.com)
- Entering the work force amidst an economic downturn can have long lasting effects on your career. (nytimes.com)
Earlier on Abnormal Returns
- Research links: real annuity value. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: the major challenge. (abnormalreturns.com)
Mixed media
- Morningstar ($MORN) is moving its big annual conference online this Fall. (investmentnews.com)
- Conference producers are having to rethink everything about their businesses. (nytimes.com)
- When conferences are cancelled there are all sorts of ripple effects including those on restaurants. (sf.eater.com)
