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Quote of the Day
"So basically there is a bear market this year, and a strong negative reaction to the pandemic, but it is only in the names that were cheap to start with."
(Drew Dickson)
Markets
- Is US market outperformance all about tech? (wsj.com)
- By this measure, individual investors are still cautious. (sentimentrader.com)
- A look at muni bond yields relative to Treasuries and corporates. (mrzepczynski.blogspot.com)
- All the world's markets in one visualization. (visualcapitalist.com)
Strategy
- As with most things in life, portfolio rebalancing comes with its own tradeoffs. (morningstar.com)
- Brett Steenbarger, "If we have a need to make money, our greed will control us. The more we need something, the more it controls us." (traderfeed.blogspot.com)
Crypto
Business
- A review of SpaceX's successful manned space launch yesterday. (slate.com)
- How did Peloton ($PTON) turn a commodity into a business? (thewaiterspad.com)
- How world-famous Wegman's has had to change their approach amidst the pandemic. (wsj.com)
Sports
- Why the major sports leagues are all planning to come back. (nytimes.com)
- As the college football season nears, college towns are on edge. (reuters.com)
- How the NBA is approaching a July return to games. (theringer.com)
Covid-19
- Ben Hunt, "Covid-19 is now endemic in the United States." (epsilontheory.com)
- New York City's experience with Covid-19 has informed patient treatment protocols. (wsj.com)
- What’s holding the U.S. back from providing guidance on how to reopen your life? (theatlantic.com)
- State-by-state contact tracing apps are not going to get the job done. (wired.com)
- What are kids going to do all summer? (thereformedbroker.com)
Global
- Canada’s economy shrank the most since the 2008-09 financial crisis in the first three months of the year. (bnnbloomberg.ca)
- Hong Kong's position between China and the rest of the world looks increasingly precarious. (ft.com)
- American withdrawal from the World Health Organization is going to have all sort of negative effects that have nothing to do with Covid-19. (statnews.com)
Policy
- Surging social media usage sets up the 2020 election for more shenanigans. (npr.org)
- Tyler Cowen on the many failings of the American regulatory state. (theatlantic.com)
- The federal government is running into hurdles trying to give away stimulus money. (washingtonpost.com)
- In praise of 'virtue signaling.' (thebulwark.com)
Economy
- Where six business cycle indicators stand. (econbrowser.com)
- Bankruptcies are coming for the economy, stimulus or not. (mrzepczynski.blogspot.com)
- Where Americans are going, haircuts, and where they are not, movie theaters. (washingtonpost.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
- What everyone was reading this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: pet theories. (abnormalreturns.com)
