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Quote of the Day
"If you are an investor, then part of the investment process involves understanding (and accepting) that the Fed is one of the chess pieces on the board. And it’s like a Queen, with nearly unlimited powers."
(Josh Brown)
Markets
- Here are the four categories of stocks hit hard by the pandemic. (ft.com)
- How to think about the disconnect between the economy and stock market. (msn.com)
- By any measure, European stocks are trading at a discount to the US. (mailchi.mp)
Strategy
- In a zero interest rate world, bond have lost their portfolio 'superpowers.' (blogs.cfainstitute.org)
- Stop being so quick to pronounce what will happen, post-pandemic. History shows that unintended consequences rule. (awealthofcommonsense.com)
Small businesses
- Credit card interchange fees are a huge burden for small businesses. (wsj.com)
- Small businesses have had to embrace technology in the pandemic economy. (washingtonpost.com)
Apple
- Where Apple ($AAPL) has room to grow is in health. (cnbc.com)
- What you need to know about the Hey-Apple controversy. (theverge.com)
Finance
- Citadel Securities is profiting off the boom in zero-commission, retail stock trading. (ft.com)
- The big US banks have raked in $2 trillion in deposits since the onset of the pandemic. (cnbc.com)
Funds
- 2020 has seen an uptick in ETP closures. (etf.com)
- The Roundhill Sports Betting & iGaming ETF ($BETZ) is off to a fast start. (wsj.com)
- Why you should avoid 'zombie ETFs.' (etf.com)
Global
- What we can learn from New Zealand's approach toward the coronavirus. (fastcompany.com)
- Like the well-off in other countries, wealthy Mexican families have left the city for other areas. (ft.com)
Economy
- Checking in on six high frequency economic indicators including gasoline consumption. (calculatedriskblog.com)
- State and local government austerity is going to put a dent in economic growth. (econbrowser.com)
- Widening income (and wealth) inequality is the defining feature of today's economy. (thereformedbroker.com)
Earlier on Abnormal Returns
- Adviser links: workplace financial wellness. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was reading last week on the site. (abnormalreturns.com)
- Sign up for our weekly adviser-focused e-mail that goes on Fridays. Five links to make you think headed into the weekend. (newsletter.abnormalreturns.com)
