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Quote of the Day
"Negotiation is an important part of any business transaction. It reveals something about both parties and helps them understand each other and decide if they want to work together."
(Fred Wilson)
Chart of the Day

Emerging market equities have been a ‘serial underperformer’ relative to US stocks.
Markets
- The big tech companies are poised to profit from misery at home and growth overseas. (finance.yahoo.com)
- There's only one reason to buy gold. (financialducksinarow.com)
SPACs
- SPACs are on track to have a record year fundraising. (wsj.com)
- U.S. healthcare services firm MultiPlan Inc. is going public via a SPAC merger. (reuters.com)
Alternatives
- Will a new, better measure of private equity alpha upend the industry? (institutionalinvestor.com)
- What will it take to get endowment funds to re-think their dependence on high-cost alternatives? (evidenceinvestor.com)
ETFs
- The rush of mutual fund companies to the active ETF structure is undeniable. (citywireusa.com)
- No matter the label, investors show a strong preference for the lowest cost version of an ETF. (investmentnews.com)
- The ETF Deathwatch for June 2020. (investwithanedge.com)
Global
- Want yield? Buy Chinese government bonds. (wsj.com)
- The coronavirus is accelerating the adoption of digital payments in India. (fortune.com)
- Why Dubai and Abu Dhabi have been affected differently by the coronavirus. (washingtonpost.com)
Economy
- A look at the state of six high-frequency economic indicators. (calculatedriskblog.com)
- US money market mutual funds are hoovering up T-bills. (bloomberg.com)
- Tim Duy, "Right now, any plausible scenario includes the Fed under continued pressure to do more." (blogs.uoregon.edu)
- Many Americans are struggling to get their unemployment benefits. (washingtonpost.com)
Earlier on Abnormal Returns
- Adviser links: workplace financial planning. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks this week on the site. (abnormalreturns.com)
- Finding better ways to care for your clients and yourself: why you should sign up for our new weekly adviser-focused e-mail newsletter. (abnormalreturns.com)