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Quote of the Day
“Is it worth it?” he [Perry] said. “I have to say yes, because I’m still in the business. But I wouldn’t recommend short selling if you want a stress-free life.”
(Leo Perry, Ennismore Fund Management on Wirecard)
Markets
- Gold market timers are extremely bullish. (marketwatch.com)
- How the US stock market rally differs from the rest of the world. (finance.yahoo.com)
Strategy
- Justin Carbonneau, "Having belief and conviction in an investment strategy can often be more important than the strategy itself." (blog.validea.com)
- Nick Maggiulli, "So how do you prepare for something that can’t be prepared for? You try the best you can." (ofdollarsanddata.com)
Companies
- This is where the Tesla ($TSLA)-Amazon ($AMZN) analogy breaks down: cash flow. (ftalphaville.ft.com)
- UnitedHealth ($UNH) just announced record quarterly profits...in the midst of a pandemic. (axios.com)
- Airbnb continues to see a bounce back in bookings. (reuters.com)
- Tech companies are consolidating real estate amidst the pandemic. (cnbc.com)
- How important is Tinder to Match ($MTCH)? (visualcapitalist.com)
Zoom
- Zoom ($ZM) is going to start selling its own 'all-in-one communications appliance.' (techcrunch.com)
- Seven common sense tips for using Zoom, including don't eat on camera. (wsj.com)
Startups
- Startup Bond provides software that lets companies of all sorts offer products such as credit cards and debit cards. (fortune.com)
- Q2 VC activity was pretty much flat with Q1. (seths.blog)
Vaccines
- Moderna ($MRNA) just published research showing a robust antibody response in Phase 2 trials. (statnews.com)
- Why vaccines delivered by nose would be better than injected ones. (nytimes.com)
Covid-19
- How much longer can US death rates remain essentially flat? (thereformedbroker.com)
- Why Arizona was unprepared for the coronavirus surge. (wsj.com)
- What lessons can be taken away from New York's ability to bend the coronavirus curve? (coronavirus.medium.com)
- More than 1,000 TSA employees have tested positive. (washingtonpost.com)
- Corpus Christi, TX was doing a good job with the coronavirus, then the tourists showed up (nytimes.com)
PPP
- The PPP was supposed to be a bridge to a reopened economy, unfortunately that isn't happening. (axios.com)
- The PPP data is so faulty, it's not clear what conclusions we can draw from it. (washingtonpost.com)
Economy
- Americans are still buying big ticket, i.e. homes and cars, in pandemic. (wsj.com)
- The US is seeing the worst of both worlds: bad coronavirus outcomes and a stagnant economy. (theatlantic.com)
- Small business optimism rebounded in June. (disciplinedinvesting.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: pushing through it. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: imputed probabilities. (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)
