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Quote of the Day
"This crisis is going to challenge plenty of previously held views on the limits of government spending."
(Ben Carlson)
Markets
Big Tech
- It's hard not to note the difference between tech and the rest of the market. (msn.com)
- Why you can't lump Tesla ($TSLA) in with the rest of Big Tech. (ritholtz.com)
Strategy
- When examining active manager returns you can never really escape the issue of survivorship bias. (bunker-riley.com)
- There can be a lot of variables when it comes to portfolio rebalancing, but only one must-do. (capitalspectator.com)
Companies
- Pricing technology companies always involves some educated guesswork. (finance.yahoo.com)
- How Novavax ($NVAX) got funding for its coronavirus vaccine. (nytimes.com)
- Edward Altman says expect more mega-bankruptcies this year. (finance.yahoo.com)
Netflix
- Nobody is canceling their Netflix ($NFLX) subscription in pandemic. (finance.yahoo.com)
- These are Netflix's ($NFLX) top ten viewed original films including "Extraction." (thestreamable.com)
- Peacock is a ways off from competing directly against Netflix ($NFLX). (msn.com)
Housing
- 30-year home mortgages rates are at a record low, now sub-3%. (housingwire.com)
- National Association of Home Builders confidence jumped in July. (calculatedriskblog.com)
- Housing used to rule the business cycle. Not this time around. (economist.com)
IPOs
- Why the traditional IPO roadshows is dead. (marker.medium.com)
- An Airbnb IPO is back on track. (nytimes.com)
ETFs
- The failure of zero-fee ETFs may mean the long fall in fees is coming to an end. (finance.yahoo.com)
- Do ETF fees have much more room to fall? (fa-mag.com)
China
- China's economy grew 3.2% in Q2. (ft.com)
- Liquor maker Kweichow Moutai Co. fell after it came under criticism for high prices. (msn.com)
Economy
- Initial unemployment claims have exceeded 1 million for the past 17 weeks. (crossingwallstreet.com)
- The headline numbers don't count those receiving benefits from the Pandemic Unemployment Assistance program. (axios.com)
- June saw a big bounce back in retail sales. (bonddad.blogspot.com)
- What's recovered (gasoline usage) and what hasn't (air travel) in the US economy. (washingtonpost.com)
Earlier on Abnormal Returns
- Longform links: a slow rolling disaster. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: pushing through it. (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)
Mixed media
- The new Small Business Reorganization Act is making filing for bankruptcy cheaper and easier for small business which is a welcome development in pandemic. (wsj.com)
- Making (physical) space to get your work done can be challenging in pandemic. (calnewport.com)
- Onboarding new employees in pandemic requires creative thinking and new processes. (ft.com)
- What do do if your workweek is feeling monotonous. (fastcompany.com)
