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Quote of the Day
"Good things can be taken too far – helpful at one level and destructive at another."
(Morgan Housel)
Retail trading
- How much of the surge in retail trading in 2020 will outlast the pandemic? (wsj.com)
- The most-held stock by Robinhood customers at the beginning of the year have done pretty well in 2020. (msn.com)
- Retail traders in the UK are amping up their activity as well. (theguardian.com)
Gold
- Gold isn't a 'pet rock' but also isn't some sort of portfolio panacea, either. (wsj.com)
- Gold has exceeded its 2011 high. (finance.yahoo.com)
Strategy
- When it comes to the stock market, patterns change. (humbledollar.com)
- There's very little new under the financial sun: including SPACs. (investoramnesia.com)
McDonald's
- McDonald's ($MCD) has an advantage in pandemic: drive-thru. (barrons.com)
- McDonald's ($MCD) is going to require all in-store customers wear face masks. (wsj.com)
TikTok
- The pressure is growing on ByteDance to distance itself from TikTok. (cnbc.com)
- TikTok had spend heavily on advertising to make inroads in the US. (themargins.substack.com)
- It's become increasingly difficult to ignore TikTok. (ozy.com)
Companies
- Biotech companies involved with the coronavirus are seeing notable inside selling. (nytimes.com)
- A look the growing number of US oil and gas bankruptcies. (visualcapitalist.com)
Funds
- Blackrock ($BLK) and Vanguard continue to dominate fund inflows in 2020. (ft.com)
- It is now easy to build a globally diversified portfolio with nearly zero fees. (humbledollar.com)
- Why aren't zero-fee ETFs gaining any traction? (ft.com)
Covid-19
- Texas has seen a surge in coronavirus cases and inconsistent messaging. (wsj.com)
- Canada and the US are a study in coronavirus contrasts. (theatlantic.com)
- Why Vietnam seems to have avoided the worst of the coronavirus. (economist.com)
Policy
- Chavi Eve Karkowsky, "If schools don’t open in the fall, or if some other child care solution isn’t devised, much of the sacrifice of the spring and summer will have been wasted." (washingtonpost.com)
- Closed schools are going to have a ton of (negative) economic effects. (marketwatch.com)
- The pandemic highlights the absurdity of tying a person's health insurance to their job. (blairbellecurve.com)
- Why a jobs program would be far superior to the patchwork of support currently in place. (bloomberg.com)
- Why we are closer than ever to the end of the filibuster. (theatlantic.com)
Economy
- Ed Yardeni, "Peter Navarro certainly has won the debate over China within the Trump administration, hands down." (blog.yardeni.com)
- Why you should be wary of current economic statistics. (dashofinsight.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
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: buying time. (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. (abnormalreturns.com)
Mixed media
- We often over-optimize on established metrics. How can we create new, more relevant ones? (thewaiterspad.com)
- 20 years ago Steve Jobs introduced the Power Mac G4 Cube, and it bombed. (arstechnica.com)
- Reading on paper is different than reading on a screen. (avc.com)
- Why we discount the value of old technologies. (ft.com)
