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Quote of the Day
"I don’t expect SPACs to replace IPOs...They feel to me like an interesting tool for weird times, not the future of going public."
(Matt Levine)
Gold
- Why gold taking out a multi-decade high is notable. (thereformedbroker.com)
- Gold has been on a seven-week run. (sentimentrader.com)
Crypto
Companies
- The return of MLB saw a surge in online sports betting. (barrons.com)
- SAP is spinning Qualtric off into a standalone company. (ft.com)
IPOs
- Why the SPAC has a shot to take share from the traditional IPO ecosystem. (alexdanco.com)
- Sports betting company, Rush Street Interactive, is going public via a deal with a SPAC. (wsj.com)
- Dragoneer Investment Group has filed to issue a $600 million SPAC. (bloomberg.com)
- What Fusion Acquisition Corp. is looking for in a deal. (etf.com)
Funds
- Active equity mutual funds are seeing a surge in outflows. (morningstar.com)
- Hedge fund fees are continuing to fall. (bloomberg.com)
Homes
- Homes sales are booming this Summer. (washingtonpost.com)
- Jumbo mortgage rates are sporting a premium to conventional loans. (wsj.com)
Offices
- Midtown Manhattan saw an exodus of workers and very few have returned. (nytimes.com)
- The City of London feels like a 'ghost town.' (ft.com)
- Google ($GOOGL) has no plans to bring workers back to the office any time soon. (arstechnica.com)
Small businesses
- Small businesses are getting hit by lower revenue and a higher cost of operating in pandemic. (axios.com)
- Long-established business are closing up shop for good. (nytimes.com)
Covid-19
- Moderna ($MRNA) has initiated its Phase 3 Covid-19 vaccine trial. (barrons.com)
- In some countries, like Australia and Japan, that seemingly got the coronavirus under control are seeing a resurgence in cases. (wsj.com)
- Parts of Europe are reintroducing travel restrictions. (ft.com)
Economy
- Durable good sales rebounded in June. (crossingwallstreet.com)
- The state of six high-frequency economic indicators. (calculatedriskblog.com)
- The labor market can't heal until the pandemic is under control. (blogs.uoregon.edu)
Earlier on Abnormal Returns
- Adviser links: democratizing access. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone else was reading last 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. (abnormalreturns.com)
