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Quote of the Day
"The financial media can move stocks, but they don’t move the stock market."
(Michael Batnick)
Markets
- Cross-asset correlations are pretty high. Why they might stay that way for awhile. (capitalspectator.com)
- Margin debt remains puzzlingly low. (sentimentrader.com)
Strategy
- Why it feels like fundamentals don't matter any more. (blog.validea.com)
- It's a great reminder: Eastman Kodak was once a 'must own' member of the 'Nifty Fifty.' (wsj.com)
Crypto
Companies
- Companies have pulled back from their pandemic borrowing binge. (ft.com)
- Why valuing SaaS stocks is so difficult. (borrowedideas.substack.com)
- Shopify ($SHOP) nearly doubled its revenue in Q2. (bnnbloomberg.ca)
Finance
Funds
- Actively managed non-transparent ETFs 'have their place' but that comes with a lot of caveats. (morningstar.com)
- State Street ($STT) has launched an ESG version of its popular S&P 500 ETF, the SPDR S&P 500 ESG ETF ($EFIV). (etf.com)
Venture capital
- Venture capital has a role in boosting programmer pay. (institutionalinvestor.com)
- VCs have been reluctant to invest in businesses focused on senior citizens. That may be changing. (cnbc.com)
Global
- Italy in July is usually overrun with tourists. Not this year. (ft.com)
- Outbreaks are putting a damper on tourism in Europe's reopening. (wsj.com)
Economy
- The US home ownership rate hit a 12-year high in Q2. (housingwire.com)
- America is seeing a baby bust in pandemic. (bloomberg.com)
- Checking in on some common recession indicators. (compoundadvisors.com)
Earlier on Abnormal Returns
- Personal finance links: forced savings. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: accurate and misleading. (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
- Seth Godin, "You’re not in the business of having a job with an office. You are willing to trade time and effort in exchange for money and a chance to do work you’re proud of." (seths.blog)
- Remote work is not just porting over the office. (m.signalvnoise.com)
- Companies are quickly learning lessons about the upside (and downside) of having a workforce at home. (wsj.com)
- The pandemic is going to put a halt to the open office trend. (theatlantic.com)
- Why your neck hurts. You aren't used to working from home. (bloomberg.com)
