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Quote of the Day
"For gold to prove its worth — either as a portfolio stabiliser or a longer-term inflation hedge — bond markets will have to be proved very wrong."
(Tommy Stubbington)
Chart of the Day
“It’s hard to imagine a scenario that would have benefited Amazon more than forcing brick-and-mortar stores to close and telling people to stay home.”
Markets
- Big Tech continues to exceed investor expectations. (theirrelevantinvestor.com)
- Sometimes the stock market gets it right. (thereformedbroker.com)
- The Nasdaq has been very consistent in 2020. (sentimentrader.com)
Jets
- Airlines have pivoted to cargo to make ends meet. (axios.com)
- Finished jets are piling up at Boeing ($BA) and Airbus. (wsj.com)
- On the end of the jumbo jet era. (ft.com)
Companies
- There were public hints of something going on at Kodak ($KODK) before the deal hit. (popular.info)
- Some Facebook ($FB) ad boycotters are already coming back. (wsj.com)
- Nvidia ($NVDA) is in talks to buy the UK chip designer Arm. (ft.com)
- Curaleaf Holdings is now the world's largest cannabis company by sales. (cnn.com)
- How Americans views of companies have changed in pandemic. (axios.com)
Food
- WFH has put the hurt on breakfast sales a quick-serve restaurants like McDonald's ($MCD). (barrons.com)
- Will the pandemic change coffee habits for good hurting Starbucks ($SBUX) along the way? (marker.medium.com)
- Wal-Mart ($WMT) now sells the Impossible Burger. (businessinsider.com)
Funds
- Even Vanguard can't fight the trend toward outflows from active equity mutual funds. (morningstar.com)
- It's hard to get too down on Vanguard, but... (evidenceinvestor.com)
Covid-19
- How Italy has managed to reopen its economy. (nytimes.com)
- San Francisco had a good handle early on the coronavirus, then the rest of the country intervened. (vox.com)
- How the Eastern Band of Cherokee Indians has successfully battled the coronavirus. (theatlantic.com)
Economy
- The current economy is generating no shortage of 'off-the-charts' charts. (ritholtz.com)
- A look at the huge drop in Q2 GDP. (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: managing ad loads. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: heroic acts. (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
- Gig workers and independent consultants don't have company-sponsored retirement plans so they need to set up their own. (blairbellecurve.com)
- When unemployment is high, employers have tendency to lay off older, more experienced workers. (marketwatch.com)
- Four things to consider before agreeing to a severance package. (fastcompany.com)
