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Quote of the Day
"Big Tech’s faithful should bear in mind that monopolies are only as durable as a government that tolerates them."
(Nir Kaissar)
July returns
- How major asset classes performed in July. (capitalspectator.com)
- July was a historically bad month for the US dollar. (sentimentrader.com)
- Demark's OMX Copenhagen 20 index is having a strong year. (wsj.com)
- US stocks had a good July. (crossingwallstreet.com)
Big Tech
- Big Tech is driving the Nasdaq 100 to an unprecedented degree. (theirrelevantinvestor.com)
- Investors in Big Tech is shrugging off the risk of anti-trust action. (bloomberg.com)
TikTok
- Why Microsoft ($MSFT) wants TikTok. (theverge.com)
- ByteDance ran out of time to distance TikTok from its parent. (nytimes.com)
- What is TikTok worth in a (forced) transaction? (bloomberg.com)
- Why a TikTok deal is likely to happen. (thereformedbroker.com)
Finance
- Lordstown Motors—the company building a new electric truck at a former General Motors plant—is being acquired by a SPAC. (barrons.com)
- Small businesses are ditching big banks that were unable to get them PPP funds. (wsj.com)
- Q2 was not a disaster for venture funding. (cbinsights.com)
Funds
Covid-19
- Melbourne is again on lockdown. (wsj.com)
- Japan has seen a surge in coronavirus cases. (bloomberg.com)
- Russia plans to launch a nationwide vaccination campaign in October with a coronavirus vaccine that has yet to complete clinical trials. (nytimes.com)
- Shutdown fatigue is real in Europe, especially among younger generations. (wsj.com)
- San Francisco held out against coronavirus for awhile, but case counts are on the rise. (washingtonpost.com)
New York
- Commercial rent rates are falling in New York City. (cnbc.com)
- The New York economy could see a third of small businesses close for good. (nytimes.com)
- New York has lost more tax revenue to the pandemic than other states. (npr.org)
- Why the pandemic is accelerating a shift to the suburbs. (bloomberg.com)
Economy
- The ISM manufacturing index indicated expansion in July. (calculatedriskblog.com)
- Checking in on six high frequency economic indicators. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: misaligned advice. (abnormalreturns.com)
- August ESG links: minimizing mistakes. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone 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)
