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Quote of the Day
"In short, titanic forces are arrayed against each other: Fed and Treasury versus disease and recession. Which will win?"
(Howard Marks)
Retail trading
- The popularity of fractional share-trading is taking off with retail investors. (wsj.com)
- Surging retail trading is not just a US phenomenon. (msn.com)
Commodities
- Investing in commodities is not the same as investing in equities. (humbledollar.com)
- 25 quotes about Bitcoin and gold. (etf.com)
Companies
- Does Microsoft ($MSFT) really want the headache of TikTok? (politico.com)
- Epic Games, the maker of popular video game Fortnite, has raised $1.78 billion in new funding. (news.crunchbase.com)
- 'Mulan' shows that Disney ($DIS) IS Disney+. (theverge.com)
Finance
- 2020 is officially the busiest year for SPACs in history. (renaissancecapital.com)
- There is a reason why insurance companies donate to both political parties. (tonyisola.com)
Hedge funds
- Hedge funds suck up most of a portfolios returns through expenses and incentive fees. (institutionalinvestor.com)
- Short sellers serve a vital market purpose, performance aside. (msn.com)
Global
- Toronto-area home prices rose 16.9% year-over-year in July. (bnnbloomberg.ca)
- Lebanon was struggling even before the horrific explosion in Beirut. (washingtonpost.com)
Housing
- Mortgage rates hit a new record low this week. (housingwire.com)
- Zillow's ($Z) iBuying service is now back online. (thebasispoint.com)
- Rocket Companies ($RKT), parent of Quicken Loans, is now public. (wsj.com)
- How the pandemic has changed what people want in a house. (wsj.com)
- How remote work is going to transform the real estate market in tertiary markets. (msn.com)
- What it feels like to close on a Brooklyn townhouse just before the pandemic hit. (ft.com)
Economy
- Another 1.2 million Americans filed last week for an initial unemployment claim. (calculatedriskblog.com)
- The scale of the current recession is hard to fathom. (econbrowser.com)
- The pandemic is going to reset the retail landscape in the US. (axios.com)
- The pandemic is pushing more American farmers into bankruptcy. (wsj.com)
Earlier on Abnormal Returns
- Longform links: approaching the world as a traveler. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: risk capacity. (abnormalreturns.com)
- August ESG links: minimizing mistakes. (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
- Small business, which are a crucial part of supply chains, have a working capital problem. (economist.com)
- Many small businesses are finding their insurance didn't cover pandemic-related closings. (nytimes.com)
- As a freelancer or gig worker, what do you really own? (seths.blog)
- On the bear market in khaki pants and buttondown shirts. (washingtonpost.com)
