Are you already signed up for our daily e-mail newsletter? Great, but did you know that we just launched an adviser-focused e-mail on Fridays? Now you do. Sign up here!
Quote of the Day
"Stock splits are emotional triggers to entice new buyers. It’s paper shuffling to fool investors."
(Novel Investor)
Bonds
- The muni bond market is dominated by refinancings not new issuance. (wsj.com)
- Why the bond and stock markets seem to have diverged. (morningstar.com)
Strategy
- The hardest thing in investing is knowing when things have changed. (awealthofcommonsense.com)
- The Fed matters less than the narrative investors have constructed about the Fed. (ftalphaville.ft.com)
- Why you should pay attention to how value and growth indices are constructed. (morningstar.com)
Retail trading
- How retail brokers make money on payment for order flow. (cnbc.com)
- Why fractional shares are bad for investors. (msn.com)
Big Tech
- Epic Games has gone to war with Apple ($AAPL) and Google ($GOOGL) over their app store policies. (nytimes.com)
- Why the fight over Fortnite is a big deal. (newscientist.com)
Finance
- 2020 is on track to set a record for IPO proceeds. (sentimentrader.com)
- Why Chinese companies still like to IPO in the US. (wsj.com)
- Financial services are increasingly going to get embedded in other businesses. (medium.com)
- How the replacement of Libor going? (wsj.com)
Funds
- Leveraged ETFs are not designed for long holding over the long term. (wsj.com)
- Another case of a ETN gone wild. (priceactionlab.com)
Economy
- Industrial production is 8.4% below the February 2020 level. (calculatedriskblog.com)
- Retail sales continue to rebound. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: audio articles. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: not that astute. (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)
