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Quote of the Day
"Most people are not built for market timing. It requires too much contrarianism, emotional discomfort, and self-discipline."
(Barry Ritholtz)
Markets
- Including 2020 YTD, the stock market is up 11 of the past 12 calendar years. (awealthofcommonsense.com)
- The spread in return factors in 2020 is pretty wide. (capitalspectator.com)
- Reasons why the stock market and economy have seemingly disengaged. (washingtonpost.com)
Work
- A lot of companies targeted Labor Day to get back into the office. Those plans are now on hold. (wsj.com)
- We're still figuring out how office space will change. (cnn.com)
- The drug positivity rate for American workers tested rose last year to a 16 year high. (msn.com)
Companies
- How Microsoft's ($MSFT) interest in TikTok has turned into a soap opera. (nytimes.com)
- Another big box retailer, Dick's Sporting Goods ($DKS), saw a surge in online orders. (wsj.com)
- Google ($GOOGL) may have anti-trust issues but Yelp ($YELP) is no saint, either. (om.co)
- American Airlines ($AAL) sums up the current zeitgeist pretty well. (epsilontheory.com)
IPOs
- Like it or not, more SPAC supply is coming. (howardlindzon.com)
- Desktop Metal is going public via a SPAC. (axios.com)
- Stepstone Group, an alternative investment manager, has filed for an IPO. (pionline.com)
- What does Palantir actually do? (nytimes.com)
Global
- In China the spread between A and H shares is historically wide. (wsj.com)
- New Zealand's stock exchange has been under a cyberattack. (theguardian.com)
Economy
- Consumer confidence has plunged. (axios.com)
- The challenge of inflation rules: pandemics and the like. (msn.com)
- The under-$150,000 new home has virtually disappeared. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: achieving crucial goals. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: defining what matters. (abnormalreturns.com)
- Big market moves demand an explanation: the case of gold. (abnormalreturns.com)
- Every Friday I send out five links for advisers to help them think a little differently about the world. Sign up now! (newsletter.abnormalreturns.com)
