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Quote of the Day
"Learning can’t be done to you. It is a choice and it requires active participation, not simple adherence to metrics."
(Seth Godin)
Chart of the Day
Apple ($AAPL) is still the biggest wireless earbud maker, but it is losing share.
Markets
- US stocks are set for their best August since 1986. (ft.com)
- The more of you think about it, the more extraordinary the current rally is. (cnbc.com)
Strategy
Companies
Real estate
- The real estate market is going to change post-Covid, the only quetion is how much. (investoramnesia.com)
- CMBS spreads are down but that doesn't mean all is well in commercial real estate. (ft.com)
Finance
- The solution to the average investor's needs isn't access to private equity. (ft.com)
- Do athletes make for better traders? (fnlondon.com)
Funds
Policy
- Cities and states are almost all facing big budget problems. (marketwatch.com)
- Four relatively easy ways to generate more tax revenue. (avc.com)
- There is plenty of fraud in the PPP program, it's just a question of how deep you want to go. (nytimes.com)
- What happened to the middle class? It depends on how you look at it. (awealthofcommonsense.com)
- If you are going to vote this year, do it early. (vox.com)
- The USPS is a vital service, not a business. (thehill.com)
Jobs
- Pandemic furloughs are turning into permanent layoffs. (wsj.com)
- Involuntary early retirement is a growing problem for older Americans. (nytimes.com)
- Americans are getting used to not commuting. (axios.com)
Economy
- Making the case for a post-Covid spending boom. (awealthofcommonsense.com)
- Judging economic data right now is uniquely challenging. (dashofinsight.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- The ten most-read items this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: vaccine myths. (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)
