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
"So I think the key is, write what you actually care about. Because in the end, you’re only doing this for yourself."
(Nicholson Baker)
Markets
- How major asset classes performed in September 2020. (capitalspectator.com)
- Big Tech stocks paused in September. (cnbc.com)
- Traders have been buying the dips in 2020. (priceactionlab.com)
Sentiment
- The election is keeping a lid on market sentiment. (thereformedbroker.com)
- Has the stock market been been too optimistic in pricing in the rollout of a Covid-19 vaccine? (klementoninvesting.substack.com)
Apple Watch
- The Apple ($AAPL) Watch is gaining momentum. (aboveavalon.com)
- The Series 6 Apple ($AAPL) Watch is still great but the Blood Oxygen feature is unreliable. (theverge.com)
Payments
- Amazon ($AMZN) will soon let you pay in stores with your palm. (vox.com)
- Mastercard ($MA) and Visa ($V) don't want to cede any ground in payments. (economist.com)
Companies
- Why Microsoft ($MSFT) bought Bethesda Game Studios. (marker.medium.com)
- Twitter ($TWTR) was dismantling its San Francisco offices even before pandemic hit. (washingtonpost.com)
- Bailing out the airlines need not mean bailing out the public shareholders of the airline companies. (epsilontheory.com)
IPOs
- Asana ($ASAN) is happy with its direct listing. (protocol.com)
- Digital TV service, FuboTV, has filed to go public. (axios.com)
- Millennials rejoice! Mission Produce known best for Haas avocados is coming public. (barrons.com)
SPACs
- A good rule for SPACs: follow the money. (morningstar.com)
- HIMS is coming public via a SPAC. (axios.com)
- Playboy is coming back to the public markets via a SPAC. (wsj.com)
- An ETF for SPACs is launching. (wsj.com)
Finance
- Softbank now act more like a big hedge fund than anything else. (ft.com)
- How Susquehanna ended up with 15% of TikTok owner ByteDance. (wsj.com)
- The number of PE M&A deals is set to hit a record in 2020. (institutionalinvestor.com)
Global
- South Korea is keeping a ban on short-selling in place. (wsj.com)
- Parts of Quebec are once again imposing restrictions. (nytimes.com)
Economy
- Another 837,000 Americans filed initial claims for unemployment. (calculatedriskblog.com)
- Why the Fed has effectively downgraded the importance of NFP reports. (msn.com)
- Why negative interest rates backfire. (thereformedbroker.com)
Earlier on Abnormal Returns
- Longform links: moral agents. (abnormalreturns.com)
- An entertaining anomaly: why you should watch 'Ted Lasso.' (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: an advisor's job. (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)
