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Quote of the Day
"I believe that ESG is nothing but a passing investment fad, not unlike smart beta, the BRICs, structured products or any of the myriad market bubbles over the last 25 years, small and large."
(Jared Dillian)
Markets
- Market participants are already braced for a volatile election season. (thereformedbroker.com)
- The IPO market is hot, but not 1999 hot. (thereformedbroker.com)
Finance
- Schwab Bank is the 12th largest in the US with some $300 billion in customer deposits. (institutionalinvestor.com)
- All the SPAC filings from last week. (news.crunchbase.com)
Funds
- ETNs are a dying fund structure. (wsj.com)
- How big a threat is direct indexing to ETFs? (forbes.com)
Dining
- Restaurants are trying to extend their outdoor dining season however they can. (wsj.com)
- Restaurant owners are on the hunt for propane-powered heaters. (axios.com)
Global
- Paris is on 'high alert' due a surge in coronavirus cases. (cnbc.com)
- London is seeing an uptick in cases among healthcare workers. (theguardian.com)
- Israel's hospitals are struggling with a second wave of cases. (thedailybeast.com)
Economy
- Checking in on seven high frequency economic indicators. (calculatedriskblog.com)
- The unemployment rate is dropping because people are dropping out of the workforce. (axios.com)
- The pandemic is undercutting many small towns efforts to revitalize their Main Streets. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: technology adoption. (abnormalreturns.com)
- October ESG links: unhelpful buzzwords. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone read last week on the site. (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)
