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Quote of the Day
"Psychology and emotion were not only not unimportant, they were – at that moment – basically the only things that weren’t unimportant. Nothing else mattered."
(Drew Dickson)
Markets
- The stock market crashed 33 years ago. (crossingwallstreet.com)
- Technology is a bigger percentage of the S&P 500 than it was during the Dotcom boom. (wsj.com)
- Millennials are buying the stock Baby Boomers are selling. (cnbc.com)
Strategy
- Why the shift from public to private markets isn't necessarily a bad thing. (integratinginvestor.com)
- How much do TDF flows and rebalancing needs drive markets? (blog.evergreengavekal.com)
Retail
- Fedex ($FDX) and UPS ($UPS) are already rationing shipping slots in anticipation of a holiday surge. (wsj.com)
- Retailers are facing a complicated Christmas season. (axios.com)
- Shuttered cinemas are dragging down shopping malls with them. (ft.com)
- Mixed messaging and inconsistent mandates are putting retailers in the middle of the mask debate. (nytimes.com)
SPACs
- It's hard to see how the SPAC boom ends well for investors. (wsj.com)
- There are still 27 SPACs launched in 2019 that have yet to do a deal. (ft.com)
- SPACs have become a playground with brand name investors. (news.crunchbase.com)
- Be careful what you wish for: publicly traded sports teams don't have a great track record. (sportico.com)
Fund managers
- The value stock drought is likely to claim more (manager) victims before its over (ft.com)
- There's something to be said for not publicly dunking on your competitors. (thereformedbroker.com)
- Why the era of the star manager faded away. (humbledollar.com)
ETFs
- Five interesting ETF facts including why so many are priced around $25 a share. (nasdaq.com)
- Why are issuing banks letting ETNs languish in the OTC market? (wsj.com)
Global
- China's economy reportedly grew in Q3. (visualcapitalist.com)
- Germany's population has shrunk in 2020. (ft.com)
- How Amsterdam became the most founder-friendly exchange in Europe. (msn.com)
Economy
- Checking in on seven high-frequency economic indicators. (calculatedriskblog.com)
- National home builder confidence increased in October. (crossingwallstreet.com)
- Why retail sales have held up as well as they have. (blogs.uoregon.edu)
Earlier on Abnormal Returns
- Adviser links: ambient emotions. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
