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Quote of the Day
"This time of uncertainty and delay will pass. Others will follow."
(Sarah Newcomb)
Chart of the Day
The stock market tends to move, for awhile, in the same direction of the day after a Presidential election.
Strategy
- What the election revealed, and didn't. (thereformedbroker.com)
- This election shows that 2016 was no fluke. (capitalspectator.com)
Strategy
- Today's headlines are tomorrow's footnotes. (retirementfieldguide.com)
- Don't fool yourself about the liquidity of an asset, especially in a bear market. (alephblog.com)
Finance
- What it actually costs, in both time and money, to take a company public. (news.crunchbase.com)
- Nobody wants to own the three major custody bank stocks. (pionline.com)
Ant Financial
- What's behind China's suspension of the Ant Financial IPO? (economist.com)
- Did Ant Financial just get too big, too fast? (axios.com)
Funds
- What conclusions, if any, can we draw from fund performance in 2020? (morningstar.com)
- Observers are scratching their heads about the SEC's position on ESG in retirement accounts. (financial-planning.com)
Election impact
- California voters will allow Uber ($UBER) and Lyft ($LYFT) to keep an independent contractor model. (nytimes.com)
- Post-election, 1 in 3 Americans now live in a state with legal recreational marijuana. (politico.com)
- Oregon went even farther, decriminalizing hard drugs and legalized the use of psilocybin. (wsj.com)
- Colorado voters passed a paid family leave measure. (fastcompany.com)
Polling errors
- Is polling irreparably broken in the U.S.? (theatlantic.com)
- What polls don't capture about sentiment. (ritholtz.com)
- Every polling error is unique in its own way. (theconversation.com)
Global
- Toronto's housing market hit a new all-time high in October. (bnnbloomberg.ca)
- Sweden is undertaking a number of Covid-related restrictions. (fortune.com)
Economy
- US economic policy uncertainty is still at historically high levels. (econbrowser.com)
- The October ADP private employment report fell short of expectations. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: securing financial freedom. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: pandemic effects. (abnormalreturns.com)
- November ESG links: filing shareholder resolutions. (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)
