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Quote of the Day
"We’re getting vaccine news at record stock market highs, not at lows."
(Josh Brown)
Chart of the Day
Say what you will about it, but the Dow still attracts popular attention and is at all-time highs.
Yields
- In the current environment, yield hunters really only have three options. (msn.com)
- 30-year mortgage rates are about where they should be based on the 10-year yield. (calculatedriskblog.com)
- Consumer-backed debt has been a standout in pandemic. (wsj.com)
Crypto
Companies
- DoorDash ($DASH) laid out is strategy clearly in its S-1. (firehose.vc)
- Home Depot ($HD) is betting on a continued housing boom by bringing HD Supply back in-house. (bnnbloomberg.ca)
- On the end of Moore's Law. (theirrelevantinvestor.com)
Pandemic effects
- Slack ($WORK) should be dominating in a pandemic economy. Why not? (notboring.substack.com)
- Video calling was supposed to be the next big thing for decades. It took a pandemic to normalize it. (wsj.com)
- The pandemic has been an opportunity for some companies to build brand equity. (msn.com)
- The pandemic baby bust is going to affect a slew of companies. (wsj.com)
- It could take years for Disney's ($DIS) park business to bounce back. (ft.com)
Finance
- PNC ($PNC) is buying BBVA's U.S. assets to form the fifth largest bank by assets. (wsj.com)
- Dutch payments firm Adyen has been a big winner in pandemic. (msn.com)
- South Korea is dealing with a series of hedge fund scandals. (ft.com)
ETFs
- Thematic ETFs have been big winners, asset-wise, in 2020. (msn.com)
- It's not surprising that defined-outcome ETFs have been a big hit in 2020. (factorresearch.com)
Pandemic
- Moderna's ($MRNA) early vaccine data is excellent. (statnews.com)
- Over 15,000 US deaths have been reported so far in November. (calculatedriskblog.com)
- Covid-19 is now endemic in the U.S. (wsj.com)
- With the federal government on the sidelines, it's going to be up to governors to slow the spread of the coronavirus. (wsj.com)
- Doctors and nurses stressed out by the pandemic are retiring or shifting careers. (nytimes.com)
- An imminent vaccine should make you more careful, not less, when it comes to protecting yourself against infection. (epsilontheory.com)
Economy
- Checking in on eight high frequency economic indicators. (statnews.com)
- Consumer sentiment has rolled over due to increased Covid-19 case counts. (econbrowser.com)
- Many Americans will soon lose unemployment benefits. (theincidentaleconomist.com)
- The U.S. continues to bleed small businesses. (nbcnews.com)
Earlier on Abnormal Returns
- Adviser links: building affective trust. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone clicked on 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)
