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Quote of the Day
"ARK Invest takes the crown for 2020’s biggest ETF story. Why? Three reasons: performance, flows, and a potential takeover."
(Nate Geraci)
Chart of the Day

More Americans got back to flying this holiday season. (more here)
Markets
- Some anecdotes about individual investors taking on debt to invest in companies like Tesla ($TSLA). (wsj.com)
- Margin debt is on the rise, but still not at historically high levels. (sentimentrader.com)
Strategy
- Some evergreen predictions that are likely to come true in 2021. (signalee.com)
- What distinguishes professionals from amateurs. (traderfeed.blogspot.com)
Crypto
Companies
- The relationship between Instacart and grocery stores is fraught. (wsj.com)
- Why so much capital is in search of investments in the pro sports space. (ft.com)
Finance
Global
- Ant Financial got kneecaped by the Chinese government. (finance.yahoo.com)
- Coronavirus vaccinations are rolling out across the EU. (ft.com)
Cities
- Austin is struggling to deal with an influx of new residents. (wsj.com)
- Miami is pushing hard to attract businesses and VCs. (cnbc.com)
- New housing is constrained by the number of available, buildable lots. (wsj.com)
Economy
- A look at state of the economy going into year-end. (bonddad.blogspot.com)
- Seven high frequency economic indicators. (calculatedriskblog.com)
- Re-shoring supply chains takes time. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: marketing pitfalls. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone else was reading last week on the site. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter just for advisers. (newsletter.abnormalreturns.com)