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Quote of the Day
"Nothing is certain. Upsets happen all the time. And the “unlikely” is more likely to happen than we think."
(Sean McLaughlin)
Markets
- Annual returns can hide a lot of in-year craziness. (novelinvestor.com)
- A lot of stocks are sitting at new highs. (sentimentrader.com)
Strategy
- The markets are running ahead of financial theories. (morningstar.com)
- The new class of retail investors are here to stay. (theirrelevantinvestor.com)
- Risk is the thing you don't see coming. (tracewealthadvisors.com)
Crypto
- Bitcoin has value because people believe it has value. (pragcap.com)
- Five things to look for in the ETF industry in 2021 including, drumroll please, a Bitcoin ETF! (theetfeducator.com)
Media
- Roku ($ROKU) has become the clear leader in streaming hardware. (protocol.com)
- Gen Z is not interested in the Super Bowl. (morningconsult.com)
Finance
- If companies can direct list, with a capital raise, why would they ever do a traditional IPO? (protocol.com)
- Silicon Valley Bank ($SVB) now wants to manage tech wealth. (riabiz.com)
- Canadian banks are sitting on excess capital. (bnnbloomberg.ca)
- Indian startups are digitizing the centuries-old practice of borrowing against gold. (restofworld.org)
Housing
- Mortgage bankers are expecting another big year of originations, albeit at a slower pace than 2020. (ft.com)
- More single-family homes are being built with the intention of renting them out. (wsj.com)
Economy
- The December NFP report showed a loss in jobs. (calculatedriskblog.com)
- The jobs economy is set for a rebound once the pandemic abates. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: a big paradox. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: jump starting lives. (abnormalreturns.com)
- January ESG links: forecast uncertainty. (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)
Mixed media
- Print book sales in the U.S. rose 8.2% in 2020. (publishersweekly.com)
- The best books Barry read in 2020 including: "Americana: A 400-Year History of American Capitalism" by Bhu Srinivasan. (ritholtz.com)
- Some books the Yahoo Finance team enjoyed in 2020 including: "No Filter: The Inside Story of Instagram" by Sarah Frier. (finance.yahoo.com)