Are you already signed up for our daily e-mail newsletter? That’s awesome, but did you also know that we publish an adviser-focused e-mail every Friday? Now you do.
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)
