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Quote of the Day
"Regardless of how you feel about it, and the positive and negative implications of it all, the communication structure of markets is and has changed due to platforms like Stocktwits and r/wallstreetbets."
(Justin Paterno)
Retail trading
- Brokerage platforms are struggling to keep up with order flow. (thinkadvisor.com)
- Another example of how the crowd is boosting the price of obscure stocks. (bloomberg.com)
- Redditors are specifically targeting the stocks of hedge fund Melvin Capital. (institutionalinvestor.com)
- New investors are learning about a thing called 'capital gains taxes.' (bloomberg.com)
Srategy
- Lessons learned from the current market weirdness including 'Sometimes things don’t make sense.' (theirrelevantinvestor.com)
- For better or worse, young people are in charge of the market at the moment. (awealthofcommonsense.com)
- When it comes to investing someone is always going to doing better than you. (ofdollarsanddata.com)
Technology
- How technology came to eat the stock market. (awealthofcommonsense.com)
- The growing weight of technology, whether it is in that sector or not, is real. (blogs.cfainstitute.org)
Crypto
- NYDIG has purchased Digital Assets Data. (riabiz.com)
- If carbon were priced, would Bitcoin even exist? (bloomberg.com)
Streaming
- IAC's ($IAC) Vimeo got a capital injection, pre-spinoff. (axios.com)
- Not surprisingly, Americans are paying more for streaming in pandemic. (variety.com)
- Pay TV is in terminal decline. (axios.com)
Finance
- There is no excuse for companies not to raise capital these days. (ft.com)
- A lot of the new SPACs will not end up being able to close a deal. (news.crunchbase.com)
- The story of how United Wholesale Mortgage ($UWMC) went public via a SPAC. (forbes.com)
Funds
Global
- "Every year China starts building about 15m new homes, more than quintuple the amount in America and Europe combined." (economist.com)
- Australians are moving from the cities to suburbs as well. (afr.com)
- China's Covid vaccine push is sputtering. (nytimes.com)
Housing
- The November Case-Shiller numbers showed a 9.5% year-over-year jump in home prices. (calculatedriskblog.com)
- Mortgage rates are record lows but it's taking a long to close loans. (calculatedriskblog.com)
- The returns on housing, properly adjusted, are lower than previously measured. (economist.com)
Earlier on Abnormal Returns
- Research links: superior models. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: making ourselves useful. (abnormalreturns.com)
- When the hype fades: the case of thematic ETFs. (abnormalreturns.com)
- Tired of reading? Listen to your favorite bloggers read some their recent posts on 'The Goldmine.' (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)
