Quote of the Day
"In my experience, anyone who has any real experience trading or investing, and has been around for any length of time, will readily laugh about all of the ways they’ve managed to lose money."
(Enso Finance)
Markets
- REITs are loving the reopening sentiment. (capitalspectator.com)
- No matter how you measure it, the rotation away from Big Tech is ongoing. (ft.com)
- Is the value stock revival just a big reopening play? (theirrelevantinvestor.com)
Strategy
- What interest rate will get people to reallocate away from the riskiest stuff? (thereformedbroker.com)
- There is still a lot we don't know about the post-pandemic world including 'Are faster corrections here to stay?' (awealthofcommonsense.com)
Crypto
Companies
- Why has Apple ($AAPL) so far been immune to 'large scale failure'? (mondaynote.com)
- Why (and how) Coupang ($CPNG) differs from Amazon ($AMZN). (firehose.vc)
- Toshiba is dealing with a whole host of activist investors. (ft.com)
Finance
- Stripe is now valued at $95 billion. (ft.com)
- Big U.S. banks are looking to release some of the reserves they put aside during the pandemic. (wsj.com)
- Virtu's ($VIRT) CEO in defense of payment for order flow. (institutionalinvestor.com)
- Fidelity is buying a stake in German alternatives platform Moonfare. (axios.com)
Sports gambling
- Draftkings ($DKNG) just raised $1 billion in the form of a convertible note. (sportico.com)
- Flutter is exploring spinning off its U.S. operations, i.e. FanDuel. (reuters.com)
Economy
- The pandemic has affected labor force participation in so many ways that is different than a typical recession. (nytimes.com)
- The current cash out refinancing trend is nothing that seen pre-GFC. (housingwire.com)
Earlier on Abnormal Returns
- Adviser links: a world of probabilities. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was clicking on 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. (newsletter.abnormalreturns.com)
