Quote of the Day
"The only thing that should matter is considering how the addition of an asset class impacts the risk and return of the entire portfolio."
(Larry Swedroe)
Chart of the Day
Barry Ritholtz, “Whenever someone starts talking about the dollar, your go to move should be to view the data.” (chart via FRED)
Strategy
- There definitely are growth and value cycles. Good luck trying to time them. (awealthofcommonsense.com)
- The case against active stock picking: how will you ever know if you are any good at it? (ofdollarsanddata.com)
- New age stock traders have a very different view of markets than their parents. (bloomberg.com)
Crypto
- Some investors are not happy with the NAV discount on the Grayscale Bitcoin Trust ($GBTC). (finance.yahoo.com)
- The crypto industry is maturing, hence the formation of the Crypto Council for Innovation. (wsj.com)
Finance
- The big banks are under constant pressure from fintech startups. (thereformedbroker.com)
- Why your shareholder vote probably doesn't matter that much. (bloomberg.com)
- One of the big jobs for a CFO is finding a suitable shareholder base for a public company. (wsj.com)
SPACs
- Sports trading card company Topps is going public via a SPAC. (sportico.com)
- SPACs trading below $10 a share represent an opportunity. (barrons.com)
- Why are sports overindexed in SPACs? (wsj.com)
ETFs
- Cathie Woods' fans are sticking around despite some volatility. (theirrelevantinvestor.com)
- How Amplify has amassed $5 billion in ETF AUM. (etf.com)
Food
- How Tyson Foods ($TSN) got scammed with "ghost cattle." (finance.yahoo.com)
- How Oatly came to be at the forefront of the alternative milk trend. (ft.com)
- Why there is a shortage of ketchup packets. (wsj.com)
Global
- Australia and New Zealand are forming a Covid travel bubble. (npr.org)
- Why Canada is lagging behind in vaccines. (theatlantic.com)
- Hong Kong residents are not rushing to get immunized. (wsj.com)
Economy
- If inflation picks up, it will be hard to tell what is transitory and secular. (capitalspectator.com)
- How the PMI relates to the stock market. (sentimentrader.com)
Earlier on Abnormal Returns
- Research links: getting comfortable with momentum. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: money with a purpose. (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)
