Quote of the Day
"As Bitcoin has gotten bigger, more widely-held and more integrated into the global financial system, it has been behaving more and more like a stock – a big, techie, super-volatile stock – and likewise, some stocks have been acting a little more like crypto-currencies."
(Victor Haghani and James White)
Markets
- Investors can't help but fight the last war, i.e. bear market. (awealthofcommonsense.com)
- Why Treasury rates are so focused on growth rates. (mailchi.mp)
- 2021 has not been a great year for technical trading strategies. (sentimentrader.com)
Retail trading
- Robinhood account holders don't have to trade high volatility stuff on leverage. It's their choice. (ofdollarsanddata.com)
- The retail trading boom, illustrated. (secondmeasure.com)
- Why payment for order flow continues to be controversial. (protocol.com)
Apple
- Why Apple’s ($AAPL) new privacy feature is such a big deal. (theverge.com)
- Apple's ($AAPL) new privacy restrictions will help boost its own ad business. (wsj.com)
- Apple AirTags seem to be a good investment for anyone prone to losing stuff. (fastcompany.com)
Fund management
Taxes
- Why a 40% capital gains rate is a non-starter. (ritholtz.com)
- Closing loopholes and reducing evasion is far more important than raising rates. (bloomberg.com)
- Why equating income and capital gains tax rates doesn't make sense. (econlib.org)
China
- China is set to report its first population decline since records began in 1949. (ft.com)
- China is extending the retirement age. (nytimes.com)
Economy
Earlier on Abnormal Returns
- Research links: the average stock. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: delusional beliefs about money. (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)
