Quote of the Day
"Robinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger."
(Jeremy Grantham)
Markets
- People expecting a return to normal in markets in 2021 are sorely disappointed. (nytimes.com)
- Gold market timers are now bearish. (marketwatch.com)
- Lumber prices are down some 50% from their peak. (econbrowser.com)
- Traders are bearish on the US dollar. (sentimentrader.com)
Crypto
- No matter how you slice it, Bitcoin is crazy volatile. (priceactionlab.com)
- This could represent the biggest cryptocurrency scam ever. (bloomberg.com)
- Do 401(k) plans really need access to cryptocurrencies? (washingtonpost.com)
SPACs
- SPAC sponsors often make money whether a deal turns out to be a good one or not. (bloomberg.com)
- A first hand experience with a SPAC. (humbledollar.com)
Retail
- Was Amazon ($AMZN) Prime Day a bust? (bloomberg.com)
- Online grocery shopping is here to stay. (axios.com)
- When shopping online always double check this stuff before hitting Buy. (wsj.com)
Streaming
- Why cutting the cord doesn't save you much money any more. (awealthofcommonsense.com)
- Steve Spielberg's production company signed a deal with Netflix ($NFLX). (variety.com)
- How Disney ($DIS) has mismanged the Star Wars franchise. (theatlantic.com)
Global
Economy
- Higher home prices should support further consumer spending. (bloomberg.com)
- Higher home prices are slowing the pace of sales. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: the R word. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: volatile factor exposures. (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)
