Quote of the Day
"Seeing huge, overnight winners from meme stocks can make investors lose focus, and make foolish choices in their public portfolios. You won’t have such an option in your private portfolio."
(Meb Faber)
June performance
- Major asset class performance for June 2021. (capitalspectator.com)
- The S&P 500's return for the first half is better than 85% other observations. (sentimentrader.com)
Strategy
- Insights from Luke Burgis’ new book: "Wanting: The Power of Mimetic Desire in Everyday Life." (mindsetvalue.substack.com)
- A little Bitcoin goes a long way when it comes to a portfolio. (morningstar.com)
Private equity
- The first half of 2021 set a record for private equity transactions. (ft.com)
- Private equity giant TPG is considering coming public. (wsj.com)
Finance
- Analysts are throwing in the towel on meme stocks. (marketwatch.com)
- Hertz ($HTZZ) has emerged from bankruptcy into a changed landscape. (nytimes.com)
- Citigroup ($C) is not being as rigid as other banks when it comes to return to the office. (bloomberg.com)
Fund management
Streaming
- When you rank the big streaming services, Netflix ($NFLX) is still on top but the gap is narrowing. (vulture.com)
- This summer's box office is still hit-and-miss. (washingtonpost.com)
- The broad TV hit is already dead. (washingtonpost.com)
Economy
- Weekly initial unemployment claims are at their pandemic lows. (sentimentrader.com)
- Manufacturing data is slowing down. (bonddad.blogspot.com)
- There's not a lot of downside to the Fed ceasing its mortgage purchases. (economist.com)
- Falling Covid fears are freeing up workers. (axios.com)
Earlier on Abnormal Returns
- Longform links: working hard. (abnormalreturns.com)
- July ESG links: Generally Accepted Sustainability Practices. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (investmentnews.com)
- Personal finance links: delusional perceptions. (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)
