Quote of the Day
"Stocks have always been volatile because people have always been volatile."
(Michael Batnick)
Chart of the Day
The U.S. economy is still down 6.8 million jobs from before the pandemic.
IPOs
- The IPO market is cruising along. (axios.com)
- Why companies want retail investors in their IPO. (wsj.com)
Companies
- Andy Jassy has his work cut out for him as the new CEO of Amazon ($AMZN). (wsj.com)
- A pretty clear-cut case of pay disparity at BJ’s Warehouse Club ($BJ). (bloomberg.com)
- What Uber ($UBER) and Lyft ($LYFT) are doing to get drivers back on their platforms. (wsj.com)
Fund management
- How Cambria decides what ETFs to launch. (barrons.com)
- Investing in emerging markets has become a question of what to do about China. (institutionalinvestor.com)
Hedge funds
- The history of hedge funds is one of adaptation. (tomtunguz.com)
- New hedge funds are seeing a pick up in interest. (institutionalinvestor.com)
Economy
- The US economy added 850,000 jobs in June. (calculatedriskblog.com)
- Some cross-currents in the June employment report. (bonddad.blogspot.com)
- How the pandemic drove more Americans into early retirement. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: building the future. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: working hard. (abnormalreturns.com)
- July ESG links: Generally Accepted Sustainability Practices. (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)
