Quote of the Day
"The human habit of pretending that a rearview mirror is a crystal ball is almost incorrigible."
(Jason Zweig)
Chart of the Day
The U.S. has been outperforming non-U.S. stocks for well over a decade now.
Markets
- What to do when predicting a market crash. (awealthofcommonsense.com)
- Charlie Ellis, "Every major trend that I know of has worked to make it harder and harder for active managers to do better than the index." (marketwatch.com)
- Want to hedge inflation? Buy stocks. (theirrelevantinvestor.com)
Finance
- Banks are finding ways around the FICO score. (wsj.com)
- Some bank CEOs are simply done with remote work. (wsj.com)
Fund management
- It's increasingly difficult to ignore Vanguard's push into advice. (ft.com)
- How custom baskets work for active ETFs. (etf.com)
Policy
- To get more Americans to work will require closing various employment gaps. (theovershoot.co)
- How much is reduced competition costing American consumers? (ritholtz.com)
- Collecting taxes owed shouldn't be a partisan issue. (politico.com)
- Medical debt has risen the most in states where Medicaid has not been expanded. (nytimes.com)
- What's driving the rise in illegal border crossings? Economics. (bloomberg.com)
- State auto-enroll IRAs are gaining momentum. (squaredawayblog.bc.edu)
Economy
- Now Chicago rail yards are a supply choke point. (wsj.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: fallen off a cliff. (abnormalreturns.com)
- The whole world is turning Japanese, demographically speaking. (abnormalreturns.com)
- Don't throw away other people's hard-earned money lessons. (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)
