Quote of the Day
"The problem for most of us is that we rarely break a sweat--in trading or in other areas of life."
(Brett Steenbarger)
Rates
- Why inflation doesn't seem to matter to the bond markets. (theirrelevantinvestor.com)
- 30-year mortgage rates make room for another wave of refinancings. (axios.com)
Investing
- How to build an investing career based on writing good stuff. (thereformedbroker.com)
- 15 books for financial professionals including "Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts" by Annie Duke. (money.usnews.com)
Crypto
- Binance and FTX have reduced the amount of leverage. (nytimes.com)
- A tax quirk about cryptocurrencies: wash-sale rules don't apply. (cnbc.com)
- On the performance of digital asset ETFs. (insights.factorresearch.com)
Global
- Chinese regulators have cracked down on private tutoring companies. (nytimes.com)
- Brazil's economy has stagnated as manufacturing struggles. (ft.com)
- The bull and bear case for Pinduoduo ($PDD). (notboring.co)
Delta variant
- More companies are pushing back their reopening due to the Delta variant. (axios.com)
- You don't need new lockdowns for the Delta variant to hurt the economy. (bloomberg.com)
- How the Delta variant it going to tamp down on the U.S. economy. (newyorker.com)
- The U.S. is likely still a couple months away from the Delta peak. (nymag.com)
Economy
- The Fed is coming under increasing pressure to stop buying mortgage bonds. (politico.com)
- Housing inventory is on the rise. (calculatedriskblog.com)
- A hot housing market means sellers are doing some weird stuff. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: a loss of control. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- The most-read items you missed last week on the site. (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)
