Quote of the Day
"Macro isn’t useful because it can provide you with very precise and timely predictions. Macro is useful because it gives you a general framework for navigating the world."
(Cullen Roche)
Markets
- "Consumers are a lot more confident than they are optimistic." (sentimentrader.com)
- Trend following is having a good year. (rcmalternatives.com)
Strategy
- What's your investing nightmare? (ofdollarsanddata.com)
- The mix of asset allocation options isn't static. (moneymaven.io)
- Why projecting fixed income returns is both simple and deliciously complex. (morningstar.com)
Crypto
- It's hard to talk about Bitcoin without talking volatility. (fortune.com)
- The infrastructure bill has gotten the crypto industry to work in concert. (avc.com)
- A glossary of terms for crypto newbies. (morningstar.com)
Companies
- The metaverse is becoming a target of Big Tech. (stratechery.com)
- Putting a valuation on the now public Zomato. (aswathdamodaran.blogspot.com)
Shipping
- Amazon Multi-Channel Fulfillment is growing its client list in surprising ways. (ft.com)
- DHL is buying twelve electric cargo planes. (axios.com)
Finance
- Cutler Cook, “Some of the savviest investors have realised that, with public markets where they are, the opportunities to outperform are so much better in private markets.” (ft.com)
- When fund managers raise a SPAC it's not always clear who wins when a deal gets done. (wsj.com)
China
- Tencent is now in the sights of Chinese authorities. (ft.com)
- Investors are now asking how much of their emerging market fund is made up of China and Hong Kong? (etf.com)
- What is the rule of law worth? Shareholders in Chinese companies are learning the hard way. (ritholtz.com)
Economy
- Hard economic data, of late, has been disappointing. (sentimentrader.com)
- We'll know a lot more about the employment situation once kids go back to school. (vanguardinstitutionalblog.com)
- If you look at employment, the US economy has a long way to go. (bloomberg.com)
- You don't need new Covid restrictions to slow down economic activity. (econbrowser.com)
Earlier on Abnormal Returns
- Research links: clear intellectual honesty. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: the most valuable currency. (abnormalreturns.com)
- August ESG links: diverse perspectives. (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)
