Quote of the Day
"But crypto isn’t just gambling. Sure, it might look like that right now, but I think there are real potential use cases for crypto."
(Cullen Roche)
Chart of the Day

Enhanced unemployment benefits have had minimal effects on people going back to work.
August performance
- How major asset classes performed in August 2021. (capitalspectator.com)
- The S&P 500 has increased 14 of the past 17 months. (crossingwallstreet.com)
Crypto
- How much should investors, i.e. Bogleheads, put into Bitcoin? (accidentallyretired.com)
- FTX.US has acquired LedgerX a CFTC-regulated derivatives exchange. (fortune.com)
- SEC Chairman Gensler doesn't think crypto exchange can operate outside of a regulatory purview. (ft.com)
- The exploding NFT market has become a ripe target for scammers. (theblockcrypto.com)
Amazon
- Amazon ($AMZN) is looking to hire 55,000 people for corporate and technology roles. globally (reuters.com)
- Amazon ($AMZN) is happy to direct you ivermectin sales. (theverge.com)
- Worker safety is an ESG issue, just ask Amazon ($AMZN) employees. (cnbc.com)
Companies
- Walmart ($WMT) is hiring big in its supply chain operations. (wsj.com)
- Disney ($DIS) park attendance is nowhere near back to normal. (ft.com)
- E-mail is done. Why retailers want to get into your text messages. (annehelen.substack.com)
Finance
- The Members Exchange wants the SEC to allow for half-penny price increments for stocks. (wsj.com)
- Why payment for order flow isn't likely at-risk. (bloomberg.com)
Fidelity
Funds
- The Ark Invest Transparency ETF is their version of ESG. (bnnbloomberg.ca)
- Startup Syndicate wants to change how funds are constructed and managed. (axios.com)
- A proposal to prevent money market mutual funds from breaking the buck. (alephblog.com)
Global
- Trucker shortages are a global phenomenon. (ft.com)
- Private equity has been unleashed in the UK. (nytimes.com)
- How to do even value a Chinese tech company in this environment? (aswathdamodaran.blogspot.com)
Economy
- The economy is still recovering but it's by no means 'normal' yet. (washingtonpost.com)
- Constraints are putting a cap on new auto and home sales. (bonddad.blogspot.com)
- Housing shortages are running into labor shortages. (economist.com)
Employment
- States that cut unemployment benefits didn't see an employment boost. (wsj.com)
- Unemployment benefits are a side show when it comes to the jobs situation. (ritholtz.com)
- Companies are running out of excuses. (thereformedbroker.com)
- Why so many people are changing jobs right now. (bloomberg.com)
Earlier on Abnormal Returns
- Personal finance links: being patient. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: freaked out investors. (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)