Quote of the Day
"Virtual currencies, much like pickup trucks, are marketed for off-road use. But the reality is that the vast majority of users choose to stay on the streets and highways."
(Binyamin Appelbaum)
Markets
- Why everyone is seemingly calling for a market correction. (finance.yahoo.com)
- The bond market doesn't seem to care about inflation. (ft.com)
- The r/WSB crowd is targeting uranium stocks. (wsj.com)
Strategy
- Nick Maggiulli, "Though things seem nice now, that can all change in an instant. It’s hard to remember this in your day-to-day life simply because our memories fade." (ofdollarsanddata.com)
- The stock market has had a historically smooth ride the past decade. (compoundadvisors.com)
Crypto
- Yesterday's fake Walmart ($WMT)-Litecoin press release shows you that no one is in charge. (thereformedbroker.com)
- Interactive Brokers ($IBKR) has added cryptocurrency trading to its platform. (theblockcrypto.com)
- Steve Cohen is investing in Radkl, a quantitative-trading firm specializing in digital assets (wsj.com)
- Jump Trading is opening up about its crypto operations. (theblockcrypto.com)
- Fidelity Digital Assets is hiring. (financial-planning.com)
Amazon
- Amazon ($AMZN) is boosting pay to $18 an hour for warehouse and delivery workers. (reuters.com)
- How Amazon ($AMZN) is methodically building out its healthcare offerings. (ft.com)
Intuit
- Intuit is buying MailChimp for some $12 billion in cash and stock. (wsj.com)
- What Intuit ($INTU) wants with MailChimp. (fastcompany.com)
Finance
- The SPAC boom may be over which means it is time to invest. (wsj.com)
- Investment banks are trying to automate more of the 'grunt work' analysts now do. (ft.com)
Fund management
- Asset management M&A continues apace. (ft.com)
- AUM growth at ARK Invest has leveled off. (bloomberg.com)
- Progress for women in asset management is achingly slow. (citywireusa.com)
- DFA has converted two additional mutual funds into ETFs. (etf.com)
Global
- Global house prices, through June, grew at the fastest pace since 2005. (ft.com)
- Companies around the world are struggling to hire new workers. (bloomberg.com)
- China growth is slowing. (econbrowser.com)
Economy
- August's CPI numbers put more weight behind the transitory case. (crossingwallstreet.com)
- Why apartment rents are on the rise. (wsj.com)
Earlier on Abnormal Returns
- Research links: playing lotto. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: deeper expertise. (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)
