Quote of the Day
"Nobody wants cash flow when money costs nothing."
(Michael Batnick)
Strategy
- It takes more and more risk to generate returns these days. (compoundadvisors.com)
- Ten truths about the stock market including 'There will always be something to worry about.' (tker.co)
- Under what circumstances 'return stacking' makes sense. (wsj.com)
- The 60/40 portfolio is not dead, yet. (theirrelevantinvestor.com)
- Time horizon is everything for investors. (awealthofcommonsense.com)
- We are living in the age of 'speculation as entertainment.' (howardlindzon.com)
Trillions
- Huw van Steenis, "In some respects, 'Trillions' is a history of a transformation that is by no means over." (ft.com)
- The rise of indexing comes with some downsides. (economist.com)
- An excerpt from Robin Wigglesworth's new book "TRILLIONS: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever." (institutionalinvestor.com)
- A review of Robin Wigglesworth's new book "Trillions." (marker.medium.com)
Bitcoin
- Bitcoin ETPs are seemingly imminent. (finance.yahoo.com)
- The problem with future-based Bitcoin ETPs. (etftrends.com)
- Bitcoin futures investors are going to get familiar with contango. (coindesk.com)
Housing
- Mortgage rates are at their highest level since April. (housingwire.com)
- Other building materials have not come down in price as much as lumber. (econbrowser.com)
- The home market is resisting some of its traditional seasonality. (housingwire.com)
- What to do if your home appraisal comes in low. (thebasispoint.com)
- What people want from a home, post-pandemic. (nytimes.com)
- Does living near a greenway increase home values? (indystar.com)
Companies
- How to understand the network effects of Fedex ($FDX) and UPS ($UPS). (diff.substack.com)
- Companies want shorter office leases. (marketwatch.com)
- Corporate advantages fade over time. (ritholtz.com)
Finance
- Venture capital activity in 2021 is at record levels. (institutionalinvestor.com)
- Forge Global Inc. is launching a new money manager that invests in pre-IPO companies. (wsj.com)
- SPACs are now a yield instrument. (wsj.com)
Funds
- Vanguard is bringing down the cost of its target-date funds. (riabiz.com)
- Despite all the hype, alt ETFs are still pretty small. (citywireusa.com)
- ETFs have won the battle against mutual funds. (advisorperspectives.com)
Global
- India's hot stock market is attracting retail traders. (wsj.com)
- Alibaba ($BABA) is facing increased competition. (wsj.com)
Economy
- Inflation is not an emergency. (stayathomemacro.substack.com)
- Inflation numbers are now in flux. (fullstackeconomics.com)
- Why Americans are quitting at a record rate. (tker.co)
- Angry customers are putting a crimp in the revival of the restaurant and retail sectors. (axios.com)
- The velocity of money was never stable. (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: no inoculum for uncertainty. (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)
