Quote of the Day
"The S&P 500 is hard to beat because it is diversified, low cost and doesn’t make a lot of changes. The active tilts of “passive” index funds doesn’t bother me because I know we’re all active and active is a sliding scale."
(Cullen Roche)
Chart of the Day
(esquire.com)Markets
- These five groups are leading the market higher. (allstarcharts.com)
- The U.S. stock market has outperformed developed and emerging markets over the past 16 years. (twitter.com)
- One reason why small caps are struggling relative to large caps. (apolloacademy.com)
Strategy
- Betting on stocks is a bet on human ingenuity. (tker.co)
- How to combat recency bias. (humbledollar.com)
Companies
- Not every bet pays off: the case of Apple's ($AAPL) Project Titan. (sixcolors.com)
- Is providing training data to AI companies a sustainable business model? (every.to)
Policy
- Clean energy plans are going up primarily in red states. (wsj.com)
- The policy approach to the banking system is 'incoherent.' (politico.com)
- The U.S. economy is filled with technical debt. (wsj.com)
- People incarcerated early in life often end up on disability later in life. (crr.bc.edu)
- Tougher enforcement will not stop illegal immigration. (wsj.com)
- How the state of Michigan is expanding voter registration. (goodgoodgood.co)
Economy
- Freight volume is slowing. (mrzepczynski.blogspot.com)
- The case that the economy is doing just fine. (carsongroup.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)
- Five thoughts on the power of letting go. (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)