Quote of the Day
"If markets are becoming less efficient, why are they also becoming harder to beat?"
(Ben Carlson)
Chart of the Day
High beta stocks are taking it on the chin of late. (See this related chart from @charliebiello.)
Rates
- The yield curve inversion is over. (mrzepczynski.blogspot.com)
- Mortgage rates have come down in anticipation of a Fed rate cut. (thebasispoint.com)
- Why you can't just talk about 'bonds' as a single market. (humbledollar.com)
Finance
- The CBOE ($CBOE) has launched a platform to trade shares in private companies. (finance.yahoo.com)
- Vanguard is now a 'no' on ESG shareholder votes. (riabiz.com)
Policy
- Government agencies, like the BLS, revise data all the time. (bloomberg.com)
- Bring more smart people to America! (fasterplease.substack.com)
- New highways running through neighborhoods are no longer getting rubber-stamped. (slate.com)
- Why we need an age limit for elected officials. (msn.com)
- It's way past time to get rid of the penny. (nytimes.com)
Economy
- The risks of a recession are rising. (carsongroup.com)
- Employment growth is slowing. (econbrowser.com)
- The Fed is always dealing with economic crosscurrents. (tker.co)
- Why economic data is iffier: lower response rates. (apolloacademy.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)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
