Quote of the Day
"Treasuries serve a lot of important purposes. But is this the right balance of leverage and financial prudence for the economy’s best version of itself? Hard to say."
(Callie Cox)
Chart of the Day
The Dow Jones Industrials has had 53 all-time highs since the last time the Dow Transports hit a high. (via @bespokeinvest)
Trading
- All-day equity trading takes another step. (cnbc.com)
- But don't expect a ton of liquidity in the off-hours. (sherwood.news)
- Robinhood ($HOOD) is jumping into the prediction markets. (theblock.co)
- HFT firms want speed, at any cost. (on.ft.com)
Fund management
- Franklin Templeton's ($BEN) Western Asset Management unit has missed out on the bond market rally. (on.ft.com)
- Vanguard is closing its legacy mutual fund platform. (thinkadvisor.com)
Apple
- Apple ($AAPL) Intelligence has modest goals, so far. (sixcolors.com)
- The new iMac with a M4 chip is here. (theverge.com)
Football
- The NFL has seemingly weathered the concussion crisis. (marginalrevolution.com)
- Why NFL players have not embraced the Guardian Cap. (wired.com)
- There is no solving the physicality inherent in football. (allfields.substack.com)
Economy
- On the flip side of the national debt debate. (optimisticallie.com)
- What more would you want from the U.S. economy at this point? (economist.com)
Earlier on Abnormal Returns
- Adviser links: serving Boomers. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
