Are you already signed up for our daily e-mail newsletter? Great, but did you know that we just launched an adviser-focused e-mail on Fridays? Now you do. Sign up here!
Quote of the Day
"While we get so anxious trying to figure out the best, cleverest things to do, it’s really the things you don’t do — the bullets successfully dodged — that get you most of the way there. You win by not losing."
(Brett and Kate McKay)
Chart of the Day
The (continued) growth in the FANGAM stocks is unprecedented.
Markets
- Solar stocks have caught a bid in pandemic. (howardlindzon.com)
- It's hard to a see an end to the bad news for REITs. (institutionalinvestor.com)
Retail
- The pandemic rapidly accelerated online sales as a percentage of overall retail sales. (axios.com)
- Americans are spending like crazy at Home Depot ($HD) and Lowe's ($LOW). (ft.com)
- The pandemic is reinforcing the position of Amazon ($AMZN), Walmart ($WMT) and Target ($TGT). (businessinsider.com)
- Why there still spot shortages of some goods. (wsj.com)
Companies
- Some companies are beginning to restore pay cuts initiated earlier this year. (wsj.com)
- YTD a record 45 companies with more than $1bn of assets have filed for Chapter 11 bankruptcy. (ft.com)
Finance
- SPACs and EV makers are a match made in heaven. (nytimes.com)
- Goldman Sachs ($GS) is planning to raise a big new VC fund. (finance.yahoo.com)
Global
- The UK is subsidizing some meals at restaurants. (washingtonpost.com)
- Germany is conducting tests to see how the coronavirus spreads at a concert. (bbc.com)
Policy
- The meatpacking industry was warned about a potential pandemic but chose not to prepare. (propublica.org)
- The case for privatizing more city airports. (theatlantic.com)
- The US should be encouraging STEM PhD's to stay in the US not kicking them out. (thehill.com)
- This official is in charge of combating election interference from Russia and others. (politico.com)
- Russiagate was not a hoax. (theatlantic.com)
Economy
- June and July have seen record existing home sales. (marketwatch.com)
- The pandemic is only serving to increase income inequality. (wsj.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- The top ten most-read items this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: accessible and inexpensive. (abnormalreturns.com)
- Big market moves demand an explanation: the case of gold. (abnormalreturns.com)
- Every Friday I send out five links for advisers to help them think a little differently about the world. Sign up now! (newsletter.abnormalreturns.com)
