Quote of the Day
"Every bubble will be driven by these three components, speculation from those looking for quick gain, easy credit from low interest rates, and the marketability that creates the opportunity for further speculation by allowing new market participants to play the game."
(Mark Rzepczynski)
Markets
- U.S stock market breadth is historically strong. (wsj.com)
- Zooming out a bit, the value stock comeback is but a blip. (theirrelevantinvestor.com)
- If inflation is coming, prefer consumer staples to consumer discretionary stocks. (sentimentrader.com)
Strategy
- YOLO traders aren't even pretending the stuff they trade has any fundamental value. (ofdollarsanddata.com)
- Why it's time to do some portfolio Spring cleaning. (theirrelevantinvestor.com)
Crypto
- Don't confuse DeFi and crypto. (integratinginvestor.com)
- Why institutional investors are increasingly getting involved in crypto. (pionline.com)
Finance
- We're still talking about a replacement for Libor. (wsj.com)
- Sports-focused SPACs have flooded the market and are having a hard time nailing down targets. (sportico.com)
Fund management
- Are 'defined ETFs' misnamed? (thinkadvisor.com)
- Not everybody was fooled by Bernie Madoff. (institutionalinvestor.com)
Real estate
- How companies should think about their office space needs in this environment. (avc.com)
- The many ways in which shopping malls are getting repurposed. (axios.com)
- WeWork is, not surprisingly, bullish about its future. (wsj.com)
Global
- What can the City of London do post-Brexit to keep its place as a financial hub? (nytimes.com)
- Vanguard is rolling out a new low cost-retirement advice service in the UK. (ft.com)
Economy
- Where seven high frequency economic indicators stand. (calculatedriskblog.com)
- There is a big urban-rural unemployment gap in the U.S. as the pandemic wanes. (datatrekresearch.com)
Earlier on Abnormal Returns
- Adviser links: added assets. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- New wealth comes along with new found emotions. (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)
Mixed media
- The proposed European Super League is attracting a lot of blow back. (nytimes.com)
- Europe is united in its opposition to the Super League. (theatlantic.com)
- The ESL is about money, not the fans. (espn.com)
- Club owners like the idea of eliminating the risk of relegation. (ft.com)
- The changed nature of ownership is behind the shifts in Europe's football business. (unherd.com)