Quote of the day

John Rekenthaler, “As the slogan goes, there is core and then there is explore. Active management is no longer core.”  (Morningstar)

Chart of the day

50DMA_0814

Comparing recent S&P 500 corrections.  (@StockCats)

Markets

How leverage has injected some volatility into the stock market.  (Sober Look)

Investor sentiment is emerging from a period of excessive bullishness.   (The Fat Pitch)

Lumber is once again catching a bid.  (StockCharts Blog)

Beware instant geopolitical experts.  (A Dash of Insight)

Strategy

What factors truly are significant?  (Research Affiliates)

Taxes are a big reason why long-term investors win.  (Barry Ritholtz)

The top performing newsletter writers are not market timers.  (Mark Hulbert)

Traders need to stop looking for “canned solutions.”  (NAS Trading)

Simple strategies are easier to stick with than complex ones.  (Clear Eyes Investing)

Why “embracing your ignorance” could help you avoid some pitfalls.  (Notes from the hedge via @reformedbroker)

Companies

Thinking about Allegheny Corp. ($Y) as an “value investing conglomerate.”  (The Brooklyn Investor)

Finance

The Feds may have more power to combat tax inversions than they think.  (MoneyBeat)

Banks are lending again.  (Sober Look)

Funds

Active managers are having a miserable year.  (The Reformed Broker)

Of course active managers should underperform during a bull market.  (Pragmatic Capitalism)

Economy

Why is the yield curve flattening?  (Pragmatic Capitalism)

Employment aside the US manufacturing economy is stronger than you think.  (VoxEU)

Trucking companies are having a hard time finding drivers at current wages.  (The Upshot)

A look back at the economic week that was.  (Bonddad Blog, Big Picture)

The economic schedule for the coming week.  (Calculated Risk)

Earlier on Abnormal Returns

Top clicks this week on the site.  (Abnormal Returns)

What you might have missed in our Saturday linkfest.  (Abnormal Returns)

Mixed media

How watching CNBC can make your poorer. A review of Joshua Brown and Jeff Macke’s Clash of the Financial Pundits.  (Time)

Three years ago the title ‘data scientist‘ didn’t exist. Now it is a lucrative gig.  (WSJ)

Passwords aren’t that bad until you consider the alternatives.  (Slate)

Why you should start your day by making your bed.  (TraderFeed)

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