My afternoon train reads:
• With bulls like these, who needs bears? (Reformed Broker)
• Putting the “Underperformance” of Active Managers in Perspective (Pragmatic Capitalism)
• Job Market Tilts Toward U.S. Workers in Virtuous Cycle (Bloomberg)
• Secular Bear Market in Stocks is Over (Advisorperspectives.com) but see Secular Bull and Bear Markets (Advisorperspectives.com)
• Proof Negative (RP Seawright)
• The Unbelievable, Unknowable Wealth of the World’s Super-Rich (Slate) see also Corporate 1% in U.S. Gets Wealthier While Cash Piles Up (Bloomberg)
• Oil Rigs Hit Record as Drillers Move Outside Big Basins (Bloomberg)
• Alibaba IPO Has Unusual Challenges for Bankers (WSJ)
• Does going on vacation make you more creative when you get back? (Vox)
• Selling an Old iPhone? Here Are Things to Consider (NYT)
What are you reading?
Decline in ‘Slack’ Helps Fed Gauge Recovery
Source: WSJ
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