Monday links: respecting markets

Markets

• How major asset classes performed in June 2018. (capitalspectator.com)
• There is a big disconnect between US and international equities YTD. (mrzepczynski.blogspot.com)
• If you believe forward earnings, the stock market is not grossly overvalued. (disciplinedinvesting.blogspot.com)

Strategy

• Why beating the market is harder than you think. (peterlazaroff.com)
• The best investors consider worst-case scenarios first. (fortunefinancialadvisors.com)
• You should be able to explain your investment strategy to a fifth grader. (mullooly.net)

Support

• Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
• Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)

Crypto

• Bitcoin may be in the tank, but ICOs are running hot YTD. (wsj.com)
• Ripple is trying to kickstart the use of XRP for more than just speculation. (nytimes.com)
• Over 800 cryptocurrencies are now worthless. (fastcompany.com)

Companies

• Dude, you're getting a Dell! Stock that is. (wsj.com)
• Amazon ($AMZN) is dealing with a different crowd, pharmaceutical companies with PillPack. (nytimes.com)

Finance

• 2018 has been an outstanding year for IPOs so far. (wsj.com)
• Aren't there better ways to make a buck than disadvantaging average Americans? (theirrelevantinvestor.com)

ETFs

• Jared Dillian, "ETFs, on the other hand, are a pure asset-gathering game, and it often comes down to the selection of a cool ticker, a clever fund name, the timing of a launch or sheer advertising muscle in order to induce trading activity in the ETF. It is a bit like hanging up flypaper." (bloomberg.com)
• Vanguard is making nearly all ETFs free to trade on its platform. (etf.com)
• Cambria Investments does things differently. (exponentialetfs.com)

Funds

• What do the oldest-surviving mutual funds have in common? (ft.com)
• How combat 'news fatigue' and more from the July edition of Mutual Fund Observer. (mutualfundobserver.com)
• Mid-sized money managers are getting squeezed on both ends. (ft.com)

Global

• Gavyn Davies, "Overall, global activity is growing at 4.4 per cent, about 0.6 per cent above trend, and a full percentage point higher than a couple of months ago." (ft.com)

Economy

• Why you should keep an eye on the slope of the yield curve. (econbrowser.com)

Earlier on Abnormal Returns

• Adviser links: client experience. (abnormalreturns.com)
• What you missed in our Sunday linkfest. (abnormalreturns.com)
• Top clicks last week on the site. (abnormalreturns.com)

Mixed media

• Rewarding novelty: what companies can learn from Chef Massimo Bottura. (hbr.org)
• You are part of team, a network, whether you realize it or not. (traderfeed.blogspot.com)
• Ghosting is now a thing in the corporate world. (ft.com)