What I'm reading this morning:
Stuff I’m Reading this Morning…
Just In: Another drop in weekly jobless claims, brings the 4-week moving average to its lowest level since March 2008. (CalculatedRisk)
Ed Yardeni: Oil prices and the S&P 500 are now diverging – sign of a healthy bull or a reckoning to come? (DrEdsBlog)
Tech stocks versus bank stocks – no contest. (DynamicHedge)
US stocks have been crushing world indices for two years now. (RiskReversal)
Insider buying and selling in the aggregate, as I’ve said repeatedly, is the single dumbest non-indicator on earth (after the Baltic Dry Index). Illustrated: (Microfundy)
Blackstone upping its credit line to buy more single family homes – from $600 million to over $2 billion. (Bloomberg)
A surprising look at how stocks have done upon removal from the Nasdaq 100 index. (Ivanhoff)
Zack’s: How to tell the big dividend ETFs apart. (YahooFinance)
Cardiff Garcia (humbly) corrects Alan Blinder on how the Fed paying interest on bank reserves actually works. (FTAlphaville)
Ben Popper’s story on the destruction at Groupon is must-read. (TheVerge)
Don’t miss The Takeaway, my daily linkfest for financial advisors (InvestmentNews)
REMINDER: Backstage Wall Street is now on Kindle!
