Hot Links: Warped

Stuff I’m Reading this Morning…

The Fed would like to know how it’s possible that traders in Chicago were able to act on its 2pm rate decision faster than the speed of light. (CNBC) and (Bloomberg)

Are investors worried about the coming debt ceiling battle? You tell me:  (Wonkblog)

Investing around Obamacare.  (TBP)

A value investor makes the case for Apple.  (InstitutionalInvestor)

GM wants to take on Tesla. I’ll give you a moment to wipe the coffee you’ve just spat at your screen…  (ValueWalk)

Tom Brakke: If everything is an index then nothing is an index.  (ResearchPuzzle)

Matt O’Brien: How Bad Data Warped Everything We Thought We Knew About the Jobs Recovery (TheAtlantic)

Pension funds chasing returns again. Tale as old as time.  (AmericanInterest)

The battle for online advice gets ugly, “If history is any guide, the early innovators are the ones who will get slaughtered,” says Ric Edelman.  (WSJ)

Spitznagel has an interesting strategy for his hedge fund: Keep hitting the sell button until the market cooperates with your political beliefs. (DealBook)

SAC is in settlement talks according to people in the know.  (DealBook)

In case you missed my coverage of the Bloomberg Markets 50 Summit, notes here:

Morning Session

Afternoon Session

REMINDER: Backstage Wall Street is now on Kindle!