What I'm reading this morning:
- A weather forecast for morons (New York Post)
- Google passes Apple with the largest market cap in the US (CNBC.com)
- BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers in Human History (Bloomberg)
- The capital spending slump that originated in the hard-hit energy sector appears to be spreading more widely across other U.S. industries. (Reuters)
- Brian Gilmartin on the negative earnings revisions for the S&P 500 (Fundamentalis)
- "Are stocks obviously overvalued? The answer is no, and the reason is straightforward." (Peterson Institute)
- Active managers always believe next year will be their year (Indexology)
- Top US financial groups hold secret summits on long-termism (Financial Times)
- Kristaps Porzingis and the trouble with snap judgments (TRB)
- What's it going to be in 2016: FANG or BARF? (ValueWalk)
- Cruz Victory Gives Hope To Despised People Everywhere (New Yorker)
