What I'm reading this morning:
- The New All-Time High in SPY That Was Considered Impossible (Fat Pitch)
- U.S. recession fears have ebbed in recent weeks and this is a critical development. (Advisor Perspectives)
- Analysts: Anxiety and FOMO are the two driving forces behind the rally (JUST LIKE ALWAYS, DUM DUMS) (MarketWatch)
- Bank stocks join the bull market (MoneyBeat)
- Mike Harris: "In my opinion, there are two types that make long-term calls about the market: Inexperienced or Psychotic" (Price Action Lab)
- The Number of Publicy Traded Firms Has Halved (Marginal Revolution)
- Read this thing about mean reversion and lost decades, I'm telling you. (A Wealth Of Common Sense)
- Larry Swedroe: Some context for CAPE Ratios (ETF.com)
- Hillarious Goldman Sachs commentary and stock reaction, you'll love this: (Irrelevant Investor)
- Donald Trump says he'd replace Janet Yellen with the winner of the next Aprentice season (Fortune)
- "Digital media companies are caught in the "crap trap," mass-producing trashy clickbait so they can claim huge audiences and often higher valuations." (The Information)
- Money manager and WWII vet Seth Glickenhaus dead at 102. Great obit here: (Bloomberg)
- The backstory of how Amazon's red-hot Echo was invented (Bloomberg)
