Wednesday links: screaming loudly into the unknown

Markets

• The S&P 500 has to drop 50% for permabears to be proven correct. (priceactionlab.com)
• The yield curve continues to flatten as the 2-year tops 2%. (capitalspectator.com)
• Parabolic moves don't resolve by going sideways. (themacrotourist.com)

Strategy

• It's never different this time. (feld.com)
• The 60/40 portfolio going forward will be hard-pressed to match prior returns. (theirrelevantinvestor.com)
• Trying to put some parameters on what the next bear market will look like. (fortunefinancialadvisors.com)
• Portfolio managers need humility and intellectual honesty. (thewaiterspad.com)

Crypto

• Money.net wants to be the Bloomberg of crypto. (qz.com)
• How does this drop in Bitcoin compare to previous drops? (twitter.com)
• The end of the Bitcoin bubble is here. (theatlantic.com)
• Some legal advice for anyone mucking about with cryptocurrencies. (thereformedbroker.com)

Kindle deals

• "Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley" by Antonio Garcia Martinez is just $2.99 for the Kindle. (aax-us-east.amazon-adsystem.com)
• "Smartcuts: The Breakthrough Power of Lateral Thinking" by Shane Snow is just $1.99 for the Kindle. (aax-us-east.amazon-adsystem.com)
• The classic "Influence: The Psychology of Persuasion" by Robert Cialdini is just $3.99 for the Kindle. (aax-us-east.amazon-adsystem.com)
• "How Will You Measure Your Life?" by Clayton Christensen is just $2.99 for the Kindle. (aax-us-east.amazon-adsystem.com)

Finance

• The traditional financial services industry is not set up to serve digital natives, i.e. Millennials. (observer.com)
• Big banks are paying up to attract tech talent. (ft.com)

Funds

• Fidelity's actively managed funds had a great 2017. (beta.morningstar.com)
• Female-run hedge funds have outperformed over the past decade. (fnlondon.com)

Support

• Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
• Get yourself (or someone you really like) an annual membership. (abnormalreturns.com)
• Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)

Labor markets

• It's difficult to find places in the US where there isn't labor market tightness. (clevelandfed.org)
• Why can't Americans get bigger raises? (slate.com)

Earlier on Abnormal Returns

• Personal finance links: two conflicting opinions. (abnormalreturns.com)
• Dopamine hits and the power of defaults. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: human judgment. (abnormalreturns.com)
• Our book link round-up from January 2018 including endorsements of Ray Dalio's "Principles: Life and Work." (abnormalreturns.com)

Mixed media

• If the Supreme Court allows nationwide sports betting, fantasy sports will get crushed. (bloomberg.com)
• Wattpad is thriving platform for storytelling. (variety.com)
• The story of another user cutting back on their Twitter usage. (excessofdemocracy.com)
• The Awl is shutting down. (nytimes.com)

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