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My Tuesday morning train reads:
- Amazon’s share of the U.S. e-commerce market is now 49%, or 5% of all retail spend (TechCrunch) but see Amazon Foes Walmart and Microsoft Deepen Tech Partnership (Wall Street Journal)
- “The market is rolling simply because it’s rolling” (A Wealth of Common Sense)
- Neel Kashkari on the Flattening Yield Curve (Medium); see also “Be conservative”: Jeffrey Gundlach on how to invest in this environment (MarketWatch)
- Earnings Surprises: The Stock Market’s Worst-Kept Secret (MoneyBeat)
- What’s the matter with wages? (MarketWatch); see also Worker wages drop while companies spend billions to boost stocks (CBS)
- Russian Spies Hid Behind Bitcoin in Hacking Campaign (New York Times)
- How Facebook Checks Facts and Polices Hate Speech (Wired); see also Two billion internet users are not on Facebook (On an Overgrown Path)
- How Laundry Is Reducing America’s Carbon Footprint (Daily Beast)
- Republicans Call Trump Summit Remarks “Shameful” and “Bizarre” (Bloomberg); see also Trump's Helsinki humiliation (Axios); see also The GOP can either defend the United States or serve the damaged and defective man who is now its president. (the Atlantic)
- 25 Everyday Heroes We Could All Learn From (BuzzFeed)
What are you reading?
The relationship between financial or real assets is at extremes
To contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.net
Barry Ritholtz is a Bloomberg Opinion columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”
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