Ritholtz's Reads: Stocks Have Room to Rally

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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My two-for-Tuesday morning train reads:

• Can any ex-Citadel money managers ever hope to beat Ken Griffin? (Chicago Business)

• Stocks Have Plenty of Room to Rally: Based on Morningstar’s definition of a market expansion, this bull is just getting going (Barron’sbut see The Only Six Stocks That Matter: Amazon, Google, Apple, Facebook, Netflix, Gilead account for the bulk of Nasdaq Composite gains this year (WSJ)

• One big myth about medicine: We know how drugs work (WonkBlog)

• “Lowflation” forever in the US? (FTsee also The Fed Is Closer to Hitting Its Inflation Target Than People Think (Bloomberg)

• It has been nearly seven years since shares of Bank of America or Citigroup traded above book value (WSJ)

• Do Big Mutual Funds and ETFs Hurt Your Wallet? (MoneyBeatsee also Millennials Have a Ton of Stock. They Just Don’t Know It (Bloomberg)

• Raise the Gas Tax Already (New Yorker)

• The Electric Car: The electric car is going to take over the world. Soon. Let me explain. (Geoff Ralstonsee also Why did Elon Musk pass up a chance to boast about a scientific coup? (Quartz)

• Awed by a Magnetar: Astrophysicists have detected one of the brightest and most enigmatic objects in the Universe (Cosmos)

• How Hot Chicken Really Happened: Today, we learn how Nashville’s signature dish stayed hidden for decades in the city’s black communities — and then suddenly became a global obsession. (Bitter Southernersee also How Chipotle is changing the pizza industry (Business Insider)

What are you reading?

Iran’s Indicators

Source: The Economist

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net