Rising Rates, Invincible Tech and Great Burgers

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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Our first Friday morning train reads of the new year:

  • How to manage rising rates: Foreign bonds, cyclical stocks, and real return assets. (Fidelity)
  • It’s Time to Ignore Advice About Which Stocks to Buy in 2017 (the Upshot); see also No, don’t buy those "best stocks to own in 2017" (Washington Post)
  • Tech Giants Seem Invincible. That Worries Lawmakers. (New York Times)
  • Our cities are getting smarter and you probably didn’t even notice (Quartz)
  • The 10 collector cars the experts say you should watch in 2017 (Classic Driver)
  • Apple’s 2016 in review (Chuq Von Rospach); see also Apple did $20 billion in App Store sales in 2016 (Digital Trends)
  • Why Classic Rock Isn’t What It Used To Be (FiveThirtyEight)
  • Why Mental Bandwidth Could Explain the Psychology Behind Poverty (Knowledge@Wharton)
  • The Siberian Candidate: Donald Trump’s continued questioning of Russian hacking will eventually work -- unless tech pushes back. (Recode); see also Donald Trump’s Twitter Account Is A Security Disaster Waiting To Happen (BuzzFeed)
  • Around the World in 27 Burgers: The Best From Brooklyn to Bali (Bloomberg)

Be sure to check out our Masters in Business interview this weekend with retail analyst Dana Telsey of the Telsey Advisory Group, looking at the major changes in retailing.

Sectors with higher yields underperformed when rates rose

Source: Fidelity

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

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

To contact the editor responsible for this story:
Brooke Sample at bsample1@bloomberg.net