Good morning. Apple’s cash

https://www.wsj.com/articles/apples-250-billion-cash-pile-enlivens-hopes-fuels-expectations-1493566748

A bit of reading on Rob Arnott’s view on smart beta strategies

https://www.wsj.com/articles/rob-arnott-godfather-of-smart-beta-tells-investors-youre-doing-it-wrong-1493371801

The Brexit slowdown begins. Or might begin…

https://mainlymacro.blogspot.nl/2017/04/the-brexit-slowdown-begins-probably.html

And here is some more on that theme

https://www.businessinsider.nl/uk-economy-gdp-theresa-may-snap-election-2017-4/

So much for that strong US growth…

http://www.economist.com/blogs/freeexchange/2017/04/another-soggy-first-quarter

But labour productivity may be finally picking up?

https://www.ft.com/content/9e97073c-e883-3372-904d-8a903aed001d

Debt to GDP: only one major European economy has managed to reduce its debt level…

https://www.bondvigilantes.com/blog/2017/04/27/divergence-eurozone-bond-yields-threat-opportunity/

The first 100 days of Trump

https://www.bloomberg.com/graphics/2017-trump-100-days-economy/

And here is some more

http://www.economist.com/blogs/graphicdetail/2017/04/daily-chart-21

And a bit of perspective on that ris in the US bond yields…

http://voxeu.org/article/accommodate-or-not-federal-reserve-s-new-normal

Mutual fund companies

http://ritholtz.com/2017/04/top-20-mutual-fund-companies-assets/

I think I already showed this one before: on the global nature of inflation

http://voxeu.org/article/global-value-chains-and-increasingly-global-nature-inflation

Apparently this is based on solid research…

http://ritholtz.com/2017/04/weekend-reads-268/

PIMCO on bonds, active or otherwise

http://ritholtz.com/2017/04/bonds-passive-versus-active/

And the schedule for the week to come

http://www.calculatedriskblog.com/2017/04/schedule-for-week-of-apr-30-2017.html

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