Good morning. US consumers are pretty happy…
https://www.bespokepremium.com/think-big-blog/consumer-confidence-above-120-for-11-straight-months/
Another bit of pushback on the whole factor investing
https://www.bloomberg.com/view/articles/2018-05-07/smart-beta-can-obscure-the-big-investing-picture
Very cool animated representation of pay inequality
https://www.economist.com/graphic-detail/2018/05/29/american-firms-reveal-the-gulf-between-bosses-and-workers-pay
Is GDP overstating growth?
http://economistsview.typepad.com/economistsview/2018/05/is-gdp-overstating-economic-activity.html
Probably an oversimplification, but still
http://ritholtz.com/2018/05/gig-economy-tiny/
How different age cohorts experienced quite different wealth effects
http://ritholtz.com/2018/05/demographics-wealth-2/
The remarkable returns in the Nifty Fifty stocks
https://ftalphaville.ft.com/2018/05/29/1527609783000/The-not-so-Nifty-Fifty/
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