Some things I’m reading this morning:

  • Hedge funds haven’t been this invested in stocks since 2006 (BusinessInsider)
  • A rough 24 hours for the White House (WonkBlog)
  • U.S. corporate credit markets are looking extraordinarily expensive (PragCap)
  • Manufacturing the next crisis (TRB)
  • Stocks love inflation (CrossingWallStreet)
  • 2013 stock outlook (Barrons)
  • Gundlach’s latest video: hold cash as risk assets have ‘diminishing returns’ (Bloomberg)
  • Sector snapshot (Bespoke)
  • Apple’s valuation metrics are much lower than other $500 billion market cap companies (Fortune)
  • Fear of being committed may have caused Newtown shooter to snap (Foxnews)