Quote of the Day
"It’s taken me a long time to accept that there’s no medal for being sure and no prize for being early."
(Vishal Khandelwal)
June 2025
- How major asset classes performed in June 2025. (capitalspectator.com)
- The S&P 500 returned 5.09% in June 2025. (on.spdji.com)
Companies
- What moves does Elon have left with Tesla ($TSLA)? (riskofruinpod.substack.com)
- Once unassailable, BP ($BP) is a potential takeover target. (nytimes.com)
Finance
- On the conflicts of interest in private credit. (wealthmanagement.com)
- The backlog in private investments is holding back investment in new companies. (whyisthisinteresting.substack.com)
AI
- Cloudflare ($NET) will block AI bots by default. Making it easier for online publishers to charge for access. (wired.com)
- Is Apple ($AAPL) going to outsource SIri to AI? (spyglass.org)
Canada
- Canada is on track to reduce cross-border trade barriers. (bnnbloomberg.ca)
- Canadian universities, like the University of Toronto, are gaining faculty. (nytimes.com)
- Canadians have a decision to make about the U.S> (theatlantic.com)
China
- The challenges an American company is facing moving production from China to Cambodia. (wsj.com)
- How China is trying to erase Tibetan culture. (wsj.com)
The Fed
- In defense of current Fed policy. (calculatedriskblog.com)
- Just how much power does the Fed Chair have? (blogs.cfainstitute.org)
- You can't always predict how a Fed Chair will act. (ft.com)
Energy
- The SPR needs a rethink. (ft.com)
- The BBB takes a sledgehammer to the renewable energy sector. (derekthompson.substack.com)
- While China is building on its lead in clean energy. (nytimes.com)
Economy
- Air travel is holding up. (apolloacademy.com)
- Construction spending is falling. (bonddad.blogspot.com)
- Covid did a number on people's inflation expectations. (macroeconomicpolicynexus.substack.com)
Earlier on Abnormal Returns
- Research links: informed trading. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: assessing alternative demand. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
