Quote of the Day
"What literally everyone agrees is that central bank independence should not be challenged simply because a president or prime minister wants a more docile ally in charge, one who will do the bidding of the person in the palace—or the White House."
(Brian Klaas)
Markets
- Why you shouldn't fear all-time market highs. (carsongroup.com)
- Calling a bubble is nearly impossible. (awealthofcommonsense.com)
Finance
- Demand for private company shares is there. A workable regulatory regime is not. (advisorperspectives.com)
- StockTwits is buying AI provider Thematic. (stocktwits.com)
AI
- Anthropic is launching a finance-specific version of Claude. (venturebeat.com)
- How can a serious AI user trust xAI? (thezvi.substack.com)
- We are now in the 'gaming AI' phase of the boom. (smithsonianmag.com)
- Don't use AI as a crutch. (meaningfulmoney.life)
Apple
- What is Apple ($AAPL) doing with sports rights, i.e. Formula One? (awfulannouncing.com)
- Apple's ($AAPL) money can at least buy Emmy nominations. (apple.com)
Nicotine
- Teens have discovered Zyn. (wapo.st)
- Juul can stay on the market. (yahoo.com)
- Keep your Zyns away from small children. (sciencedaily.com)
Economy
- There are not a ton of layoffs out there. (bonddad.blogspot.com)
- National home builder confidence remains muted. (calculatedriskblog.com)
- On the impact of tariffs on the economy. (ritholtz.com)
- Other leaders have learned the downside of taking over the country's central bank. (forkingpaths.co)
Earlier on Abnormal Returns
- Longform links: schemers and sycophants. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: not doing stupid stuff. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
