Quote of the Day
"Markets will always be noisy, messy, and contradictory."
(Blake Millard)
Markets
- The stock market keeps doing bullish stuff. (carsongroup.com)
- A look at Nvidia's ($NVDA) performance since the launch of ChatGPT. (chartkidmatt.com)
- Most high yield bonds are no longer all that high yield. (apolloacademy.com)
Prediction markets
- Kris Abdelmessih, "The moment exchanges demutualized the growth imperative was in place. Betting is just the next green space." (moontower.substack.com)
- On the mainstreaming of prediction markets, like Polymarket. (blockworks.co)
- Is FanDuel going to end up being lead gen for financial futures? (rcmalternatives.com)
- Pro sports leagues fear betting on prediction markets could help some evade oversight. (axios.com)
Drones
- Ukraine continues to innovate in the fight against Russian drones. (wsj.com)
- The Pentagon recognizes they behind in drone technology. (politico.com)
- Why Russia is being forced to ration fuel. (wsj.com)
AI
- Seth Godin, "It’s entirely possible that a magical AI will replace every single human job and then destroy the Earth. But it’s far more likely that the pattern of the last five hundred years will continue." (seths.blog)
- Do domestic AI companies have any particular loyalty to America? (theatlantic.com)
- Six ways to fight back against AI. (axios.com)
The Fed
- There's no legal basis for Trump to try to remove Fed governor Cook. (creditslips.org)
- The markets haven't really digested the possibility of a thoroughly politicized Fed. (wsj.com)
- Why the markets may be making a mistake. (politico.com)
- Why you should be worried about what happens with the regional Fed Presidents. (ft.com)
- Turkey shows what happens when the central bank loses independence. (theargumentmag.com)
- It's hard to come up with a positive outcome from any of this. (danieldrezner.substack.com)
- What's the endgame for Trump in control of the Fed? (joshbarro.com)
Economy
- Economic policy uncertainty has, once again, spiked. (econbrowser.com)
- Electricity price inflation is picking back up. (capitalspectator.com)
- Which states are most at-risk of an economic slowdown? (econbrowser.com)
Earlier on Abnormal Returns
- Personal finance links: creating your own metrics. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: standardized ETFs. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
