Quote of the Day
"False information and stupid policies can move markets at least as much as accurate information and smart policies, and so offer equal opportunity to speculators."
(William Davies)
Markets
- Technology stocks are on an historic heater. (awealthofcommonsense.com)
- Calling a top isn't easy. (tker.co)
Trading
- Prediction markets have rapidly transformed into sports sites. (ft.com)
- Crypto has conditioned people to think 24/7 trading is a good thing. (blockworks.co)
Technology
- We have never seen anything like the Mag 7 companies. (downtownjoshbrown.com)
- Things were looking kinda bleak for Apple ($AAPL) in April. (wsj.com)
- Cloud backlogs keep growing. (sherwood.news)
Companies
- Berkshire Hathaway ($BRK.A) now holds $381.6 billion in cash. (cnbc.com)
- Earnings calls are filled with talk about OpenAI. (axios.com)
- The battle over consumer credit scores is getting heated. (wsj.com)
- The Bitcoin Treasury trade has faded. (barrons.com)
Law
- What happens when the government stops defending civil rights? (newyorker.com)
- Why capital punishment is seeing a comeback. (theatlantic.com)
The military
- Nobody should ask a military commander to sign an NDA. (thebulwark.com)
- Why are administration officials moving onto military bases displacing senior officers? (theatlantic.com)
Policy
- The Department of Labor has made some very specific aesthetic choices. (thebulwark.com)
- There is no strategy to foreign relations under Trump, just whims and vibes. (ft.com)
- Trump has set the lowest refugee level ever and prioritizes white South Africans. (axios.com)
- The state of Indiana has become a key cog in the ICE machine. (indystar.com)
- Nobody wants to go to Kennedy Center shows any more. (msn.com)
- Hunger exists, even if we stop measuring it. (time.com)
Global
- Some South Korean firms have paused or cancelled plans in the U.S. in the wake of the Hyundai raid. (msn.com)
- China leads in many areas of modern military material. (theatlantic.com)
- Just how big is Australia? This big. (visualcapitalist.com)
Economy
- Companies are not shy about layoffs these days. (wsj.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
