Quote of the Day
"The privilege that American scientists have taken for granted—one that is now being trampled—is the ability to go about their work free of political interference."
(Dhruv Khullar)
Markets
- Ben Carlson, "The typical year isn’t a return of 8-10% but rather a wide range of big gains or big losses." (awealthofcommonsense.com)
- It's never been easier to be a stock market investor and harder to be a new home owner. (axios.com)
- Investments with Trump in the name have underperformed YTD. (wsj.com)
Prediction markets
- Why seemingly everyone is betting big on prediction markets. (howardlindzon.com)
- Kalshi and Polymarket post online like trolls. (frontofficesports.com)
ETFs
- Vanguard is set to launch new bond ladder ETFs. (riabiz.com)
- Is the ETF industry playing with fire on the tax avoidance front? (ft.com)
Companies
- Roblox ($RBLX) saw 150 million average daily users in Q3. (barrons.com)
- How Duolingo ($DUOL) became a household name. (quartr.com)
- A Q&A with Dave Denton CFO of Pfizer ($PFE). (sherwood.news)
- Lululemon's ($LULU) founder is not happy with the current CEO. (wsj.com)
- Snap ($SNAP) is an equity dilution machine. (platformaeronaut.com)
Drugs
- Trump to pardon a former Honduran president serving a sentence in a drug-trafficking case. (msn.com)
- The military likely broke the rules of war in Caribbean boat attacks. (washingtonpost.com)
- It's hard to argue for killing defenseless individuals. (execfunctions.org)
- Drug interdiction doesn't typically bring down prices. (marginalrevolution.com)
DOGE
- Instead of saving money, DOGE may have cost the government billions. (fortune.com)
- Some former DOGE members fear they could be prosecuted for their actions. (techcrunch.com)
- DOGE has left chaos in its wake. (theverge.com)
Conflicts of interest
- Why foreign governments shower Trump with gifts. (theatlantic.com)
- David Sacks' tenure in the administration is rife with conflicts of interest. (nytimes.com)
Health insurance
- Requests for assistance with health care bills was rising even before the repeal of ACA subsidies. (politico.com)
- ACA premiums are set, on average, to double. (ft.com)
Children
- Free preschool is a patchwork across the country. (wapo.st)
- Making sure children are fed shouldn't be controversial. (econofact.org)
Policy
- The CISA is now largely on the sidelines as midterm elections near. (apnews.com)
- Why JP Morgan Chase ($JPM) is not donating to the White House ballroom. (thehill.com)
- A backlash is brewing against companies that work with ICE. (thebulwark.com)
Economy
- Q3 GDP is tracking around 3% growth. (calculatedriskblog.com)
- Consumer spending is chugging along. (apolloacademy.com)
- Construction workers are cleaning up in the data center boom. (wsj.com)
- It really is getting harder for new college graduates to find a job. (clevelandfed.org)
- 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 kid yourself. No one is above getting scammed. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
