Quote of the Day
"Fraud works better during long bull markets because of the almost consistent drip, drip, drip of good news."
(Jon Petersen)
Markets
- Credit spreads are tight. (wsj.com)
- Earnings drive stock prices. (chartkidmatt.com)
- Why fraud thrives during bull markets. (novelinvestor.com)
Prediction markets
- How to solve the prediction markets insider trading problem. (dopaminemarkets.com)
- Joe Weisenthal and Tracy Alloway talk prediction markets with new CFTC Chairman Michael Selig. (podcasts.apple.com)
Private assets
- The private equity industry is at a crossroads. (capitalallocators.com)
- The larger the endowment fund, the more they invest in private assets. (ft.com)
Asset management
- Nuveen is buying UK-based asset manager Schroders. (fa-mag.com)
- The combined Nuveen-Schroders will be the 11th largest asset manager. (giftarticle.ft.com)
Food
- Hershey ($HSY) is investing big in salty snacks. (fooddive.com)
- What the woes of the fast food industry say about the American economy. (giftarticle.ft.com)
- Kraft Heinz ($KHZ) is putting its split on hold. (cnbc.com)
Technology
- a16z has an outsized influence on Trump administration AI policy. (bloomberg.com)
- Why need to think about big tech in its totality. (anildash.com)
- Why can't Apple ($AAPL) fix Siri? (spyglass.org)
Economy
- Kyla Scanlon, "The jobs aren’t coming back in that way (other than data center construction) because the economy doesn’t need them." (kyla.substack.com)
- Consumer spending continues to shift to 55+ crowd. (axios.com)
- America's startup boom is driven by minorities. (economist.com)
- Tariffs are falling on U.S. importers. (libertystreeteconomics.newyorkfed.org)
Earlier on Abnormal Returns
- Longform links: solidifying your world view. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: money movements. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
