Quote of the Day
"The most bearish prognostications like this always sound plausible. Pessimism is a wonderful sales technique in a changing landscape."
(Ben Carlson)
Markets
- Consumer staples now trade a premium to the Mag 7. (chartkidmatt.com)
- Emerging market equities have undeperformed U.S. stocks for well over a decade, until now. (stockmarketmedia.com)
- Financial stocks have given up all their relative outperformance. (trendlabs.com)
Finance
- Nobody reads disclaimers. (ft.com)
- When sell-side research no longer moves markets. (rupakghose.substack.com)
Prediction markets
- Kalshi has fined two people for insider trading. (npr.org)
- This guy bet his entire net worth on prediction markets, and won. (wsj.com)
Technology
- Apple ($AAPL) is trying to buy American-made chips. (wsj.com)
- With AI, everyone is getting into everyone else's business. (spyglass.org)
- Do users care which AI model they use? (sherwood.news)
GLP-1s
- Novo Nordisk ($NVO) is extending the weight loss drug price war. (wsj.com)
- Derek Thompson talks GLP-1s with Eli Lilly ($LLY) CEO David Ricks. (podcasts.apple.com)
Economy
- If 'housing is the business cycle' we should be concerned. (bonddad.blogspot.com)
- Some open questions about tariffs. (ninaeichacker.substack.com)
Earlier on Abnormal Returns
- Personal finance links: big, boring decisions. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: capacity limits. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
