Quote of the Day
"The real economic benefits of cars, trains, and planes weren’t in picking the right stocks; it was the massive economic growth that they unlocked across industries."
(Daniel Sotiroff)
Retail trading
- Five minute bets on crypto? Sure, why not? (ft.com)
- Are retail traders finally pulling back? (sherwood.news)
Finance
- Nasdaq ($NDAQ) is bending over backwards to accommodate SpaceX. (wsj.com)
- SPVs are booming. Not all of them have clear title to the stock they are selling. (bloomberg.com)
- Wealthfront ($WLTH) is seeing outflows from its cash management business. (riabiz.com)
- The structured note business keeps growing. (citywire.com)
AI
- If the Department of Defense can blacklist Anthropic then no company is safe. (wsj.com)
- A political backlash against AI was brewing, the Iran war just backburnered it. (riskgaming.com)
- There's a lot more to replacing labor than just automating tasks. (davidoks.blog)
GLP-1s
- How the market for GLP-1s has evolved. (wapo.st)
- Not everyone responds well to GLP-1s. (nytimes.com)
- Eli Lilly ($LLY) warns about GLP-1 knockoffs. (biopharmadive.com)
Art market
- Art auctions saw a boost in sales last year. (barrons.com)
- David Gilmour's 'Black Strat' just sold for a record $14.55 million. (rollingstone.com)
- The Jim Irsay Collection is unique. (newatlas.com)
Earlier on Abnormal Returns
- Podcast links: limiting yourself. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: a built environment. (abnormalreturns.com)
- The 2026 UBS Global Investment Yearbook is here! (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
