Quote of the Day
"When we read fundamental explanations for why markets have behaved in a certain way, it is rarely an accurate reflection of why prices have moved."
(Joe Wiggins)
Markets
- The yield on the S&P 500 is now just a tick above 1.0%. (barrons.com)
- Why the spread on CoreWeave ($CRWV) bonds is soaring. (axios.com)
Exchanges
- The CBOE ($CBOE) is extending trading hours. (cnbc.com)
- How to perpetual futures on private companies work? (etf.com)
Private equity
- Blackstone ($BX) is all-in on AI. (finance.yahoo.com)
- Private equity fundraising is have a tough time. (wsj.com)
AI
- The AI labs have downgraded safety culture. (thezvi.substack.com)
- How self-replicating botnets could muck up the Internet. (theatlantic.com)
- In the future, AI will be integrated into everything. (kevinkelly.substack.com)
Stay in touch
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
Global
- Why Ukraine needs to change tactics. (theatlantic.com)
- Russia is now testing European shipping. (wsj.com)
- Why the Houthis have ramped up their attacks on Saudi Arabia. (theconversation.com)
- Is China's population less than the official numbers? (marginalrevolution.com)
Economy
- The September PPI came in hot. (axios.com)
- Still no sign of pick up in initial jobless claims. (bonddad.blogspot.com)
- Prices are now rising faster than wages. (newsletter.platypuseconomics.com)
- The US economy is not immune from energy price volatility. (semafor.com)
Earlier on Abnormal Returns
- Longform links: eroded capacities. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: maximizing your life. (abnormalreturns.com)
