Quote of the Day
"One thing is clear, however. If we are in a bubble today, it is totally unlike the COVID bubble of 2021 and more like the tech stock bubble of 1999/2000."
(Owen Lamont)
Chart of the Day
The wealthiest 0.1% of Americans now own a record 15% of all household wealth!
Bonds
- Why it's time to think about bonds. (awealthofcommonsense.com)
- The math is now mathing for bond investors. (ft.com)
- Muni issuance is at multi-year highs. (axios.com)
Finance
- Analysts will soon have only one Elon Musk-led company to make sense of. (ftav.substack.com)
- HFT firms are building their own AI data centers. (bloomberg.com)
- The NYSE is losing out on big IPO listings. (wsj.com)
Funds
- The options ETF business is booming. (barrons.com)
- There is no shortage of buffered Bitcoin ETFs. (thedailyupside.com)
- The funds that own stakes in OpenAI and Anthropic. (morningstar.com)
AI
- Why banks are blocking AI agents. (thedailyupside.com)
- Data centers use a lot of gray paint. (nytimes.com)
- Finland has their own issues with data center construction. (theguardian.com)
- The Wayback Machine is collateral damage in the fight against AI. (theatlantic.com)
Ukraine
- How the war in Ukraine has moved underground. (theatlantic.com)
- How Ukraine is adapting to Starlink outages. (arstechnica.com)
Work
- Men are more likely to get jobs in AI-centric jobs. (pewresearch.org)
- Why more American men aren't working. (theatlantic.com)
Stay in touch
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Economy
- Jobless claims are hanging around historic lows. (bonddad.blogspot.com)
- Switching away from diesel is no simple thing. (axios.com)
Earlier on Abnormal Returns
- Longform links: inequality and alienation. (abnormalreturns.com)
- Enough isn't a number, it's a feeling. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: statistics vs. stories. (abnormalreturns.com)







