Quote of the Day
"Credibility in economic policymaking is built slowly, through practice and respect for processes, and can be lost quickly if those processes are disregarded."
(Kenneth C. Griffin and Anil K. Kashyap)
Markets
- The S&P 500 has three new members including AppLovin ($APP). (cnbc.com)
- Why are lumber prices cratering? (wsj.com)
Small caps
- Are small caps cooked? Or is it just recency bias? (optimisticallie.com)
- Small cap managers are having a good 2025. (mrzepczynski.blogspot.com)
Crypto
- CoinShares is set to go public via a SPAC. (theblock.co)
- Forward Industries ($FORD) has joined the Solana treasury game. (sherwood.news)
- The Trump family fortunes increasingly rely on crypto, not real estate. (theatlantic.com)
Elon
- SpaceX is buying spectrum from EchoStar ($SATS). (wsj.com)
- What is Tesla ($TSLA) without Musk? (nymag.com)
Venture capital
- Databricks just raised new capital at a $100 billion valuation. (techcrunch.com)
- VCs are increasingly uninterested in consumer businesses. (caia.org)
- On the duty a board member owes a company. (investing101.substack.com)
- Joe Weisenthal and Tracy Alloway talk with Josh Wolfe, co-founder and managing partner at the firm Lux Capital. (podcasts.apple.com)
The Fed
- Why Fed independence matters. (wsj.com)
- There is a lot more to monetary policy than the target Fed funds rate. (scottsumner.substack.com)
Earlier on Abnormal Returns
- Adviser links: a window of tolerance. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
