Quote of the Day
"You can’t afford to sit out of the stock market in anticipation of bad news, especially when you think prices couldn’t possibly move higher. Because they often do."
(Callie Cox)
Strategy
- The stock market never gives you an all-clear signal. (optimisticallie.com)
- Why the stock market does seemingly paradoxical things. (dariusforoux.com)
Gold
- Why are central banks loading up on gold? (mrzepczynski.blogspot.com)
- The portfolio case for gold. (deshaw.com)
Finance
- Robinhood ($HOOD) wants to launch a public fund for retail investors that invests in private companies. (theblock.co)
- Polymarket is now the official prediction market partner for StockTwits. (finance.yahoo.com)
- Lehman Bros. went bankrupt 17 years ago today. (ft.com)
AI
- Vlad Tenev, “In the same way that every company became a technology company, I think that every company will become an AI company.” (fortune.com)
- A look at Meta's ($META) AI borrowing binge. (permanentequity.com)
- AI is in the low part of the J-curve. (axios.com)
Venture capital
- If Masayoshi Son is a contrarian indicator, look out. (bloomberg.com)
- Nvidia ($NVDA) is investing a lot in startups. (news.crunchbase.com)
- Legal AI startup, Harvey, was recently valued at $5 billion. (ft.com)
ETFs
- The three biggest ETFs in the U.S. all track the S&P 500. (etf.com)
- What is going on with the flows into and out of ARK Innovation Fund ($ARKK)? (ft.com)
- The crazy math behind the YieldMax COIN Option Income Strategy ETF ($CONY). (jeffreyptak.substack.com)
China
- The China paradox: it is both the largest source of environmental harm AND the biggest producer of renewable energy systems. (noahpinion.blog)
- China is set to open the world's tallest bridge. (msn.com)
Economy
- Joe Weisenthal and Tracy Alloway talk with Ryan Fox of Bloomberg about what the market for cardboard boxes says about the state of the economy. (podcasts.apple.com)
- What's behind the surge in unemployment claims in Texas? Think fraud. (axios.com)
Earlier on Abnormal Returns
- Adviser links: a culture of mediocrity. (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)
