
Friday links: stock market hubris
2 days ago
2 MIN READ
Markets
- What would it take to see a reversal in U.S. stock market concentration? (awealthofcommonsense.com)
- The U.S. accounts for 20 of the 25 largest companies in the world, by market cap. (sherwood.news)
Prediction markets
- Kalshi just raised a big new round of capital. (blockworks.co)
- Are Polymarket and the NYSE all that different? (fa-mag.com)
Finance
- Why are we now trying to obscure fund fees? (wsj.com)
- Jane Street is expanding its commodities footprint. (on.ft.com)
Companies
- A lot is riding on Intel’s ($INTC) new fab. (nytimes.com)
- How the maker of Sharpies invested in U.S. manufacturing and won. (wsj.com)
- Apple ($AAPL) has upped its bug bounty payouts. (axios.com)
ICE
- These volunteers are tracking ICE in Los Angeles. (newyorker.com)
- Apple ($AAPL) has sided with ICE over its users. (migrantinsider.com)
- ICE wants to be able to surveil online media, all the time. (wired.com)
Argentina
- Who profits from the bailout of Argentina? (paulkrugman.substack.com)
- History argues against an Argentina bailout actually working out. (msn.com)
Economy
- The AI boom is offsetting weakness elsewhere in the economy. (bonddad.blogspot.com)
- Subprime auto loans are seeing a surge in delinquencies. (wsj.com)
- How tariffs are working their way through the economy. (paulkrugman.substack.com)
- Contrary to reports, new college graduates are not being disproportionately disadvantaged. (ft.com)
Earlier on Abnormal Returns
- Podcast links: the power of the sun. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the great paradoxes of life. (abnormalreturns.com)
- Don’t miss out! Sign up for daily e-mail newsletter. (abnormalreturns.com)
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