Sunday links: yesterday’s narrative
Tadas Viskanta
Abnormal Returns
3 days ago
2 MIN READ
Markets
- A great reminder that nobody knows what is going to happen. (awealthofcommonsense.com)
- Be careful when you know something for sure. (humbledollar.com)
Finance
- SPACs are having a year, due in part to crypto. (axios.com)
- A look at the growth in continuation funds. (pitchbook.com)
ETFs
- Changes, including a 0.02% fee decrease, are coming for the Invesco QQQ Trust ($QQQ). (finance.yahoo.com)
- Defined-outcome and derivative-income ETFs have surged in 2025. (morningstar.com)
AI
- A look at the AI capex boom. (paulkedrosky.com)
- We really have no idea how AI is going to affect the economy. (noahpinion.blog)
- How AI could affect the advertising industry. (sherwood.news)
Environment
- The EPA is eliminating its scientific research arm. (nytimes.com)
- States, like Indiana, are just giving up on climate. (wboi.org)
IRS
- The IRS is gearing up to share data with ICE. (propublica.org)
- Preserving the code behind IRS’s Direct File for future administrations. (washingtonpost.com)
States
- The BBB is pushing a lot of costs down to the states. (politico.com)
- Ranking the states by economic dynamism. (agglomerations.substack.com)
National debt
- We need a non-politicized discussion about national debt. (harpers.org)
- Estimates matter when it comes to assessing Social Security funding. (crr.bc.edu)
Policy
- It’s way too easy for a single politician to stop an energy project. (nytimes.com)
- How much longer can we trust government statistics? (bloomberg.com)
- The Trump administration has ended 988 Suicide & Crisis Lifeline’s specialized service for LGBTQ+ youth. (cnn.com)
- The administration is going spend $167k to destroy contraceptives set for Africa, instead of distributing them. (theguardian.com)
- Mike Masnick, “Fascism is really good at one thing: making everything worse.” (techdirt.com)
- How petty is this administration? This petty. (theatlantic.com)
Economy
- The U.S. consumer is resilient. (tker.co)
- Seriously, what could stop American consumer spending? (awealthofcommonsense.com)
- The U.S. economy has faced a series of shocks. (scottsumner.substack.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
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