Markets There’s little sign of stress in the financial markets. (trendlabs.com) Why the stock market often seems to defy common wisdom. (tker.co) Podcasts Patrick O’Shaughnessy talks with Dan Loeb of Third Point game. (youtube.com) Jon...

Stay in touch Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Are you a financial advisor? Sign up for the weekly Talking Wealth newsletter. (talkingwealthpod.com) Top clicks this week Just how much AI is driving...

Autos The Ferrari ($RACE) Luce doesn’t look like a Ferrari. (spyglass.org) Waymo is rolling out 100 Ojai vehicles into its autonomous commercial fleet. (sherwood.news) Consumers are flocking to Costco ($COST) to buy gas. (cnbc.com) Energy...

Prediction markets Kalshi is launching the American (political) Power Index. (axios.com) Kalshi and Coinbase ($COIN) are now offering perpetual futures. (cnbc.com) On the state of insider trading on prediction markets. (bloomberg.com) AI Anthropic has...

Markets South Korea is a big bet on AI. (axios.com) Retail traders seem to be riding the AI winners, for now. (sherwood.news) Strategy Don’t let your investment strategy burn you out. (awealthofcommonsense.com) On the parallels between the AI boom...

Books Five insights from “The Secret History of Gold: Myth, Money, Politics, and Power” by Dominic Frisby. (nextbigideaclub.com) An excerpt from “The Science of Second Chances” by Jennifer Doleac. (behavioralscientist.org)...

Markets Corporate profit margins keep rising. (chartkidmatt.com) Micron ($MU) is the fastest company, by far, from $500 billion to $1 trillion in market cap. (wsj.com) ETFs Charles Schwab ($SCHW) and Vanguard are neck-and-neck when it comes to ETF...

Podcasts Jack Forehand and Justin Carbonneau talk with Ben Carlson, author of “Risk and Reward.” (podcasts.apple.com) Peter Lazaroff talks with Phil Toews, author of “The Behavioral Portfolio.” (peterlazaroff.com) Christine Benz...

Markets Rates are up all over the world. (axios.com) Bonds and stocks are living in two different worlds. (mrzepczynski.blogspot.com) Are one-time effects driving S&P 500 earnings? (axios.com) The ERP is essentially zero. (wsj.com) Finance...

Research Why factor rebalancing matters. (alphaarchitect.com) A model of the global credit factor. (libertystreeteconomics.newyorkfed.org) AI disruption is here. How to sort the winners from the value traps. (sparklinecapital.com) How housing and...