Fund management Why did it take so long for competition to come for Invesco’s $QQQ franchise? (riabiz.com) Ted Seides talks the mechanics of index fund management with Rodney Comegys who is the CIO of Vanguard Capital Management and Head of...

Research Don’t fall for fake diversification schemes. (behaviouralinvestment.com) Bank-run QIS programs are booming. (wsj.com) Competitive advantages are hard to find, let alone maintain. Why it matters for valuation. (morganstanley.com) How...

Markets Weed stock came in with a lot of hype, but have been a disaster. (trendlabs.com) New all-time highs are not, in and of themselves, any kind of sell signal. (awealthofcommonsense.com) Finance Why the cashtag (still) matters for consumers of...

Podcasts Ben Carlson talks with Ehren Stanhope, a key leader behind OSAM’s ⁠Canvas⁠ platform, to break down how investors can create real tax alpha. (youtube.com) Michael Kitces talks with Michael Kay, author of “How To Craft Your Chapter X: A Guide...

Markets Markets just move faster these days. (awealthofcommonsense.com) The stock market is at all-time highs while consumer sentiment is at all-time lows. (trendlabs.com) Hungary’s stock market is having a moment. (ft.com) How HALO various...

Stay in touch Don’t miss a thing! Sign up for our daily e-mail newsletter. (newsletter.abnormalreturns.com) Are you a financial advisor? Every Friday we send a (free) advisor-focused newsletter. (newsletter.abnormalreturns.com) Top clicks this week...

Autos What happened to the affordable, basic American car? (nytimes.com) SpaceX is a big buyer of Tesla ($TSLA) Cybertrucks. (finance.yahoo.com) Hyundai is seeing a surge in demand for EVs. (semafor.com) Are EREVs the way forward for...

Markets The S&P 500 is back at all-time highs. (axios.com) Oil prices plunged today. (axios.com) A clear risk-on signal. (stockmarketmedia.com) Strategy The line between investing and gambling have never been blurrier. (wsj.com) You aren’t going...

Markets How HALO stocks are performing YTD. (sherwood.news) It’s easy to forget but volatility tends to mean revert. (trendlabs.com) The market continues to find ways to surprise us. (om.co) Just how diversified is an index fund these...

Books Pablo Torre talks with David Epstein, author of “Inside the Box: How Constraints Make Us Better.” (podcasts.apple.com) A Q&A with Danny Funt, author of “Everybody Loses: The Tumultuous Rise of American Sports...