Friday links: insane obstacles
Tadas Viskanta
Abnormal Returns
18 hours ago
3 MIN READ
April 2026
- The S&P 500 returned 10.49% in April 2026. (on.spdji.com)
- How major asset classes performed in April. (capitalspectator.com)
Markets
- Marc Rubenstein, “Arbitrage is a broad term and it’s often misused.” (netinterest.co)
- Lessons learned from the semiconductor stock melt up. (scheplick.com)
- There are still opportunities to dig around in microcaps. (microcapclub.com)
- Investing success depends on path dependency. (rockandturner.substack.com)
Prediction markets
- The Senate has banned Senators and their staff from trading on prediction markets. (politico.com)
- Clear Street is teaming up with Kalshi to give its hedge fund clients access. (bloomberg.com)
SpaceX
- A lot of people think they own SpaceX shares. Some will be disabused. (nytimes.com)
- S&P is ready to cave to the coming mega IPOs to make for earlier index entry. (msn.com)
- Blue Owl funds sold half their SpaceX stake at a $1.25 billion valuation. (reuters.com)
AI
- Cloud businesses saw soaring revenue in Q1. (tomtunguz.com)
- Apple ($AAPL) is sidestepping the AI capex boom. (spyglass.org)
- The surge in hyperscaler capex spending is stunning. (om.co)
- How Anthropic is using Datadog ($DDOG) services. (hntrbrk.com)
- AI bubble talk is falling by the wayside as usage ramps up. (theatlantic.com)
Crypto
- Olga Kharif, “What is unfolding has no precedent in American financial life. A sitting president’s family holds financial stakes in a live token project — one setting governance rules, directing treasury sales, collecting proceeds — while the people who signed up find themselves with limited options to exit.” (bloomberg.com)
- A company affiliated with Trump’s sons is buying a tungsten mine in Kazakhstan. (ft.com)
- What’s going on with Alt5 Sigma Corp. ($AIFC)? (futurism.com)
QSR
- How Casey’s General Stores ($CASY) became a huge winner. (freedomdaysolutions.com)
- Subway’s store count has fallen for ten straight years. (qsrmagazine.com)
- Dirty soda is showing up everywhere these days. (axios.com)
Economy
- Weekly initial jobless claims continue to confound. (bonddad.blogspot.com)
- Some signs of worry for the economy. (econbrowser.com)
- How higher gasoline prices are affecting consumers. (axios.com)
Earlier on Abnormal Returns
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: intertwined fates. (abnormalreturns.com)
- Life is existential uncertainty. Make sure you enjoy it while you can. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
Terms and Conditions
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.
The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.
References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.
Please see disclosures here.
