Sunday links: splintered channels
Tadas Viskanta
Abnormal Returns
3 months ago
3 MIN READ
Markets
- Markets are now at the mercy of Trump’s whims. (paulpodolsky.substack.com)
- Technology revolutions are often accompanied by a market bubble. (awealthofcommonsense.com)
- Earnings estimates are a brew of companies, analysts, and the economy. (tker.co)
Strategy
- Cullen Roche, “No one knows what stocks will do in the short-term because you cannot make a long-term instrument behave like a short-term instrument no matter how much you trade it.” (disciplinefunds.com)
- Chasing thematic funds is a mug’s game. (humbledollar.com)
Finance
- American Express ($AXP) is thriving because its success betting on wealthy customers. (sherwood.news)
- Financial institutions will likely soon ignore the CFPB. (thebasispoint.com)
- Nobody is launching new banks. (axios.com)
Venture capital
- Was the unicorn era a ZIRP phenomenon? (apolloacademy.com)
- General Catalyst is becoming something more than a VC investor. (axios.com)
ETFs
- Levered ETFs are a cash cow for sponsors. (finance.yahoo.com)
- 2024 was a huge year for the ETF industry. (insight.factset.com)
Trade
- Trump imposes tariffs on Canada, Mexico and China. (politico.com)
- Canada responds. (bnnbloomberg.ca)
- Mexico responds. (cnbc.com)
- Why is Trump going easy on China? (paulkrugman.substack.com)
- How the elimination of ‘de minimis loophole’ could affect Shein, Temu and the like. (bloomberg.com)
- No one is going to escape the impact of tariffs. (wsj.com)
- Midwest gasoline prices are set to rise. (econbrowser.com)
- Domestic armakers are especially at-risk from tariffs. (nytimes.com)
- There’s no upside to a trade war. (noahpinion.blog)
Musk
- Somehow Treasury Secretary Bessent has given Musk allies access to the federal government’s payments system. (politico.com)
- The NTSB will now only distribute news releases via X. (thedesk.net)
- Elon Musk is a menace to elections around the world. (theatlantic.com)
Immigration
- There are not millions of people with criminal records to deport. (axios.com)
- Why did the administration remove TPS status for 600,000 Venezuelans? (theatlantic.com)
- Native tribes now fear immigration raids. (axios.com)
- There’s no 14th Amendment without the Civil War. (theatlantic.com)
Government data
- Government websites are going offline. (wired.com)
- Including public-facing data and recommendations at the CDC. (theatlantic.com)
- Groups are working to backup government databases. (flowingdata.com)
Policy
- Health programs around the world are shuttering. (nytimes.com)
- You can expect the supplements industry to get a pass in a Trump administration. (theatlantic.com)
- Of course the talk of ‘stranded astronauts’ is malarkey. (arstechnica.com)
- All the Republican officials who used to think January 6th was ‘tragic.’ (theatlantic.com)
Economy
- Economic policy uncertainty has surged. (econbrowser.com)
- What year the U.S. became less future-oriented. (marginalrevolution.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Why ‘critical ignoring’ is a crucial skill these days. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
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