Thursday links: choosing a passive provider
Tadas Viskanta
Abnormal Returns
21 hours ago
2 MIN READ
Markets
- South Korea’s tech heavy stock market is on a tear. (axios.com)
- What happens when you buy stocks that benefit from an autocratic regime, and then that regime loses power. (ft.com)
Trading
- Kalshi just raised new capital at a $22 billion valuation. (nytimes.com)
- A look at suspected Insider trading in the crude oil futures market. (paulkrugman.substack.com)
Fund management
- Why consistent fund outperformance is hard to find. (tker.co)
- Fidelity and Schwab ($SCHW) are putting the screws to recalcitrant ETF providers. (riabiz.com)
- Indexes have always evolved, but mega IPOs are accelerating things. (etf.com)
- Bank of New York Mellon Corp. and Robinhood are prepping for the launch of Trump Accounts. (fa-mag.com)
AI
- Om Malik, “Like the railroads, hyperscalers have customers, workloads, and hence the monetization. They control the layer above the chips, and they are increasingly designing their own silicon to escape the Nvidia tax.” (om.co)
- Companies that have stakes in OpenAI and Anthropic are booking big paper gains. (ft.com)
- Why valuing a fast growing company like Anthropic is challenging. (tomtunguz.com)
- How AI is a threat to private equity. (axios.com)
- Who is going to insure AI companies and users? (econofact.org)
GLP-1s
- Novo Nordisk ($NVO) is seeing strong demand for oral Ozempic. (semafor.com)
- GLP-1s are taking a bite of bariatric surgery. (eurekalert.org)
- Why researchers are now focused on GLP-1 use and ‘food noise.’ (nytimes.com)
- A potential side effect of GLP-1 use is hair loss. (cnbc.com)
Economy
- How ‘inflation scarring’ is driving consumer inflation expectations. (macroeconomicpolicynexus.substack.com)
- Gasoline prices are not coming down any time soon. (axios.com)
Earlier on Abnormal Returns
- Longform links: disruption and scale. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: no perfect equilibrium. (abnormalreturns.com)
- Don’t confuse something scarce for a novel asset class. (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.
