Thursday links: privacy as a luxury good
Tadas Viskanta
Abnormal Returns
11 hours ago
2 MIN READ
Markets
- The 30-year Treasury yield is at its highest level since 2007. (cnbc.com)
- The equal-weighted S&P 500 is at a new all-time high. (allstarcharts.com)
- The KOSPI meltdown is impressive. (mrzepczynski.blogspot.com)
Strategy
- Allocators are always fighting the last battle. (oldroperesearch.substack.com)
- Fund managers have a hard time saying no to their clients. (harveysawikin.substack.com)
- Some investment lessons of uncertain origin including ‘Few things are as valuable in the modern world as a good bullshit detector.’ (covestreetcapital.com)
Leverage
- Hedge fund Situational Awareness sold down all their public positions. (cnbc.com)
- South Korea’s regulators are cracking down on leverage. (straitstimes.com)
Finance
- Who is behind the Corgi ETF business? (ft.com)
- Intercontinental Exchange ($ICE) is buying bond trading platform MarketAxess. (cnbc.com)
- Jersey Mike’s ($JMKE) is now public. (fastcompany.com)
Big Tech
- Meta’s ($META) free cash flow has evaporated. (axios.com)
- Microsoft ($MSFT) Azure grew 43% last quarter. (tomtunguz.com)
- Apple ($AAPL) has topped $5 trillion in market cap. (asymco.com)
Musk
- Why so many high profile people still post on X. (axios.com)
- Should you trust Elon Musk and X with your financial info? (arstechnica.com)
- Could any other CEO of two public companies get away with this? (nytimes.com)
Stay in touch
- Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Oil
- How China has cut back oil imports during the Iran war. (axios.com)
- Russia has lost nearly 50% of its oil refining capacity. (ft.com)
Economy
- Q2 GDP came in at 1.5% growth. (nytimes.com)
- Warsh is fumbling in public. (newsletter.platypuseconomics.com)
- Farmers are struggling. (cnbc.com)
Earlier on Abnormal Returns
- Longform links: obsolete virtues. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: how life unfolds. (abnormalreturns.com)
Mixed media
- A.J. Jacobs, “All-or-nothing language also causes rage and fear and overreaction, which I believe are ill-suited for discovering the best solutions to our world’s many problems.” (experimentalliving.substack.com)
- Today is a good day to thank your mentors and teachers. (trendlabs.com)
- James Bond author Ian Fleming’s work day sounds ideal. (spyglass.org)
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