Markets Dollar bearishness is pretty high, all things considered. (ft.com) Big Tech is issuing bonds hand over fist in 2026, (axios.com) Shrinking share count is a global phenomenon. (snippet.finance) 90% of global bonds trade below 5%....

Retail investors The type of stocks that retail investors favor. (alphaarchitect.com) Evidence shows that retail investors just aren’t that great. (morningstar.com) Companies Do index funds increase corporate...

Podcasts Peter Lazaroff talks with Ranie Verby, Plancorp’s Director of Practice Management, about what separates advisers. (peterlazaroff.com) Brendan Frazier on how to confidently communicate a firm transition while maximizing client...

Markets Risk is inherent in the stock market, concentration or not. (wsj.com) The U.S. stock market still trades at a premium to the rest of the world. (apolloacademy.com) The stock market is betting on hard infrastructure. (tomtunguz.com) Endowment...

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

Ride share Waymo is rolling out its new Ojai robotaxis. (cnbc.com) Josh Brown talks autonomous driving with Andrew Macdonald, President and Chief Operating Officer at Uber ($UBER). (youtube.com) Do rideshare customers compare prices? (nber.org) Transport...

The biz Spotify ($SPOT) just added a record number of users. (sherwood.news) Daytime talk shows have a podcasting problem. (hollywoodreporter.com) AI Cardiff Garcia talks with Adam Ozimek about the implications of AI for jobs. (eig.org) John Collison...

Markets Credit spreads are tight. (wsj.com) Earnings drive stock prices. (chartkidmatt.com) Why fraud thrives during bull markets. (novelinvestor.com) Prediction markets How to solve the prediction markets insider trading problem. (dopaminemarkets.com)...

Books An excerpt from Tom Griffiths’ new book, “The Laws of Thought: The Quest for The Quest for a Mathematical Theory of the Mind.” (annieduke.substack.com) A Q&A with Fred Minnick author of “Bottom Shelf: How a Forgotten Brand...

Markets Energy and materials are the leading sectors YTD. (capitalspectator.com) More evidence that markets move faster than ever. (awealthofcommonsense.com) Forecasting Prediction markets seem to do a good job forecasting economic outcomes. (nytimes.com)...