Markets A look at the state of the bull market. (spilledcoffee.co) A look at return dispersion in the components of the S&P 500. (axios.com) AI Recent hacks show AI companies don’t have a great handle on things. (ft.com) Where small language...

Podcasts Christine Benz and Amy Arnott talk with Jeff Ptak about the power of simplicity in investing. (morningstar.com) Frazer Rice talks with Meb Faber, author of “Investing in America: The Rise of a 250-Year Bull Market.” (youtube.com)...

Rates The rates environment has changed, forever. (mrzepczynski.blogspot.com) No matter where you look rates are rising. (allstarcharts.com) America’s annualized interest expense now exceeds defense spending. (axios.com) Markets We are in the midst of...

Private assets How to torture IRRs to get the result you want. (thealtview.substack.com) A round-up of recent economic research including ‘Buyout Performance with Assets Valued at Market.’ (alphainacademia.com) Increasingly, asset managers act...

Finance Jane Street had a rough July, performance-wise. (ft.com) How private fund placement agents get paid. (cashandcarried.substack.com) It’s hard to argue the Truth Social API is legal or ethical. (newyorker.com) Muni bonds Why Texas pays more...

The biz Altruist is laying the ground work for long-short strategies. (riabiz.com) Wealth managers are falling over themselves to sign Anthropic and OpenAI employees. (ft.com) CAIS raised just $170 million at a reported $2 billion valuation....

Markets After a rough couple of years, the health care sector has broken out. (trendlabs.com) European stocks are sitting at all-time highs as well. (cnbc.com) The degenerate economy is only getting more degenerate. (howardlindzon.com) Fund...

Stay in touch Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com) Top clicks this week Real yields keep...

Autos Want to bet on AVs? Buy Uber ($UBER). (barrons.com) More Waymo miles driven means more edge cases experienced. (nytimes.com) Auto insurers are finding ways to not pay claims. (wsj.com) China is making big inroads into Europe’s auto...

Markets RIsk on! Consumer staple stocks are undeperforming. (allstarcharts.com) We’re nearing 24/7 stock trading. (barrons.com) Treasury bonds The 30-year Treasury bond auction came in at 5.216%, the highest level since 2001. (finance.yahoo.com)...