Strategy Stock market volatility clusters. (awealthofcommonsense.com) A look back at the seven sins of active fund management. (larryswedroe.substack.com) IPOs Just how open is the IPO window? (newcomer.co) Weakness in SpaceX ($SPCX) isn’t...

Prediction markets Kalshi is going to allow bets on drug trials. (theguardian.com) Kalshi is rolling out more features for institutional traders. (semafor.com) Trump’s teleprompter operator reportedly has been betting on Kalshi on speech...

Books Mary Childs talks with Eddie Fishman, author of “Chokepoints: American Power in the Age of Economic Warfare.” (youtube.com) James Pethokoukis talks with Sebastian Mallaby, author of “The Infinity Machine: Demis Hassabis, DeepMind,...

Markets How the stock market took over American balance sheets. (awealthofcommonsense.com) Just how good are analysts at estimating earnings? (chartkidmatt.com) Bonds The spread on SpaceX ($SPCX) bonds are widening out. (ft.com) The iShares 0-3 Month...

Podcasts Meb Faber talks with Joseph Moore, author of “How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn’t).” (youtube.com) Jon Erlichman talks with Barry Ritholtz about the biggest mistakes investors...

Market Market concentration is not necessarily a bad thing. (trendlabs.com) Why predicting the stock market is so difficult. (behaviouralinvestment.com) European investors are warming to the stock market. (klementoninvesting.substack.com) Data centers...

Research Home bias is a universal problem. (rpc.cfainstitute.org) If investors aren’t compensated for volatility risk, what are they compensated for? (morningstar.com) Bonds are a weak portfolio diversifier, at best. (alphaarchitect.com)...

Markets 2026 is the year of the momentum stock. (awealthofcommonsense.com) Apple ($AAPL) is trading like an anti-AI stock. (finance.yahoo.com) Leveraged ETFs are boosting volatility. (cnbc.com) Banking Where Citigroup’s ($C) turnaround stands....

Podcasts Josh Brown talks with Onur Erzan, President of AllianceBernstein, to discuss what it really takes to serve America’s ultra-high-net-worth families. (youtube.com) Daniel Crosby talks with Neil Bage who is the founder & CEO of...

Markets Some reasons to be bearish including frothy retail behavior. (awealthofcommonsense.com) Low correlations should make for better stock picking, right, right?!? (tker.co) Companies Apple ($AAPL) sued OpenAI for IP theft.. (spyglass.org) SK Hynix had...