Sunday links: reduced resilience
MarketsSam Ro, "The stock market does not price in what’s going on today. It’s pricing in what’s expected in the weeks, months, and years ahead." (tker.co)Ben Carlson, "The stock market doesn’t care what you say or how you feel." (awealthofcommonsense.com)Big TechHow Apple ($AAPL) whiffed so badly on AI. (spyglass.org)Amazon ($AMZN) plans to diversify away from Nvidia ($NVDA) chips. (semafor.com)IPOsKeep an eye on the CoreWeave IPO for hints on the AI market. (semafor.com)BNPL provider Klarna has filed for an IPO. (cnbc.com)DOGEThe Social Security Administration was already struggling with customer service. (axios.com)A look at the chaos inside the IRS. (cnn.com)The Cybersecurity and Infrastructure Security Agency has been kneecapped. (wired.com)Cuts at the VA will mean cuts in care. (theconversation.com)In a warmer world, the U.S. Forest Service needs more workers, not fewer. (newyorker.com)The Voice of America is apparently 'unnecessary.' (politico.com)Trashing USAID will mean (many) lost lives. (newyorker.com)The CFPB is surprisingly not dead yet. (nytimes.com)GlobalDeflation is over in Japan. (ft.com)China has no desire to see manufacturing thrive in India. (noahpinion.blog)On the security implications of a less reliable U.S. (foreignpolicy.com)The US is throwing away its soft power. (bloomberg.com)EconomyConsumer sentiment is deteriorating. (apolloacademy.com)DOGE cuts have yet to really affect the economy. (axios.com)The economic schedule for the coming week. (calculatedriskblog.com)Earlier on Abnormal ReturnsTop clicks this week on the site. (abnormalreturns.com)What you missed in our Saturday linkfest. (abnormalreturns.com)You can now follow us on Bluesky. (bsky.app)Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)Mixed mediaThere are crucial differences between running a business and government. (theconversation.com)Trump doesn't do policy. He does this instead. (theatlantic.com)Project 2025 really is happening. (politico.com)
Markets
- Sam Ro, "The stock market does not price in what’s going on today. It’s pricing in what’s expected in the weeks, months, and years ahead." (tker.co)
- Ben Carlson, "The stock market doesn’t care what you say or how you feel." (awealthofcommonsense.com)
Big Tech
- How Apple ($AAPL) whiffed so badly on AI. (spyglass.org)
- Amazon ($AMZN) plans to diversify away from Nvidia ($NVDA) chips. (semafor.com)
IPOs
- Keep an eye on the CoreWeave IPO for hints on the AI market. (semafor.com)
- BNPL provider Klarna has filed for an IPO. (cnbc.com)
DOGE
- The Social Security Administration was already struggling with customer service. (axios.com)
- A look at the chaos inside the IRS. (cnn.com)
- The Cybersecurity and Infrastructure Security Agency has been kneecapped. (wired.com)
- Cuts at the VA will mean cuts in care. (theconversation.com)
- In a warmer world, the U.S. Forest Service needs more workers, not fewer. (newyorker.com)
- The Voice of America is apparently 'unnecessary.' (politico.com)
- Trashing USAID will mean (many) lost lives. (newyorker.com)
- The CFPB is surprisingly not dead yet. (nytimes.com)
Global
- Deflation is over in Japan. (ft.com)
- China has no desire to see manufacturing thrive in India. (noahpinion.blog)
- On the security implications of a less reliable U.S. (foreignpolicy.com)
- The US is throwing away its soft power. (bloomberg.com)
Economy
- Consumer sentiment is deteriorating. (apolloacademy.com)
- DOGE cuts have yet to really affect the economy. (axios.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)
