Thursday links: small improvements
MarketsThe AI trade is by no means over. (sherwood.news)Palantir ($PLTR) is by any measure overvalued. (on.ft.com)CryptoStablecoin issuer Circle ($CRCL) is now public. (cnbc.com)A Trump Media backed Truth Social Bitcoin ETF is coming. (theblock.co)JP Morgan Chase ($JPM) will now accept Bitcoin ETFs as collateral. (coindesk.com)You knew somebody was going to try to stuff NFTs into an ETF. (ft.com)FinanceUK fintech Wise plans to switch its primary listing to New York. (ft.com)Blackrock ($BLK) is working to overcome ESG backlash. (semafor.com)Anduril is valued at some $30.5 billion after a fresh round of capital. (axios.com)AIAI doesn't learn how humans do. (dwarkesh.com)How to hedge the economic risk of AI. (awealthofcommonsense.com)How many AI data centers is too many? (nytimes.com)ChatGPT now logs more visits than Wikipedia in the U.S. (sherwood.news)MuskJennifer Pahlka, "Elon may have brilliantly disrupted the auto and space industries, but he’s leaving DC with the status quo, at least as it relates to technology and service delivery, largely intact." (eatingpolicy.com)Why the Trump-Musk split happened. (danieldrezner.substack.com)It's doubtful that Musk learned anything along the way. (paulkrugman.substack.com)Tesla ($TSLA) shareholders are worried about the fallout. (axios.com)DemographicsItaly has a genuine demographic problem. (ft.com)What Vietnam is doing about falling birth rates. (npr.org)EconomyWeekly initial unemployment claims are ticking higher. (calculatedriskblog.com)Continuing claims are at a multi-year high. (bonddad.blogspot.com)The housing market is softening. (awealthofcommonsense.com)Why more Americans are filing for Social Security. (axios.com)On the state of the labor market. (stayathomemacro.substack.com)What's the endgame for tariffs? (paulkrugman.substack.com)Earlier on Abnormal ReturnsLongform links: a thin line. (abnormalreturns.com)Personal finance links: money as optionality. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: taking comfort. (abnormalreturns.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Mixed mediaHow much is Wrexham FC valued at after promotion to the Championship? (frontofficesports.com)Ryan Reynolds and Hugh Jackman are taking over the Australian SailGP team. (sportico.com)Curling is going pro. (johnwallstreet.com)
Markets
- The AI trade is by no means over. (sherwood.news)
- Palantir ($PLTR) is by any measure overvalued. (on.ft.com)
Crypto
- Stablecoin issuer Circle ($CRCL) is now public. (cnbc.com)
- A Trump Media backed Truth Social Bitcoin ETF is coming. (theblock.co)
- JP Morgan Chase ($JPM) will now accept Bitcoin ETFs as collateral. (coindesk.com)
- You knew somebody was going to try to stuff NFTs into an ETF. (ft.com)
Finance
- UK fintech Wise plans to switch its primary listing to New York. (ft.com)
- Blackrock ($BLK) is working to overcome ESG backlash. (semafor.com)
- Anduril is valued at some $30.5 billion after a fresh round of capital. (axios.com)
AI
- AI doesn't learn how humans do. (dwarkesh.com)
- How to hedge the economic risk of AI. (awealthofcommonsense.com)
- How many AI data centers is too many? (nytimes.com)
- ChatGPT now logs more visits than Wikipedia in the U.S. (sherwood.news)
Musk
- Jennifer Pahlka, "Elon may have brilliantly disrupted the auto and space industries, but he’s leaving DC with the status quo, at least as it relates to technology and service delivery, largely intact." (eatingpolicy.com)
- Why the Trump-Musk split happened. (danieldrezner.substack.com)
- It's doubtful that Musk learned anything along the way. (paulkrugman.substack.com)
- Tesla ($TSLA) shareholders are worried about the fallout. (axios.com)
Demographics
- Italy has a genuine demographic problem. (ft.com)
- What Vietnam is doing about falling birth rates. (npr.org)
Economy
- Weekly initial unemployment claims are ticking higher. (calculatedriskblog.com)
- Continuing claims are at a multi-year high. (bonddad.blogspot.com)
- The housing market is softening. (awealthofcommonsense.com)
- Why more Americans are filing for Social Security. (axios.com)
- On the state of the labor market. (stayathomemacro.substack.com)
- What's the endgame for tariffs? (paulkrugman.substack.com)
Earlier on Abnormal Returns
- Longform links: a thin line. (abnormalreturns.com)
- Personal finance links: money as optionality. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: taking comfort. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
