Markets
- Gold is well off its highs. (axios.com)
- Semiconductor stocks have taken a hit from their highs. (semafor.com)
- ASML Holding ($ASML) is Europe's most valuable company, ever. (bloomberg.com)
- When do rising interest rates start to matter? (trendlabs.com)
- Is an AI bubble inevitable? (awealthofcommonsense.com)
ETFs
- Low costs matter, even for Bitcoin ETFs. (wsj.com)
- The Vanguard S&P 500 ETF ($VOO) has crossed $1 trillion in assets. (etf.com)
Private assets
- Blackstone ($BX) is having to gate Bcred. (wsj.com)
- Private credit lenders are now tightening up their lending standards. (wsj.com)
IPOs
- S&P took a stand. (philbak.substack.com)
- S&P stands alone among index providers when it comes to SpaceX. (ft.com)
- The vast majority of American investors will soon be SpaceX shareholders. (thebulwark.com)
- A look at the investors who are going to clean up on SpaceX. (om.co)
- Traders and investor should view SpaceX differently. (aswathdamodaran.blogspot.com)
- You are under no obligation to have an opinion about the SpaceX IPO. (godspeed.today)
Prediction markets
- Signs that prediction markets are taking share from sports books. (barrons.com)
- How Polymarket utilizes paid influencers. (politico.com)
- Not everyone is happy about the approval of perpetual futures. (theblock.co)
- Robinhood ($HOOD) is shifting trades away from Kalshi. (bloomberg.com)
- Prediction market companies have rapidly built up their regulatory efforts. (newrepublic.com)
Economy
- The May NFP showed continued payroll growth and a 4.3% unemployment rate. (bonddad.blogspot.com)
- Jobs growth continues, but its still largely driven by healthcare jobs. (newsletter.platypuseconomics.com)
- How the stock market is driving American wealth. (axios.com)
- Americans just keep spending. (finance.yahoo.com)
Earlier on Abnormal Returns
- Longform links: suspicious markets. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: winning at life. (abnormalreturns.com)
- Saying no to algorithmic slop. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)