Category: Commodities

Research links: fundamental explanations

Commodities

Tuesday links: being distinctly human

Market Expert Oct 29, 2026

AIWhat is an 'AI stock'? Nobody really knows. (trendlabs.com)Security is a big business for AI. (tomtunguz.com)Anthropic is becoming more efficient with compute. (morningstar.com)Why people will pay a premium for human attention. (newsletter.drorpoleg.com)CompaniesGM ($GM) is switching its listing to the Nasdaq. (nytimes.com)When companies get into trouble, female executives are often the scapegoats. (bloomberg.com)Why LVMH stock is nearly 60% off its highs. (whyisthisinteresting.substack.com)ETFsManaged futures ETFs are having a moment. (thedailyupside.com)Janus Henderson is launching the first-ever licensed tokenized fund tracking the Nasdaq-100 Index. (wsj.com)GamblingThe NBA is partnering with Kalshi and Polymarket. (nytimes.com)Polymarket is fielding tips about election insider trading. (npr.org)Regulators are probing how gambling companies target customers. (nytimes.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Work in

Commodities

Wednesday links: being held accountable

Market Expert Oct 29, 2026

BondsFixed income finally has some income. (morningstar.com)The bond market is returning to some level of normalcy. (mrzepczynski.blogspot.com)CompaniesIndia just saw its biggest IPO, Jio Platforms, in history. (axios.com)SK Hynix ($SKHY) earnings were off the charts. (cnbc.com)AITen takeaways from the Anthropic ($ANT) S-1. (thezvi.substack.com)The biggest surprises in Anthropic's S-1. (axios.com)Why Anthropic's gross margins matter. (semafor.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail newsletter.Work in wealth management? (abnormalreturns.com)Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)ChinaChinese EVs are all over Mexico. (wapo.st)Chinese auto makers compete like crazy at home. (wsj.com)Honda ($HMC) is worried about Chinese manufacturers. (axios.com)GlobalAmerica runs on Canadian aluminum. (wsj.com)How German manufacturing lost its edge. (klementoninvesting.substack.com)The Black Sea is a deadly s

Commodities

Monday links: a wave of vulnerabilities

Market Expert Oct 27, 2026

StrategyEjiye Jimeta Ibhawoh, "AI will change what is scarce. It will not decide who captures that scarcity premium." (rpc.cfainstitute.org)Bear markets are about balance sheets. (hub.tslombard.com)AINo more leaks. Anthopic has dropped its S-1. (techcrunch.com)Elon says the neoclouds are dead. (barrons.com)Meta ($META) is raising some $95 billion. (wsj.com)Microsoft ($MSFT) is offering 60,000 employees a buyout. (theverge.com)Stay in touchWork in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)GlobalHow Canada is decoupling economically from the U.S. (apricitas.io)Mexico is stuck between the U.S. and China economically. (giftarticle.ft.com)The Cuban economy is in a tailspin. (theatlantic.com)Earlier on Abnormal ReturnsAdviser links: asking for referrals. (abnormalreturns.com)What you missed in our Sunday linkfest. (abnormalreturns.com)Top clicks last week o

Commodities

Sunday links: massive investments

Market Expert Oct 26, 2026

StrategyFive stock market myths including 'Stock market returns revert to a mean.' (tker.co)More data doesn't necessarily make for better investing. (awealthofcommonsense.com)How to seek out anti-AI opportunities. (albertbridgecapital.com)AIIt was a bad week for the AI trade. (axios.com)Free cash flow is a thing of the past at Big Tech. (staringdownthebarrel.substack.com)How AI has changed the VC calculus. (newcomer.co)DefenseWhy the Canadian military is skeptical of the Pentagon. (theatlantic.com)How Ukraine continues to successfully strike deep into Russia. (bloomberg.com)GlobalWhy Indonesia's economy is struggling. (nytimes.com)China's economy has a profitability problem. (theatlantic.com)Why it is nearly impossible to keep illegally mined gold off the market. (nytimes.com)The AmericasWhat the U.S. is doing in Venezuela has nothing to do with restoring democracy. (theatlantic.com)Why Central American leaders are taking cues from Bukele. (nytimes.com)National debtTotal federal

Commodities

Friday links: bond math

Market Expert Oct 24, 2026

BondsWhy it's time to think about bonds. (awealthofcommonsense.com)The math is now mathing for bond investors. (ft.com)Muni issuance is at multi-year highs. (axios.com)FinanceAnalysts will soon have only one Elon Musk-led company to make sense of. (ftav.substack.com)HFT firms are building their own AI data centers. (bloomberg.com)The NYSE is losing out on big IPO listings. (wsj.com)FundsThe options ETF business is booming. (barrons.com)There is no shortage of buffered Bitcoin ETFs. (thedailyupside.com)The funds that own stakes in OpenAI and Anthropic. (morningstar.com)AIWhy banks are blocking AI agents. (thedailyupside.com)Data centers use a lot of gray paint. (nytimes.com)Finland has their own issues with data center construction. (theguardian.com)The Wayback Machine is collateral damage in the fight against AI. (theatlantic.com)UkraineHow the war in Ukraine has moved underground. (theatlantic.com)How Ukraine is adapting to Starlink outages. (arstechnica.com)WorkMen are more

Personal finance links: statistics vs. stories

Commodities

Wednesday links: a modest gatekeeping role

Market Expert Oct 23, 2026

AnthropicWhy Anthropic has to go public. (axios.com)More leaks from the draft Anthropic S-1. (wsj.com)AINobody knows how all this is going to work out. (awealthofcommonsense.com)Eric Kantrowitz talks AI with Alphabet ($GOOGL) CEO Sundar Pinchai. (bigtechnology.com)Anthropic is moving closer to recursive self-improvement. (theargumentmag.com)Data centersThe data center industry needs a reset. (econofact.org)Winners and losers if the data center build out slows down. (apollo.com)The data center boom is bumping up against real world constraints. (ft.com)Stay in touchDon'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)EconomyWhy the Fed should hike rates. (stayathomemacro.substack.com)The housing market is stuck in the mud. (calculatedrisk.substack.com)Is the labor market more at-risk today of an economic shock? (snippet.finance)A look at the gap betwee

Longform links: inequality and alienation

Commodities

Tuesday links: housing market ennui

Market Expert Oct 21, 2026

FinancePolymarket is losing share to Kalshi. (bloomberg.com)Don't be surprised if SpaceX ($SPCX) and Tesla ($TSLA) merge. (slate.com)The problems facing the property and casualty industry are only going to get worse. (hamiltonnolan.com)Is real estate still a diversifier? (institutionalinvestor.com)AIToken spending has flattened out. (apollo.com)CDS on hyperscalers are ticking higher. (ft.com)Eric Schmidt owns around 1% of Anthropic PBC. (finance.yahoo.com)Derek Thompson talks Ethan Mollick about why you are likely underestimating AI. (derekthompson.org)Stay in touchWork in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)GlobalUkraine is defending the West. (snyder.substack.com)Trump is now fully in alliance with Putin. (theatlantic.com)Belarus is moving ever closer to Russia. (economist.com)Canada is beefing up its defense spending. (theatlantic.com)Ezra

Commodities

Sunday links: capturing AI beta

Market Expert Oct 20, 2026

MarketsThe on-the-run 30-year Treasury bond has a duration of around 14 years. (apollo.com)Berkshire Hathaway ($BRK.A) is an index unto itself. (trendlabs.com)StrategyHow to diversify in an age of AI concentration. (awealthofcommonsense.com)Beware confirmation bias. (ritholtz.com)ETFsThere will soon be more ETFs than mutual funds. (thedailyupside.com)Why tax treatment matters for derivative income ETFs. (wealthmanagement.com)AlternativesEight myths about semiliquid funds including 'Incentive fees encourage managers to perform better'. (morningstar.com)Blue Owl ($OWL) stock is struggling. (wsj.com)Venture capitalVCs can't miss out on the AI boom. (pivotal.substack.com)VCs are scaling up to meet the moment. (investing101.substack.com)TaxesHow the pass-through entity became a tax nightmare. (theatlantic.com)How Switzerland taxes wealth. (washingtonpost.com)Conflicts of interestWhy did the CFTC pull the plug on this investigation? (bloomberg.com)A look at everyone who has donated to

Commodities

Monday links: the race to the bottom

Market Expert Oct 20, 2026

MarketsThe past 15 year have seen way above average equity returns. (awealthofcommonsense.com)If you believe in stock market seasonality, pay attention. (trendlabs.com)FinanceETF industry average fees stopped falling in 2023. (etf.com)The companies that oppose share tokenization. (wsj.com)AIAnthropic is setting aside stock for public benefit. (axios.com)AI companies are writing off a lot of investments for tax purposes. (nytimes.com)Training AI models is the new gig work for professionals. (bloomberg.com)How AI agents could overrun shopping sites. (theatlantic.com)Stay in touchWork in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)AppleWhy is Apple ($AAPL) neglecting the Apple TV? (sixcolors.com)Apple ($AAPL) is betting people want another screen in their homes. (daringfireball.net)A big profile of new Apple ($AAPL) CEO John Ternus. (time.com)How Apple