Category: Commodities

Saturday links: denying scientific consensus

Commodities

Thursday links: a job in a system

Market Expert Apr 11, 2026

Fund managementDiversification is a shock absorber for Blackrock ($BLK). (wsj.com)Asset management is going to look very different in ten years. (philbak.substack.com)Prediction marketsJoe Weisenthal and Tracy Alloway talk with Thomas Peterffy, founder and Chairman of Interactive Brokers ($IBKR), about prediction markets. (podcasts.apple.com)Eric Balchunas and Joel Weber talk with Matt Hougan, CIO of Bitwise, about how prediction market ETFs would work. (podcasts.apple.com)TBPNWhy OpenAI bought TBPN. (npr.org)The TBPN deal has unleashed more podcast acquisition talk. (theankler.com)GLP-1sWhere the GLP-1 market stands. (sherwood.news)Novo Nordisk ($NVO) is launching a high dose Wegovy. (wsj.com)Eli Lilly's ($LLY) GLP-1 pill, Foundayo, is easier to take. (biopharmadive.com)GLP-1 drugs have been found to improve symptoms of arthritis, even without weight loss. (refractor.io)An experiment with microdosing GLP-1s to treat disease. (jodiettenberg.com)GlobalWhere does the U.S. stand vs. befor

Commodities

Friday links: encouraging lawbreaking

Market Expert Apr 11, 2026

MarketsTIPS are trading at historically high levels. (wsj.com)Momentum has outperformed since the start of the Iran war. (capitalspectator.com)Roundhill Memory ETF ($DRAM) is off to a fast start. (etf.com)CompaniesWhat Greg Abel, the new CEO of Berkshire Hathaway ($BRK.A) can learn from Tim Cook. (kingswell.io)What 1000-year old companies can teach us about resilience. (bigthink.com)Why Dr. Bronner sales are booming. (wsj.com)SpaceXOf course Elon Musk wants to merge SpaceX with Tesla ($TSLA). (barrons.com)This aspect of a SpaceX IPO is notable, and worrying. (ft.com)FinanceHow private credit's problems redound on private equity. (axios.com)Stocks backed by this company all tend to go down, a lot. (ft.com)Prediction marketsGoogle ($GOOGL) is now featuring Polymarket odds. (futurism.com)A lot more athletes have invested in Kalshi. (frontofficesports.com)Social mediaTwitter downgrades external links. (niemanlab.org)Max Tani and Ben Smith talk with Bluesky COO Rose Wang. (semafor.com)Why c

Personal finance links: increased tax complexity

Commodities

Wednesday links: special IPO rules

Market Expert Apr 9, 2026

MarketsSome highlights from Q1 returns including a big move in energy stocks. (novelinvestor.com)Most investors come up with a theory and then look for evidence. (chartkidmatt.com)Pictures of the moon are quite a contrast to the mess here on Earth. (howardlindzon.com)FinanceCan AI be used to do audits? (wsj.com)Why the definition of a swap matters. (dopaminemarkets.com)The Morgan Stanley Bitcoin Trust ($MSBT) is now live. (wealthmanagement.com)IPOsHow different index providers are planning to deal with mega IPOs like SpaceX. (morningstar.com)Looser inclusion rules will stick index investors with the bag. (acadian-asset.com)How private markets will get reshuffled after the big three go public. (morningstar.com)When will SpaceX and Tesla ($TSLA) merge? (wsj.com)Claude MythosWhy Anthropic is holding back the release of Claude Mythos. (nytimes.com)AI can now break, and fix stuff, at scale. (spyglass.org)Why spending will now shift to hardening systems. (tomtunguz.com)Are future AI model re

Commodities

Monday links: a distraction at best

Market Expert Apr 8, 2026

Fund managementBlackrock ($BLK) is launching a competitor to the iShares Nasdaq 100 ETF ($QQQ). (wealthmanagement.com)Alternatives in 401(k) plans are a solution in search of a problem. (morningstar.com)OpenAIA big profile of Sam Altman and his leadership of OpenAI. (newyorker.com)There seems to be some doubt internally whether OpenAI is ready to IPO. (wheresyoured.at)OpenAI published a policy paper on how to deal with the effects of AI on the economy. (axios.com)IranThe Strait of Hormuz 'is not closed. It has been converted.' (theomission26.substack.com)The war in Iran has highlighted limits of U.S. power. (theatlantic.com)How the war is entrenching Iran's position. (nytimes.com)The war in Iran is a boon for China's renewable energy industries. (wapo.st)EconomyGasoline prices are higher, but not historically high. (bonddad.blogspot.com)Companies are not acting as if they exepectan extended Iran war. (thetranscript.substack.com)Where manufacturing employment is growing (and shrinking)

Commodities

Research links: the economics of financial economics

Market Expert Apr 8, 2026

Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a visualization of...

Commodities

Tuesday links: the same buggy software

Market Expert Apr 8, 2026

StrategyRecognize that you are not built to be a great investor. (humbledollar.com)The sell is as important as the buy. (klementoninvesting.substack.com)DealsBill Ackman wants to buy Universal Music Group ($UMG). (cnbc.com)Paramount's ($PSKY) bid for Warner Bros. is dependent on Gulf sovereign wealth funds. (wsj.com)Why aren't private equity firms doing more company IPOs? (pitchbook.com)The big banks are pushovers for Musk. (ft.com)Private assetsJosh Brown talks with Nick Nemeth⁠, writer of the Mispriced Assets blog, about the risks of private credit on insurance company balance sheets. (youtube.com)Opportunistic credit is gearing up to dig through distressed private credit. (fa-mag.com)ETFsLeveraged ETFs are a double-edge sword. (optimisticallie.com)The new Roundhill Memory ETF ($DRAM) has a great ticker symbol. (etf.com)Now State Street ($STT) is jumping into the Nasdaq 100-tracking ETF game. (fa-mag.com)AIAI is going to increase frictions, not reduce them. (educatedguesser.substack.

Commodities

Sunday links: a fundamental promise

Market Expert Apr 6, 2026

StrategyStock market returns can be lumpy. (awealthofcommonsense.com)How the 'winner's curse' works in practice. (humbledollar.com)Roben Farzard talks markets and media with Sam Ro of TKer fame. (youtube.com)Private assetsHow close are we to alts in 401(k) plans? (riabiz.com)If alts were a slam dunk, then providers wouldn't need legal protections to include them in their plans. (thealtview.substack.com)ETFsHow the SPDR Portfolio S&P 500 ETF ($SPYM) gathered some $110 billion in AUM. (etf.com)The average lifespan of an ETF liquidated has fallen dramatically. (advisorperspectives.com)Why you should expect additional consolidation in the asset management industry. (ft.com)AIHow Elon is putting the screws to potential SpaceX bankers. (arstechnica.com)AI and the future of work. (noahpinion.blog)David Sacks will continue to have his fingers on AI policy. (axios.com)DefenseTrump was counting on a quick victory in Iran. What that means going forward. (danieldrezner.substack.com)What is happeni

Commodities

Friday links: the standards of previous generations

Market Expert Apr 5, 2026

Prediction marketsWho's making money on prediction markets? (giftarticle.ft.com)Prediction market structured notes are here. (bloomberg.com)IPOsThe big IPOs are going to rely on the growing class of individual investors. (newcomer.co)Why OpenAI and Anthropic are in a rush to go public. (axios.com)Private assetsWhy private credit investors are asking for their money back. (wsj.com)The life insurance industry is a big investor in private credit. (axios.com)MediaThe wealthiest people in the world are buying up media properties. (hollywoodreporter.com)What OpenAI wants with TBPN. (om.co)Why Joanna Stern quit the WSJ to go solo. (semafor.com)GLP-1sEli Lilly's ($LLY) new weight loss pill Foundayo just got approved. (statnews.com)Could python blood lead to the next weight loss drug? (smithsonianmag.com)GLP-1s seem to help with psoriatic arthritis. (medpagetoday.com)WarDerek Thompson talks with Alex Turnbull about how China is a winner from the Iran war. (theringer.com)The U.S. needs to get se

Saturday links: pursuing dreams and goals

Commodities

Thursday links: the threat to the open web

Market Expert Apr 3, 2026

StrategyWhy it's so tempting to go bottom fishing in washed out stocks. (awealthofcommonsense.com)How to avoid choice overload. (mrzepczynski.blogspot.com)Private assetsBlue Owl ($OWL) continues to see big outflow requests. (semafor.com)A closer look at Blackstone’s $48.2bn BCRED. (citywire.com)Prediction marketsContent creators are scouring prediction markets for insider trading. (theverge.com)Prediction markets want to attract more women to the platform. (theatlantic.com)AppleHow the Mac changed people's lives and careers. (sixcolors.com)David Pogue's "Apple: The First 50 Years" is a 'veritable encyclopedia of Apple history.' (daringfireball.net)Ben Thompson talks Apple ($AAPL) with Asymco's Horace Deidu. (asymco.com)Apple ($AAPL) still cares about computers. (marco.org)Real estateMigration into Miami has dramatically slowed. (housingnotes.com)Office vacancies hit a record high. (axios.com)TariffsChecking in on things, one-year post Liberation Day. (ritholtz.com)Tariff policies chang

Research links: increasingly exotic signals

Commodities

Tuesday links: inherently uncertain

Market Expert Apr 2, 2026

StrategyHow to de-bias your decision making. (mrzepczynski.blogspot.com)The financial markets are always uncertain. (behaviouralinvestment.com)CompaniesHow Apple ($AAPL) can keep winning, despite the threat from AI. (stratechery.com)A look at the reasons behind Lennar's ($LEN) struggles. (hntrbrk.com)Allbirds ($BIRD) is going private. (sherwood.news)Private assetsWhy alternatives have higher fees. (rpc.cfainstitute.org)Blackstone ($BX) wants to sell you a hedge fund. (fa-mag.com)Evergreen fund incentive fee disclosure could be better. (pitchbook.com)MediaWhy video podcasts have devolved into celebrity chat sessions. (garbageday.email)Beehiiv is making a podcasting push. (semafor.com)EconomyHow the oil shock is playing out. (axios.com)How oil shocks have historically affected the economy. (econbrowser.com)How crude oil makes its way around the globe. (paulkrugman.substack.com)Earlier on Abnormal ReturnsResearch links: increasingly exotic signals. (abnormalreturns.com)What you misse