Category: Commodities

Commodities

Tuesday links: the electric revolution

Market Expert Sep 2, 2026

August 2026How major asset classes performed in August 2026. (capitalspectator.com)The S&P 500 rose 2.72% in August 2026. (on.spdji.com)RatesThe 30-year Treasury is at it highest sustained level since 2006. (fa-mag.com)A Q&A with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World." (axios.com)Retail tradingHow South Korea effectively tamped down on (leveragerd) speculation. (sg.finance.yahoo.com)How retail investors have changed how the stock market works. (harveysawikin.substack.com)GamblingWhy college kids are uniquely at-risk from problem gambling. (espn.com)How Pokemon cards became a way to gamble. (slate.com)FinancePolymarket raised another $1 billion, led by 1789 Capital. (nytimes.com)Some 21 banks, including BofA, Wells and Goldman, are launching a stablecoin. (wsj.com)Revolut is now larger than every UK bank but HSBC. (ft.com)AIHow AI is putting pressure on big consulting firms. (ft.com)How hyperscalers are accelerating data c

Commodities

Sunday links: science denial

Market Expert Aug 31, 2026

Fund managementIt's hard to overstate the impact of the indexing revolution. (bobpisani.substack.com)Will ETFs embrace perpetual futures? (etfcentral.com)NvidiaA look at Nvidia's ($NVDA) impressive recent earning report. (newsletter.fiscal.ai)Nvidia ($NVDA) is now worth more than 5 of 11 S&P sectors. (axios.com)Nvidia ($NVDA) is spending big on startups. (pitchbook.com)Prediction marketsFormer White House teleprompter operator ordered by CFTC to pay $172,000 for Kalshi trades on mention markets. (theblock.co)States are not backing down in the battle against prediction markets. (nytimes.com)TaxesWhen you pause a gas tax, you have to find money for roads somewhere else. (indianacapitalchronicle.com)Want to narrow the budget deficit? Collect taxes that are already on the books. (ft.com)Social SecurityA reckoning is coming for Social Security. Politicians aren't ready. (politico.com)Want to save Social Security? Cap earnings. (wapo.st)GovernmentFarmers are struggling to get help from a

Commodities

Friday links: not-so average returns

Market Expert Aug 30, 2026

BondsBond market volatility is muted. (mrzepczynski.blogspot.com)Ezra Klein talks with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.", about the bond market. (podcasts.apple.com)SpeculationSpeculators have always existed, how they trade has changed. (wsj.com)G. Elliott Morris talks with Rajiv Sethi about how prediction markets work. (gelliottmorris.com)GamblingMLB players are increasing being targeted by disgruntled gamblers. (nytimes.com)How one gambling addict relapsed after discovering Kalshi. (bloomberg.com)FinanceZero-coupon convertible bonds are all the rage these days. (ft.com)What a combined Victory Capital-First Eagle will look like. (morningstar.com)On the many flavors of semi-liquid alternatives funds. (pitchbook.com)PharmaRevolution Medicines’ ($RVMD) drug Rasonque was approved to treat pancreatic cancer. (wsj.com)Eli Lilly's ($LLY) retatrutide isn't even on the market yet, but knocks are already for sale. (axios.com)

Commodities

Thursday links: messing with market fairness

Market Expert Aug 28, 2026

BondsRates are rising even more overseas. (wsj.com)How the AI boom could go wrong...for bondholders. (nytimes.com)A look at the long term history of corporate bond spreads. (ft.com)Prediction marketsKalshi wants to grow its weather business. (wsj.com)The Trump family has weighed in on the side of prediction markets companies. (nytimes.com)Kalshi has signed deals with five MLB teams. (frontofficesports.com)FinanceThe Bitcoin treasury company business model is unraveling. (ft.com)How trading cards became another way to gamble in America. (barrons.com)There's really no reason for this ETF to exist. (etf.com)NvidiaIt's hard to fathom the size and success of Nvidia ($NVDA) at this point. (tomtunguz.com)Hyperscalers are falling as as percentage of Nvidia's ($NVDA) revenue. (axios.com)Nvidia ($NVDA) is reportedly buying Hugging Face. (cnbc.com)MetaMeta ($META) settled over allegations Facebook and Instagram were designed in ways that harm children. (axios.com)This is a slap on the wrist

Research links: judgment and accountability

Commodities

Tuesday links: connecting the dots

Market Expert Aug 27, 2026

FinanceSome brand name companies, i.e. Oura Health, are coming to the IPO market. (wsj.com)PE firms are digging into their bag of tricks to return capital to investors. (bloomberg.com)The Guggeinheim universe is nothing if not complicated. (mispricedassets.substack.com)AIStartups and incumbents have very different incentives when it comes to AI. (stratechery.com)How data center operators sleepwalked into a political crisis. (politico.com)How the AI build out is working its way through various bottlenecks. (tomtunguz.com)The Flock Safety backlash is related to the AI backlash. (wsj.com)A new Apple ($AAPL) Mac Mini is here. (appleinsider.com)LettuceGiven all the issues, why do we bother with lettuce? (wapo.st)The many ways that a bag of salad can go wrong. (nytimes.com)Can startups help solve the food safety crisis? (pitchbook.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 Talkin

Personal finance links: safely spending a nest egg

Commodities

Wednesday links: always in training

Market Expert Aug 27, 2026

MarketsWhat's behind the rise in Treasury yields? (ritholtz.com)Falling earnings expectations would kill the bull market. (spilledcoffee.co)Is this market more like the Nifty Fifty era than the Dotcom boom? (awealthofcommonsense.com)ManagersGreat investors aren't exactly normal. (economist.com)A big profile of Leopold Aschenbrenner, portfolio manager of Situational Awareness. (wsj.com)ETFsSpaceX's ($SPCX) share of various index ETFs is going up. (morningstar.com)A closer look at the Alpha Architect 1-3 Month Box ETF ($BOXX). (barrons.com)FinanceWhy the alternative asset managers have struggled this year. (morningstar.com)Victory Capital Holdings Inc. agreed to buy First Eagle Investments (bloomberg.com)Signs that institutional investors are coming to embrace evergreen funds. (ft.com)Concerns from Mark Walters are spreading through the insurance industry. (wsj.com)Vanguard is buying upstart custodian Altruist. (wsj.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail ne

Commodities

Monday links: everybody hates bonds

Market Expert Aug 25, 2026

MarketsWhy everyone hates bonds right now. (awealthofcommonsense.com)Microcaps are having a year. (morningstar.com)ETFsMore ETFs means more ETF closures. (barrons.com)The Invesco S&P 500 Equal Weight ETF ($RSP) surpassed $100 billion in assets for the first time. (cnbc.com)FinanceWhat's behind the surge in new bank applications, including World Liberty Financial? (bloomberg.com)Why American firms are snapping up European asset managers. (ft.com)How Trade.xyz built a perpetual futures business. (bloomberg.com)MoviesOn the surprising prospects for a 'Masters of the Universe' sequel. (spyglass.org)Are foreign actors taking over Hollywood? Yeah, kinda. (stephenfollows.com)Why aren't more movies shot in Imax ($IMAX)? (engadget.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)MideastNobody's really sure how much oil is flowing through

Saturday links: the age of misinformation

Commodities

Sunday links: buyback blowback

Market Expert Aug 24, 2026

MarketsOil markets are tuning out Trump's statements. (axios.com)Companies in the Stoxx Europe 600 index saw an 18% rise in Q2 earnings. (wsj.com)Markets lie less than politicians. (howardlindzon.com)ETFsBryan Armour, "Single-stock exchange-traded funds are the hoverboards of finance. They provide no real utility and might catch fire and explode at any moment." (morningstar.com)T Rowe Price ($TROW) is buying F/m Investments. (etf.com)CompaniesThere is still a ways to go before the Moderna ($MRNA)-Merck ($MRK) cancer vaccine goes commercial. (wsj.com)YouTube and Netflix ($NFLX) are on a collision course. (spyglass.org)Why is Visa ($V) still so profitable? (fiscal.ai)SpendingHow is the $1 trillion defense budget being spent? (propublica.org)How the DHS is spending its rapidly growing budget. (slate.com)SubsidiesWhy politicians love corporate subsidies. (boondoggle.substack.com)Why some governors have flip-flopped on data centers. (wsj.com)Stay in touchWork in wealth management? Sign

Commodities

Friday links: the written word

Market Expert Aug 22, 2026

IndexingThe first retail index fund, via Vanguard, turned 50 years old. (morningstar.com)Who won from the index fund revolution? (bloomberg.com)'Bogle's folly' turned out not to be. (wsj.com)FinanceA look at the big players in the pre-IPO stock space. (pitchbook.com)Is Jane Street a prop trading firm, or a hedge fund? (ft.com)WalmartLast quarter, Walmart ($WMT) sales are best described as mid. (nytimes.com)Walmart ($WMT) will finally accept tap-to-pay. (engadget.com)TechnologyAnthropic is floating talk of a record IPO offering. (fa-mag.com)Samsung is returning (big) capital to shareholders. (cnbc.com)How Boise, Idaho is feeling the impact of Micron's ($MU) stock surge. (cnbc.com)Stripe is buying OpenRouter for some $8 billion. (semafor.com)Sports businessMarc Lore is selling control of the Minnesota Timberwolves at a $4.5 billion valuation. (axios.com)The story of UWM Holdings ($UWMC), Matt Ishibia and the Phoenix Suns. (huddleup.substack.com)The Oakland Raiders already want more

Personal finance links: following your own rules

Commodities

Wednesday links: shrinkflation and skimpflation

Market Expert Aug 21, 2026

MarketsA look at the state of the bull market. (spilledcoffee.co)A look at return dispersion in the components of the S&P 500. (axios.com)AIRecent hacks show AI companies don't have a great handle on things. (ft.com)Where small language models (SLMs) can substitute for LLMs. (klementoninvesting.substack.com)Patrick O'Shaughnessy talks with Ben Thompson about the binding constraints on the AI buildout. (podcasts.apple.com)Hyperscalers are betting big on natural gas. (techcrunch.com)AppleHow Apple ($AAPL) 'AirPods Vision' could work. (spyglass.org)The Apple ($AAPL) Vision Pro as surgery assistant. (asymco.com)PharmaA Moderna ($MRNA) and Merck ($MRK) mRNA melanoma vaccine proved efficacious. (wsj.com)Eli Lilly ($LLY) is taking cues from Silicon Valley. (economist.com)Why pharmaceutical price inflation is negative. (axios.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