Category: Commodities

Commodities

Friday links: one big AI trade

Market Expert Oct 17, 2026

MarketsEnergy stocks are at all-time highs. (trendlabs.com)A look at 2027 expected corporate earnings. (ft.com)ETFsETF fees are low, but could be lower. (wsj.com)Some people are confusing ETF distributions for returns. (fa-mag.com)The case for TIPS ladder ETFs. (barrons.com)AI debtHow much more AI debt can the market stomach? (axios.com)CDS rates on Corweave ($CRWV) debt has blown out. (axios.com)AI talkEzra Klein talks with Paul Kedrosky and Azeem Azhar about the AI boom. (podcasts.apple.com)Josh Brown and Michael Batnick talk with Steve Eisman about how how OpenAI and Anthropic became systemically important. (youtube.com)Tyler Cowen talks with Dwarkesh Patel about what we misunderstand about AI. (nytimes.com)AppleApple ($AAPL) has a pricing problem. (daringfireball.net)AI device makers are betting on unbundling the iPhone. (asymco.com)Signs that demand is high for the new iPhone Duo. (sixcolors.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail newsletter. (abnorma

Commodities

Thursday links: fundamental explanations

Market Expert Oct 17, 2026

MarketsThe yield on the S&P 500 is now just a tick above 1.0%. (barrons.com)Why the spread on CoreWeave ($CRWV) bonds is soaring. (axios.com)ExchangesThe CBOE ($CBOE) is extending trading hours. (cnbc.com)How to perpetual futures on private companies work? (etf.com)Private equityBlackstone ($BX) is all-in on AI. (finance.yahoo.com)Private equity fundraising is have a tough time. (wsj.com)AIThe AI labs have downgraded safety culture. (thezvi.substack.com)How self-replicating botnets could muck up the Internet. (theatlantic.com)In the future, AI will be integrated into everything. (kevinkelly.substack.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)GlobalWhy Ukraine needs to change tactics. (theatlantic.com)Russia is now testing European shipping. (wsj.com)Why the Houthis have ramped up their attacks on Saudi Arabia. (theconversat

Personal finance links: maximizing your life

Commodities

Wednesday links: taking risk off the table

Market Expert Oct 15, 2026

MarketsChip stocks are off their highs. (axios.com)Options volume is back to Covid-era highs. (wsj.com)Concentration is not just a U.S. phenomenon. (mrzepczynski.blogspot.com)EarningsCorporate profit margins are at record highs. (axios.com)This bull market is an earnings story. (chartkidmatt.com)StrategyGiven the run in equities, your portfolio may be out of balance. (awealthofcommonsense.com)By this measure, it's time to think about rotating into bonds. (mrzepczynski.blogspot.com)CompaniesFrom one conglomerate to another. Berkshire Hathaway ($BRK.A) increases its stake in Bending Spoons ($BSP). (cnbc.com)Why Skydance ($SKYD) shares are down big. (variety.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)ConfictWhen civilian airports become targets. (buttondown.com)Foreign workers are at risk at Russia's oil refineries. (nytimes.

Commodities

Monday links: clearing out the junk

Market Expert Oct 14, 2026

StrategyA sign that bonds could be in for a bounce. (trendlabs.com)Why investors are often fighting the last war. (safalniveshak.com)Five things that always make sense for your portfolio including 'Take out the trash.' (ritholtz.com)Prediction marketsPrediction markets are turning into another opportunity for people to bet on long shots. (awealthofcommonsense.com)Do we really want people betting on the outcome of court cases? (wsj.com)Data centersWhy the Firmus Grid IPO went off the rails. (ft.com)Not every news organization views the data center story the same. (semafor.com)A look at why Europe is lagging in the data center business. (apollo.com)Why data centers cost so much. (bloomberg.com)AIOn the state of coding in the age of AI. (theatlantic.com)Even book publishers can't stay away from AI. (wired.com)Why AI erodes our will to persist at hard tasks. (news.berkeley.edu)UkraineHow Ukraine targets Russian oil refineries. (wapo.st)Why Ukraine is now targeting Russian data center

Research links: between now and the crash

Commodities

Sunday links: fixing a shortage

Market Expert Oct 12, 2026

MarketsRising margins are one reason why earnings are headed higher. (carsongroup.com)Why the stock market is not the economy. (tker.co)Market history only takes you so far. (humbledollar.com)ETFsETF M&A is running hot. (etf.com)What's the economic case for sports ETFs? (cnbc.com)Eric Balchunas and Joel Weber speak with Jeff Weniger of Corgi ETFs. (podcasts.apple.com)AIDo AI labs have an economic moat? (morningstar.com)Just how big is Meta's ($META) Muse? (hntrbrk.com)AI seems to be having an impact on call center employment. (marginalrevolution.com)How the 'super intelligence' signalling got so stupid. (spyglass.org)James Pethokoukis talks AI with Ramez Naam. (thebulwark.com)TechThis Fall, screens are filling up with tech-related stories. (axios.com)Why it takes four hours to tell the Elon Musk story. (nytimes.com)Just how much power is too much for today's tech leaders? (theatlantic.com)PolicyICE is acting with impunity. (newyorker.com)Why do older lawmakers seem to hang onto

Commodities

Friday links: how the economy works

Market Expert Oct 11, 2026

FinanceDo we need to worry about rising margin debt? (cnbc.com)It's tough out there for aspiring hedge fund startups. (bloomberg.com)Just how big can tokenization get? (barrons.com)Data centersHow the CBOE's ($CBOE) trading floor will be turned into a data center. (bloomberg.com)How data center industry is trying to get back in the country's good graces. (slate.com)What the data center boom looks like from the sky. (nytimes.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)RestaurantsA Starbucks and Chipotle merger? Uh, okay. (barrons.com)When and how Chick-fil-A continues to expand. (cnbc.com)Once hot cookie franchise Crumbl is struggling. (restaurantbusinessonline.com)EconomyThe U.S. economy is a big bet on AI. (scientificamerican.com)Not surprising, but older and wealthier Americans have been winners post-pandemic. (wsj.com)E

Commodities

Thursday links: early money stories

Market Expert Oct 9, 2026

RatesHow much of the bond sell-off is technical in nature? (axios.com)The mortgage convexity unwind is likely played out. (ft.com)CryptoTokenized real world assets are coming. (citriniresearch.com)Securitize ($SECZ) has launched tokenized U.S. stocks on its platform (theblock.co)Why the crypto industry pushed so hard for the Clarity Act. (citationneeded.news)FinanceThe prime brokerage business is booming. (ft.com)Roben Farzad talks with William Cohan, author of "Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street." (podcasts.apple.com)CreditThe spread on SpaceX ($SPCX) CDS is rising. (ft.com)Some tentative signs of stress in the credit market. (trendlabs.com)Private credit has a valuation problem. (semafor.com)Liz Hoffman talks with the co-CEOs of Blue Owl ($OWL). (arstechnica.com)GamblingLong-shot trades dominate trading on Kalshi and Polymarket. (bloomberg.com)The NFL thinks prediction market contracts should be state regulated. (f

Commodities

Tuesday links: bonds as diversifier

Market Expert Oct 8, 2026

RatesA dozen reasons why rates are rising, including 'Long-term rate normalization.' (ritholtz.com)It's hard to find bonds yielding less than 3% these days. (apollo.com)Rising rates are threatening to scuttle pending CRE deals. (wsj.com)CompaniesUber ($UBER) is buying ezCater. (techcrunch.com)Wall Street is having a good year. (axios.com)The energy industry is consolidating even further in Houston. (wsj.com)Why are there so many insurance company mascots? (imightbewrong.org)ETFs3x leveraged commodity ETFs are coming. (thedailyupside.com)How money managers are approaching ETF share classes. (citywire.com)How do these new sports betting ETFs work? (ft.com)BooksThe shortlist for the Financial Times and Standard Chartered Business Book of the Year Award including: "The Infinity Machine: Demis Hassabis, DeepMind and the Quest for Superintelligence" by Sebastian Mallaby. (ft.com)Derek Thompson talks with Kevin Roose, author of "The Infinity Machine: Demis Hassabis, DeepMind and the Ques

Personal finance links: signalling status

Commodities

Wednesday links: maximizing customer attention

Market Expert Oct 8, 2026

Private creditThe volume of distressed loans is on the rise. (bloomberg.com)Why private credit sector weightings matter. (rpc.cfainstitute.org)Another alts manager wants in on the insurance business. (ft.com)BlockersDr. Eric Topol talks with Michael Lewis, author of "Blockers: Rebels in the Deep State." (podcasts.apple.com)An excerpt from "Blockers: Rebels in the Deep State" by Michael Lewis. (wsj.com)A rave review for "Blockers." (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)EconomyIt's getting harder to ignore the wealth effect. (awealthofcommonsense.com)Heavy truck sales aren't great. (bonddad.blogspot.com)Earlier on Abnormal ReturnsPersonal finance links: signalling status. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: lost capacities. (abnormalreturns.com)Mixed media