Category: Commodities

Commodities

Friday links: ads ruin everything

Market Expert Jan 31, 2026

FinanceOn the high costs of gaining access to pre-IPO companies. (wsj.com)Why London serves as a global startup hub. (economist.com)How a loan goes from 100 cents on the dollar to default in weeks. (wsj.com)Kalshi is fighting legal battles on a number of fronts. (npr.org)CompaniesMagic the Gathering has become a bigger part of Hasbro's ($HAS) business. (ft.com)Walmart ($WMT) is paying up for pharmacy technicians. (axios.com)Once a high flyer, Allbirds ($BIRD) is now valued around $33 million. (techcrunch.com)AIMeta ($META) and Apple ($AAPL) are approaching AI from very different perspectives. (spyglass.org)How AI capital spending will reshape credit markets. (apolloacademy.com)AI crawlers are turning to back doors to paywalled content. (niemanlab.org)Generative engine optimization is the new SEO. (wsj.com)What if AI succeeds, and OpenAI fails? (noahpinion.blog)ICEThese companies are cleaning up on ICE spending. (ft.com)How ICE utilizes all manner of technologies. (washingtonpost.com)Th

Personal finance links: hedging an uncertain future

Commodities

Wednesday links: issues that matter

Market Expert Jan 30, 2026

MarketsCorporate credit spreads are tight. (morningstar.com)Everything working against the U.S. dollar right now. (ft.com)Tether is buying gold hand over fist. (theblock.co)So is the State Oil Fund of Azerbaijan. (ft.com)CryptoFidelity is launching a stablecoin. (wealthmanagement.com)What problem does tokenization solve? (coindesk.com)ETFsHow bond ladder ETFs work. (morningstar.com)A look at the puzzling performance of the ERShares Private-Public Crossover ETF ($XOVR). (jeffreyptak.substack.com)DeepSeekA look back at the DeepSeek freak out a year later. (spyglass.org)How DeepSeek changed the AI industry. (sherwood.news)EconomyHousehold balance sheets are putting governments to shame. (awealthofcommonsense.com)We are still waiting for a Supreme Court ruling on IEEPA. (ritholtz.com)In 2025 people pretty much stopped moving to Florida. (wsj.com)Earlier on Abnormal ReturnsPersonal finance links: hedging an uncertain future. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abn

Commodities

Thursday links: the relentless pursuit of goals

Market Expert Jan 30, 2026

MarketsThe junk bond market has become a lot less junky. (morningstar.com)Platinum and palladium are joining in on the metals boom. (etf.com)Defense investment is 'no longer a dirty word' in Europe. (giftarticle.ft.com)Crypto ETFs are seeing outflows. (etf.com)StrategyA look at how emerging markets cycle from outperformance to underperformance. (awealthofcommonsense.com)Sean McLaughlin, "The discomfort of inactivity IS the work. The profits come from what you don't do as much as what you do." (allstarcharts.com)FinanceBlackstone ($BX) has some portfolio companies, like Jersey Mike's, it would like to sell you. (giftarticle.ft.com)A worrisome sign for private equity returns. (permanentequity.com)AIAnthropic and the contradictions of AI. (theatlantic.com)Microsoft ($MSFT) is capacity constrained. (tomtunguz.com)AI is pushing up the price of memory chips. (nytimes.com)EconomySome big companies have announced some big layoffs this week. (wsj.com)In response to U.S. bullying, countries are

Research links: choosing your discomfort

Commodities

Tuesday links: focusing on forex

Market Expert Jan 28, 2026

MarketsWho's buying all that gold? (ft.com)People are trading silver like crazy. (sherwood.news)StrategyThere's only one way to invest in global bonds, currency hedged. (morningstar.com)An example why you shouldn't take financial advice from billionaires. (fa-mag.com)FinanceCharles Schwab ($SCHW) is now well focused on Robinhood ($HOOD). (riabiz.com)CVC Capital Partners is buying U.S. credit firm Marathon Asset Management. (pitchbook.com)Fund managementActive ETFs are growing, but performance is lagging. (roberthuebscher.substack.com)Legendary fund manager Will Danoff of Fidelity Contrafund fame is retiring. (fa-mag.com)CompaniesThere's no clear successor to Jensen Huang at Nvidia ($NVDA). (msn.com)Amazon ($AMZN) is shutting down all Amazon Go and Fresh stores. (wsj.com)UPS ($UPS) is cutting some 30,000 jobs. (cnbc.com)Palantir ($PLTR) is an ICE contractor. (wired.com)Tim CookOm Malik, "The iron clasp of market expectations has turned him [Cook] into what he never meant to be: a man

Commodities

Sunday links: a bit unsustainable

Market Expert Jan 27, 2026

MarketsIs a meme stock moment ever possible again? (barrons.com)The boost in corporate margins is all coming from tech. (apolloacademy.com)Beware interest in brokerage stocks. (acadian-asset.com)StrategyEverywhere you look you see signs of reflation. (downtownjoshbrown.com)How stocks can hedge against inflation. (tker.co)CompaniesIntel's ($INTC) Trump bump was short-lived. (wsj.com)USA Rare Earth ($USAR) scored an investment from the Trump administration. (cnbc.com)Why ASML ($ASML) is valued in excess of $500 billion. (ft.com)Coupang is the Amazon of South Korea. (fiscal.ai)Sports gamblingIn the lead up to the Super Bowl, prediction markets are facing off against sports books. (wsj.com)Kalshi is on the offensive against Polymarket. (sportico.com)ETFsDespite a surge in dodgy products, the ETF industry is still a net boon for investors. (morningstar.com)What's behind the divergence between the iShares Core MSCI Emerging Markets ETF ($IEMG) and the Vanguard FTSE Emerging Markets ETF ($VW

Commodities

Monday links: spending to stay in place

Market Expert Jan 27, 2026

CommoditiesCommodities are off to a strong start this year. (capitalspectator.com)Gold topped $5000 per ounce for the first time ever. (sherwood.news)Central banks keep snapping up gold. (mrzepczynski.blogspot.com)CryptoBitmine ($BMNR) is buying more Ethereum. (theblock.co)Strategy ($MSTR) is buying more Bitcoin. (theblock.co)Corporate financeA potential downside of family control - persistent valuation discounts. (oldroperesearch.substack.com)A profile of David Sokol who was poised to be Warren Buffett's eventual replacement. (wsj.com)CompaniesHow Taiwan Semi ($TSM) is a brake on the AI bubble. (stratechery.com)Did you know Zoom ($ZM) has a stake in Anthropic? (barrons.com)Tech CEOs are noticeably silent. (axios.com)Fund managementVanguard now manages more than $1 trillion in assets outside the U.S. (ft.com)The reasoning behind management fees for alternative assets has changed over time. (cashandcarried.substack.com)DefenseMark Hertling, "Greenland’s military value is not hypothetic

Commodities

Friday links: a public-private divergence

Market Expert Jan 25, 2026

MarketsThere is a bull market in bombs and ammo. (ft.com)Still no signs of stress in the high yield bond market. (stockmarkettv.com)IPOsCrypto companies, like BitGO ($BTGO), are still going public. (wsj.com)EquipmentShare.com ($EQPT) just went public. (barrons.com)FinanceStartups are increasingly selling to other startups. (pitchbook.com)Capital One ($COF) is buying Brex. (news.crunchbase.com)The TikTok deal is done. (axios.com)AIA look at the interlocking deals that make up the AI industry. (bloomberg.com)How is Apple ($AAPL) going to implement AI on the iPhone? (spyglass.org)Think twice before giving OpenAI your confidential health info. (theverge.com)10 lessons from AI coding agents. (arstechnica.com)Anguilla is making bank on .ai domains. (sherwood.news)Earlier on Abnormal ReturnsPodcast links: the future of football. (abnormalreturns.com)What you missed in our Thursday linkfest. (abnormalreturns.com)Longform links: harvesting knowledge. (abnormalreturns.com)Is enshittification th

Personal finance links: controlling what you can control

Commodities

Thursday links: the penalty for lateness

Market Expert Jan 23, 2026

MarketsBond markets are distinguishing between debt on hyperscalers and industrials. (apolloacademy.com)Highly shorted stocks are seeing a bid. (giftarticle.ft.com)StrategySix lessons learned from Warren Buffett's investing career including 'Intangible assets are the new competitive moats.' (morningstar.com)Vishal Khandelwal, "View volatility as a fee and mistakes as tuition." (safalniveshak.com)True contrarian investing requires a strong stomach and long time frame. (morningstar.com)IPOsBy all accounts, a SpaceX IPO is really happening. (wsj.com)Fintech Ethos Technologies is going public. (techcrunch.com)Fund managementIndividual investors in private credit funds probably don't understand redemptions limits. (wsj.com)Multistrategy hedge funds are thriving while the rest of the industry flatlines. (advisorperspectives.com)AIAnil Dash, "In coding, AI takes over the drudgery, and lets coders focus on the most human and expressive parts." (anildash.com)The new graduate hiring squeeze is g

Commodities

Sunday links: gains in moderation

Market Expert Jan 21, 2026

MarketsJust because the media reports on something, doesn't mean its important. (tker.co)Everything went right for international stocks last year. (awealthofcommonsense.com)The market case for higher inflation. (trendlabs.com)StrategyPrices change before narratives do. (downtownjoshbrown.com)The long term is made up of a bunch of short terms. (rockandturner.substack.com)Trading is filled with what-ifs. (allstarcharts.com)ETFsDave Nadig, "In a world of 5,000 ETFs, provenance will matter." (etf.com)The more complex an ETF, the more skepticism required. (rogersplanning.blogspot.com)Just because someone creates an index, doesn't mean it's investable. (morningstar.com)These ETFs exclude Chinese stocks. (humbledollar.com)Prediction marketsTrading prediction markets is the new day trading. (npr.org)On the dangers of the media relying on prediction markets. (theatlantic.com)Insider trading is an issue for prediction markets. (wapo.st)Nevada is pushing back against prediction markets on sports.