Category: Commodities

Commodities

Tuesday links: extreme capriciousness

Market Expert May 27, 2026

MarketsRates are up all over the world. (axios.com)Bonds and stocks are living in two different worlds. (mrzepczynski.blogspot.com)Are one-time effects driving S&P 500 earnings? (axios.com)The ERP is essentially zero. (wsj.com)FinancePublic shareholders of SpaceX have no say in company governance. (ft.com)The SEC and CFTC are largely on the sidelines. (nadig.com)How the rise of AI driving M&A activity. (giftarticle.ft.com)How startup dilution works. (ilyastrebulaev.substack.com)ETFsThere are now more ETFs than stocks in the U.S. (apollo.com)ETFs are taking share from mutual funds. What about hedge funds? (bloomberg.com)The SEC isn't ready for prediction markets-backed ETFs. (thedailyupside.com)Real estateThe Avalonbay ($AVB) and Equity Residential ($EQR) merger is not coming from a position of strength. (wsj.com)Charlotte is struggling with the consequences of rapid growth. (axios.com)Downtown Denver has an office vacancy problem. (wsj.com)Why Idaho is allowing for smaller lot sizes.

Commodities

Sunday links: energy levels

Market Expert May 26, 2026

StocksJust how much AI is driving the stock market. (morningstar.com)Looking ahead to 2028 earnings. (tker.co)RatesWhat to make of rising interest rates. (awealthofcommonsense.com)Long term TIPS are now yielding near 3%. (bobeunlimited.substack.com)ETFsThe vast majority of new ETF launches are actively managed, and likely high fee. (wsj.com)The Tema Space Innovators ETF ($NASA) is now the largest space ETF on the market. (etf.com)Dave Nadig, Sumit Roy, Eric Balchunas and Todd Sohn talk ETF flows and more. (etf.com)The case for investing in the two parts of the Vanguard Total World Stock ETF ($VT). (elmwealth.com)It's never been easier to launch an ETF. (etfcentral.com)SpaceXGood luck to the managers of the SpaceX ($SPCX) IPO. (wsj.com)An investment in SpaceX is above all a bet on Elon. (wsj.com)What do investors get for $1.75 trillion? (newsletter.fiscal.ai)SpaceX as conglomerate. (semafor.com)An interesting tidbit from the SpaceX S-1. (pitchbook.com)What words show up most often in

Saturday links: a geothermal renaissance

Longform links: more conscious investors

Commodities

Thursday links: a bumpy ride

Market Expert May 23, 2026

FinanceInvestment bank Lincoln International ($LCLN) went public. (pitchbook.com)What you need to know about evergreen funds. (caia.org)ETFsWhat you need to know about the Roundhill Memory ETF ($DRAM). (morningstar.com)The big ETF players are not afraid of taking each other on. (pionline.com)The vast majority of ETF flows are in cheap passive funds, but high fee active funds are surging. (morningstar.com)SpaceXThe SpaceX S-1 has dropped. (axios.com)Starlink is the jewel of SpaceX. (om.co)The VC returns on the SpaceX IPO would be unprecedented. (pitchbook.com)Anthropic is paying SpaceX $1.25 billion per month through May 2029. (axios.com)SpaceX has a Starship lauch coming up. (npr.org)AIPutting Nvidia's ($NVDA) profits into some sort of perspective. (spyglass.org)Anthropic is going to generate an operating profit in Q2?!? (wsj.com)Google ($GOOGL) has some inherent advantages in AI. (axios.com)Patrick O'Shaughnessy talks with Gavin Baker about the state of AI. (youtube.com)An OpenAI IPO

Commodities

Friday links: fund quality

Market Expert May 23, 2026

CryptoBinance can't seemingly quit Iran. (engadget.com)This crypto company has spent a lot to armor their executives vehicles. (ft.com)OuraOura Health Oy has filed to go public. (cnbc.com)How Oura has succeeded in the wellness space. (bloomberg.com)SpaceXSpaceX is a governance story. (buttondown.com)SpaceX is not like the rest of the Mag 7. (news.crunchbase.com)AINoah Brier, "AI is a mirror, not a crystal ball." (whyisthisinteresting.substack.com)The launch of LLMs means more books listed on Amazon ($AMZN). (nber.org)Typos are now an indicator of humanity. (theatlantic.com)PrivacyWebsites know a lot about you. To learn just how much, click here. (sinceyouarrived.world)Reddit ($RDDT) really wants you to use their app. (arstechnica.com)We're all being recorded all the time. (theatlantic.com)ChatGPT wants your bank info. (techcrunch.com)DefenseThe U.S. paid a high cost, in interceptors, defending Israel during Operation Epic Fury. (wapo.st)We're not getting the full story on Iran war cas

Personal finance links: the caregiving penalty

Commodities

Wednesday links: not knowing the future

Market Expert May 21, 2026

MarketsIf you think the U.S. stock market is concentrated, check out South Korea. (ft.com)Just how much software and semiconductor stocks have disengaged. (chartkidmatt.com)Nvidia ($NVDA) is now more than 5% of the MSCI All-Country World Index. (ft.com)StrategyA good story trumps a good chart. (awealthofcommonsense.com)Nobody knows the future. (trendlabs.com)CryptoPhysical crimes against crypto holders continue to rise around the world. (novelinvestor.com)Why you should watch Ben McKenzie's documentary, 'Everyone Is Lying to You for Money.' (motherjones.com)FoodHow Sysco's ($SYY) acquisition of Restaurant Depot would affect restaurants. (punchdrink.com)Coke Zero and Diet Coke are duking it out for dominance. (wsj.com)Americans hate factor farming, but love cheap protein. (vox.com)MuseumsU.S. museums have a maintenance deficit. (theartnewspaper.com)What is 'museum fatigue'? (mentalfloss.com)How to tour a museum. (artofmanliness.com)EnergyOil price futures are at their highs. (newslett

Commodities

Monday links: here we are

Market Expert May 20, 2026

MarketsSome signs of concern for the stock market. (traderfeed.blogspot.com)Is AI masking other problems for the stock market? (bonddad.blogspot.com)The VIX as measure of risk regimes. (mrzepczynski.blogspot.com)AIThe collective size of the bet on AI is huge. (mailchi.mp)The scale of the rally in semiconductors is stunning. (downtownjoshbrown.com)The NextEra-Dominion deal is, in part, about AI data centers. (cnbc.com)On the challenges of forecasting high growth rates. (mrzepczynski.blogspot.com)More AINo matter where you look today, AI is somehow involved. (theatlantic.com)Financial markets are full up with AI deals. (apollo.com)AI is a technology, not a product. (daringfireball.net)AI is not polling well. (axios.com)RatesThe 2-year Treasury is now trading above the Fed funds rate. (capitalspectator.com)The yield curve is steepening. (econbrowser.com)The FedJay Powell had an eventful eight years as Fed chair. (axios.com)A look at Jay Powell's legacy at the Fed. (newsletter.mikekoncz

Research links: the index rebalancing trade

Commodities

Tuesday links: the end of securities regulation

Market Expert May 20, 2026

MarketsDespite the market moving higher there are signs of risk-off behavior. (trendlabs.com)How does the stock market do after three consecutive years of double digit returns? (ft.com)Emerging market indices are increasingly tech-heavy. (rpc.cfainstitute.org)RatesDon't discount the danger of rising long term interest rates. (allstarcharts.com)The stock-bond correlation is higher when inflation is higher. (behaviouralinvestment.com)Are rising rates a vote on persistent fiscal deficits? (bonddad.blogspot.com)Prediction marketsPolymarket is launching markets based on the performance of private companies. (finance.yahoo.com)Minnesota has banned prediction markets. (npr.org)The CFTC isn't happy about it. (frontofficesports.com)Kalshi and Polymarket have an incentive to solve the insider trading problem. (semafor.com)Unlike in the Senate, House lawmakers and staff can still bet on prediction markets. (npr.org)Private assetsDirect lending volumes really took off after the Fed started raising

Commodities

Sunday links: time as your enemy

Market Expert May 18, 2026

MarketsG7 yields are at their highest level in 20 years. (apollo.com)The Treasury yield curve is normalizing. (carsongroup.com)EarningsThis tech boom is being supported by higher earnings. (awealthofcommonsense.com)P/E is made up of both P and E. If you focus on P you might miss the E. (tker.co)StrategyUnderstanding market history is necessary, but not sufficient, for investment success. (awealthofcommonsense.com)If you can't clearly identify your edge, you likely don't have one. (rogersplanning.blogspot.com)Prediction marketsRegulators have been slow to the issue of insider trading on prediction markets. (wsj.com)How Polymarket adjudicates disputed market outcomes. (barrons.com)How to keep the good parts of prediction markets. (bloomberg.com)Why this Las Vegas casino cancelled a prediction markets conference. (nypost.com)CompaniesYou can't really talk about 'the tech sector' any more. (morningstar.com)Consumer companies are caught up in the plastics price increase. (barrons.com)Some

Commodities

Friday links: intellectual dishonesty

Market Expert May 17, 2026

RatesTreasury rates are at their highs for the year. (cnbc.com)Are UK rates really that far out of line? (ft.com)AIHow much of what you read online is AI-generated? (axios.com)AI-generated content is showing up in consultant reports. (sherwood.news)Want to distinguish yourself from AI? Think brevity. (youngmoney.co)AppleOpenAI probably shouldn't pick a fight with Apple ($AAPL). (spyglass.org)Mythos is reportedly poking holes in MacOS security. (wsj.com)Five stories from "Apple: The First 50 Years" by David Pogue. (nextbigideaclub.com)XInvestors in Elon's deal for Twitter who stuck it out will eventually win with SpaceX shares. (msn.com)Research shows how X can make users more right wing. (theconversation.com)How Elon anoints his proxies on X. (wapo.st)LegalOn the prospects for additional insider trading prosecutions. (nypost.com)Maybe changing corporate reporting frequency won't matter all that much. (ft.com)Another billionaire accused of fraud is going to get off scot-free. (nytimes