Friday links: shouting nonsense

MarketsReal yields are at multi-decade highs. (axios.com)Equities now make up a record percentage of U.S. household wealth. (bloomberg.com)FinancePassive investing killed the mediocre fund manager. (ft.com)When it comes to private credit allocations, big banks giveth and can taketh away. (ft.com)Prediction marketsGoldman Sachs ($GS) warned employees to limit their betting on prediction markets to sports and entertainment trades. (finance.yahoo.com)Polymarket wants to add margin trading. (coindesk.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)SK HynixThe SK Hynix was the biggest foreign offering in U.S. history. (finance.yahoo.com)What SK Hynix hopes to gain from a U.S. listing. (barrons.com)SpaceXThe SpaceX ($SPCX) IPO was a big win for venture capital, but narrowly distributed. (pitchbook.com)The historical scale of the Spa