Monday links: a degraded web

MarketsA list of everything the stock market has overcome in the 2020s. (awealthofcommonsense.com)The semiconductors and health care sectors trade at the same forward P/E. (apollo.com)Private assetsA look at rising private credit loan default rates. (wsj.com)Private equity's backlog of unsold companies keeps growing. (nytimes.com)How much hyperscaler debt is sitting in off-balance sheet entities? (ft.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)Flock SafetyWhat's behind the Flock backlash? (nytimes.com)Flock would also like to access dashcams. (404media.co)In defense of Flock, used appropriately. (theatlantic.com)HousingThe housing recession is 4.5 years old. Some signs it may be coming to an end. (conorsen.substack.com)Even renters are becoming less likely to move. (libertystreeteconomics.newyorkfed.org)Earlier on Abnormal Ret