Monday links: a founding myth

MarketsA look at forward P/E ratios. (econbrowser.com)The flight-to-safety trade hasn't worked in March. (axios.com)Prediction marketsDon't hold your breath that anyone will be held accountable for recent insider trading. (newyorker.com)What if prediction markets had existed before D-Day? (spencerjakab.substack.com)Private creditHow private credit industry got here. (giftarticle.ft.com)For private credit funds, how you define software matters. (wsj.com)FinancePE continuation vehicles were once a stopgap. Now they are mainstream. (cashandcarried.substack.com)Do retail investors care about tokenization? (observer.com)SpaceXHow the SpaceX IPO is different. (axios.com)SpaceX is betting on retail investor participation. (cnbc.com)TechnologyThe Neo is a huge hit, for good reason. (pogueman.substack.com)Paid Claude users are soaring. (techcrunch.com)RIP, Sora. (wsj.com)BusinessLast Vegas' economy is struggling. (nytimes.com)Cold-storage vacancy rates are on the rise. (wsj.com)IranWar with I