Monday links: an eye for trouble

MarketsThe scale of the AI boom is hard to grasp. (awealthofcommonsense.com)TIPS increasingly look like competition to equities. (larrykotlikoff.substack.com)High beta is crushing low vol, YTD. (capitalspectator.com)Prediction marketsNewer trading firms are now targeting prediction markets. (wsj.com)Prediction market companies are spending big on lobbying. (indianacapitalchronicle.com)Lebron James will make more this year from Polymarket than the 76ers. (nytimes.com)Prediction market outcomes don't seem to be politically biased. (nber.org)AppleThe new Apple ($AAPL) AirPods 5 are better than you think. (spyglass.org)The ($AAPL) iPhone Duo is an opportunity for app developers. (axios.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)EconomyAmerican consumer just can't quit spending. (wsj.com)If AI is boosting productivity, it isn't