Monday links: why trends persist

MarketsSpaceX ($SPCX) stock is well off its highs. (futurism.com)SK Hynix has topped Samsung to become South Korea's most valuable company. (wsj.com)StrategyDon't kid yourself. You are not going to get rich calling market tops and bottoms. (awealthofcommonsense.com)How to think about a 'lost decade' for stocks. (rogersplanning.blogspot.com)Prediction marketsEconomists had a very different conception of prediction markets. (cnn.com)How Americans feel about prediction markets. (politico.com)FinanceLife insurers increasingly rely on privately rated bonds. (ft.com)The line between ETFs and mutual funds is increasingly blurred. (thedailyupside.com)VC investment into defense tech is booming. (ft.com)EconomyCompanies say the consumer is still strong. (thetranscript.substack.com)How extreme weather affects country GDP differently. (klementoninvesting.substack.com)Roger Lowenstein, "Mr. Greenspan shaped how modern central banks operate. But even he had to admit that his infatuation with mo