Sunday links: distrust in the system

MarketsThe only game in town is energy stocks. (trendlabs.com)When everything feels crazy, focus on earnings. (tker.co)Earnings estimates have held up while the stock market has pulled back. (chartkidmatt.com)StrategyThere's only one way to own all the best-performing stocks. (awealthofcommonsense.com)The more compelling a forecast, the more skeptical you should be. (humbledollar.com)ETFsThe ETF industry is booming. (fa-mag.com)It's now cheaper to launch (and operate) an ETF. (thedailyupside.com)Prediction marketsPrediction markets require binary outcomes. (bloomberg.com)A bet on prediction markets comes with regulatory uncertainty. (pitchbook.com)Iran is the 'first prediction market war.' (dopaminemarkets.com)IranThe U.S. has fired A LOT of Tomahawk missiles at Iran. (msn.com)How Iran prepped its economy for war. (ft.com)BombsThe U.S. destroyed another boat in the Caribbean. (nbcnews.com)The U.S. and Ecuador apparently destroyed a dairy farm, not a drug depot. (nytimes.com)How the U.S