Thursday links: abundant AI

MarketsHow HALO stocks are performing YTD. (sherwood.news)It's easy to forget but volatility tends to mean revert. (trendlabs.com)The market continues to find ways to surprise us. (om.co)Just how diversified is an index fund these days? (morningstar.com)Fund managementOn the competitive challenge facing Invesco and its $QQQ franchise. (ft.com)You can't manufacture liquidity out of thin air. (rpc.cfainstitute.org)Who manages all that sovereign wealth money? (giftarticle.ft.com)TradingKalshi is adding more commodity markets. (barrons.com)17 years later Twitter is rolling out support for cashtags. (theblock.co)CompaniesBTW, Google ($GOOGL) owns a ~6% stake in SpaceX. (msn.com)LiveNation ($LVY) just lost high-stakes antitrust trial. (nbcnews.com)TSMC ($TSM) is crushing it. (sherwood.news)QSRMcDonald's ($MCD) is jumping into the dirty soda game. (thedailyupside.com)Bagel shops need to upscale their offerings to make a go of it. (nytimes.com)How Wendy's lost its way. (slate.com)AVsLyft ($LYF