Thursday links: limited scarce assets

MarketsHow Treasury rates have risen since the onset of war. (capitalspectator.com)Oil prices are at their highest level since the beginning of the Iran war. (axios.com)How gas prices are moving in response. (sherwood.news)StrategyThe economy is not the stock market, and vice versa. (edgyoptimist.substack.com)Jon, "A diversified portfolio, in its simplest form, creates multiple ways to grow your money while building in survivability from market downturns." (novelinvestor.com)IPOsFour scenarios for the SpaceX IPO. (acadian-asset.com)SoftBank is planning to list in the U.S. an AI and robotics company called Roze. (ft.com)TradingIndian HFT Graviton Research Capital wants to go global. (bloomberg.com)Citadel Securities is big in European bond trading. (ft.com)Military action bets on Polymarket have a different payoff profile. (arstechnica.com)Fund managementWhy you should avoid the most volatile funds. (morningstar.com)Closed-end funds always face a challenge from investors. (pitchbook.c