Thursday links: privacy as a luxury good

MarketsThe 30-year Treasury yield is at its highest level since 2007. (cnbc.com)The equal-weighted S&P 500 is at a new all-time high. (allstarcharts.com)The KOSPI meltdown is impressive. (mrzepczynski.blogspot.com)StrategyAllocators are always fighting the last battle. (oldroperesearch.substack.com)Fund managers have a hard time saying no to their clients. (harveysawikin.substack.com)Some investment lessons of uncertain origin including 'Few things are as valuable in the modern world as a good bullshit detector.' (covestreetcapital.com)LeverageHedge fund Situational Awareness sold down all their public positions. (cnbc.com)South Korea's regulators are cracking down on leverage. (straitstimes.com)FinanceWho is behind the Corgi ETF business? (ft.com)Intercontinental Exchange ($ICE) is buying bond trading platform MarketAxess. (cnbc.com)Jersey Mike's ($JMKE) is now public. (fastcompany.com)Big TechMeta's ($META) free cash flow has evaporated. (axios.com)Microsoft ($MSFT) Azure grew 43%