Tuesday links: a meme asset

BondsNow would be the wrong time to panic about your bond allocation. (whitecoatinvestor.com)Trailing real bond returns have rarely been so poor. (mrzepczynski.blogspot.com)The Treasury failed to term out debt during ZIRP. (ritholtz.com)MarketsIt's time to come to terms with market concentration. (awealthofcommonsense.com)Earnings revisions have been positive for 21 straight weeks. (fa-mag.com)FinanceAnthropic and OpenAI are seeking investment grade credit ratings, post-IPO. (ft.com)Robinhood ($HOOD) is an underwriter for the Oura Health IPO. (wsj.com)A $6.2 billion 'seed round' is an oxymoron. (anildash.com)Reputations matter on Wall Street. (ft.com)ETFsHow TIPS ladder ETFs work. (obliviousinvestor.com)Who really owns a white-label ETF? (etfcentral.com)Lessons learned from all the ETFs that iShares has closed. (mutualfundobserver.com)AICorporate America is turning to open source AI models. (nytimes.com)AI companies are releasing new models at a rapid clip. (cnbc.com)Are we slee