Tuesday links: an essential piece of the plan

RatesThe rates environment has changed, forever. (mrzepczynski.blogspot.com)No matter where you look rates are rising. (allstarcharts.com)America's annualized interest expense now exceeds defense spending. (axios.com)MarketsWe are in the midst of a legitimate bull market. (awealthofcommonsense.com)Fund managers are historically bullish. (ft.com)Energy stocks are at new all-time highs. (trendlabs.com)FinanceWarren Buffett was behind Berkshire's purchase of Alphabet ($GOOGL) shares. (barrons.com)Volatility Shares has filed to launch an exchange-traded fund for every NHL team. (etf.com)Independent fund managers have two jobs: CEO and portfolio manager. (theemergingmanager.com)AIAnthropic is reportedly at a $65 billion revenue run rate. (bloomberg.com)This planned OpenAI data center, backed by Nvidia ($NVDA), in Ohio is huge. (nytimes.com)Sascha Steffen, "The $500 billion platform converts short-lived hardware into long-dated investment-grade paper by borrowing the credit of the offtaker.