Wednesday links: an emotional maelstrom

MarketsPeople are finally waking up to international stock outperformance. (awealthofcommonsense.com)Apple ($AAPL) is trading on its own relative to its peers. (bloomberg.com)JP MorganJP Morgan Chase ($JPM) keeps opening up new retail locations. (ft.com)JP Morgan Chase ($JPM) opened a English style pub in its new HQ buildling. (wsj.com)CompaniesWhen it comes to his businesses, Elon Musk is an 'unreliable narrator.' (thezvi.substack.com)Bayer bought itself a mess when it acquired Monsanto. (axios.com)Palantir ($PLTR) CEO Alex Karp spends a lof of time in the air. (ft.com)Pre-IPOPowerlaw Corp. is direct listing a fund with stakes in Anduril, SpaceX, OpenAI and Anthropic. (wealthmanagement.com)Robinhood ($HOOD) is lauching a closed-end fund with pre-IPO shares. (investing.com)AIWhy big AI IPOs would matter to the market. (om.co)Perplexity is dropping advertising. (searchengineland.com)How AI flattens language. (theregister.com)WorkThe office building market recovery is uneven at best. (ad