Wednesday links: fiscal mismanagement

MarketsThe Mag 7 stocks are back at new all-time highs. (trendlabs.com)Nvidia ($NVDA) is now a dividend growth story. (morningstar.com)Just how bad is market breadth? (axios.com)FinanceThe private equity capital cycle is broken. (ft.com)Why so many fintechs are becoming banks. (semafor.com)Insuring data centers is a growing issue. (economist.com)Stay in touchWork in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)GlobalThe ways in which the world is moving on from the U.S. (theatlantic.com)Belarus potash is not going to displace Canadian potaash. (thebulwark.com)How tariffs affect an American bike manufacturer. (bloomberg.com)HousingThe current housing market shows 'inventory has picked up slightly and demand is weak.' (calculatedrisk.substack.com)Why the post-Covid housing market stalled and didn't crash. (awealthofcommonsense.com)More apartment loans