Wednesday links: sufficient spending

The stock marketThe U.S. stock market keeps shrugging off bad news. (axios.com)Higher individual stock volatility is being offset by increased dispersion. (acadian-asset.com)Situational AwarenessA look at the commonality between hedge fund blowups. (capitalallocators.com)A list of the high profile investors who invested in Situational Awareness. (wsj.com)When you give an inexperienced manager big money, don't be surprised if they blow up. (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)AIMistral can't compete with OpenAI and Anthropic so they pivoted. (wired.com)Frontier labs need models at different price points. (tomtunguz.com)A look at the three levels of being AI-pilled. (thezvi.substack.com)Data centersFive factors driving the data center backlash. (jasmi.news)There are some towns welcoming data centers. (theatlan