Wednesday links: wild visions of the future

MarketsHow volatile has 2026 been so far? (morningstar.com)History tell us volatility is a feature of financial markets. Act accordingly. (larryswedroe.substack.com)Historical edges can disappear. (quantifiableedges.com)CompaniesAllbirds ($BIRD) is now in the business of providing AI compute. (sherwood.news)The Apple ($AAPL) Macbook Neo is a big hit. (sixcolors.com)IPOsMadison Air Solutions ($MAIR) is set to go public. (barrons.com)SpaceX is set to be a big meme stock. (theatlantic.com)Private creditInvestors are reassessing insurance company holdings of private credit. (ft.com)How much exposure do the big banks have to private credit providers? (bloomberg.com)Retail investors wouldn't have purchased private credit without some sort of liquidity provision. (thealtview.substack.com)GLP-1sWhy the GLP-1 pills matter. (theatlantic.com)How tell the difference between GLP-1 products. (theconversation.com)Ozempic isn't cheating. (whyisthisinteresting.substack.com)DronesThe global race for AI-