Markets

• Higher real yields are acting like competition for stocks. (trendlabs.com)
• Market indicators often work until they don't. (humbledollar.com)
• What ISN'T working in this market environment? (awealthofcommonsense.com)

AI

• Keeping up with AI developments is a full time job. (spyglass.org)
• Companies have suddenly decided to ration AI use. (wsj.com)
• AI is unique in that big companies are making huge bets. (asymco.com)
• AI doesn't have to be smarter than humans to be transformative. (noahpinion.blog)

Energy

• The Trump administration admits that it cancelled energy projects in blue states. (nytimes.com)
• The administration's crackdown on clean energy projects is also a jobs killer. (bloomberg.com)

Law and order

• Trump's personal lawyers are all over the government. (vox.com)
• Good luck trying to get clemency if you don't have connections to the administration. (nytimes.com)
• Taylor Farms went to the White House amidst the search for cyclospora. (wsj.com)
• Crime rates are falling, no one is really sure why. (reason.com)

Immigration

• Retirement communities are struggling with labor shortages due to the immigration crackdown. (nytimes.com)
• ICE is still looking to expand capacity. (theatlantic.com)

SNAP

• Food banks are feeling the impact of SNAP reductions. (axios.com)
• Faced with new paperwork, people are losing SNAP eligibility. (nytimes.com)
• What's behind the drop in SNAP enrollment? (newsletter.platypuseconomics.com)

The Pentagon

• Are we getting the full story on the war in Iran from the Pentagon? (theatlantic.com)
• We shouldn't be encouraging military pilots to mess around. (theatlantic.com)

Economy

• New tariffs equal higher policy uncertainty. (econbrowser.com)
• There's never a shortage of human wants and desires, hence economic growth. (tker.co)
• Electrical components and transportation equipment employment are bucking the overall (down) manufacturing trend. (agglomerations.eig.org)
• The economic schedule for the coming week. (economicweekly.substack.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Earlier on Abnormal Returns

• Top clicks this week on Abnormal Returns. (abnormalreturns.com)
• What you missed in our Saturday linkfest. (abnormalreturns.com)
• What you missed in our Friday linkfest. (abnormalreturns.com)

Mixed media

• Iran's Kheibar Shekan missile is getting more sophisticated. (wsj.com)
• How attacks on Russian oil refineries affects the local economy. (cepr.org)
• More reports that Russia is engaging in war crimes with POWs. (wsj.com)
• Who wins from the Saudi Arabia nuclear deal? (danieldrezner.substack.com)

Stay in touch

• Do you work in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing. Sign up for our daily e-mail newsletter! (abnormalreturns.com)

Top clicks this week

1. Why don't we talk more about this brutal bond bear market? (etf.com)
2. Private equity is increasingly filled with stranded assets. (wsj.com)
3. Financial freedom is 'financial indifference.' (jordangrumet.substack.com)
4. The biggest beneficiaries of AI may not be the AI companies. (downtownjoshbrown.com)
5. Just how disappointing are Tesla ($TSLA) Cybertruck sales? (bloomberg.com)
6. When it comes to market charts, denominators matter. (trendlabs.com)
7. Market participants often worry about stuff that doesn't happen. (tker.co)
8. Anhedonia seems to be a potential side-effect of GLP-1 use. (gizmodo.com)
9. The stock market is calm on the surface, churning underneath. (axios.com)
10. History is filled with examples of a misallocation of capital. (ritholtz.com)

Autos

• The Cybertruck is a flop. (futurism.com)
• The stick shift is nearly dead. (msn.com)
• Americans are snapping up hybrids. (wired.com)
• Expanded EV use has made for cleaner Beijing air. (reasonstobecheerful.world)

Transport

• Too many guardrails need fixing. (newyorker.com)
• Brightline's woes are a cautionary tale for private infrastructure supporters. (ft.com)

Energy

• How Sweden could become a source of rare earth metals. (sciencedaily.com)
• Plug-in solar is coming to New Hampshire. (thecooldown.com)
• How Heineken is using bricks to store heat. (wsj.com)
• Got sheep? Put up solar panels. (thecooldown.com)

Environment

• The challenge of extreme heat is worse at night. (giftarticle.ft.com)
• Iowa has a water quality problem. (politico.com)

Air quality

• Why a swath of Canada is burning. (billmckibben.substack.com)
• A look at the health benefits of eliminating gas stoves. (theconversation.com)
• There's no upside to air pollution. (theargumentmag.com)
• Why AQI is not a sufficient measure. (theatlantic.com)

Fish

• Fish populations in Lake Superior have rebounded. (racketmn.com)
• Evidence that ancient Norwegians translocated brown trout inland. (smithsonianmag.com)
• How orcas crash into fish, obliterating them in the process. (yahoo.com)

Data centers

• When environmental regulators weigh in on the side of data center operators. (politico.com)
• Maybe we can agree to not subsidize data centers. (boondoggle.substack.com)

Behavior

• Fly fishing as therapy. (npr.org)
• Why pet ownership is worth it. (klementoninvesting.substack.com)
• Why psilocybin has long-lasting effects. (sciencedaily.com)

Testosterone

• TRT is only indicated for hypogonadism. (arstechnica.com)
• Will testosterone make for better soldiers? (theconversation.com)

Health

• Measles is having another big year. (axios.com)
• In the Midwest the incidence of Lyme disease is on the rise. (wsj.com)
• Some GLP-1 users are noticing hair loss. (gizmodo.com)
• What's keeping men from becoming nurses? (npr.org)

Longevity

• The problem with modern day longevity 'science.' (newyorker.com)
• Being exposed to a pandemic as a youth takes its toll on longevity. (papers.ssrn.com)
• When a spouse gets sick, the incidence of retirement increases. (papers.ssrn.com)
• The case against longevity gurus. (sensible-med.com)
• Healthy aging and the arts. (wsj.com)

Fitness

• How exercise rewires the heart. (sciencedaily.com)
• Got back pain? Go swimming. (refractor.io)

Outbreaks

• North Carolina has a new cyclosporiasis outbreak. (consumerreports.org)
• Now there is a recall of eggs due to salmonella. (nytimes.com)
• Despite its track record, raw milk has its supporters. (propublica.org)

Food

• Indoor farming has a very mixed track record. (thehustle.co)
• Avocado oil has an authenticity problem. (npr.org)
• Signs that solo dining is on the rise. (axios.com)

Streaming

• Netflix ($NFLX) is playing with fire with its subscribers. (honest-broker.com)
• ESPN is a shell of its former self. (nytimes.com)
• Peacock is now profitable. (awfulannouncing.com)

Running

• Why is everyone, including teenagers, suddenly running faster? (wired.com)
• Asics are having a moment. (wsj.com)

Sports

• If turf is necessary for FIFA, why not for the NFL? (frontofficesports.com)
• The introduction of ABS is bad news for older umpires. (wsj.com)

College

• A look at the battle to save Cal Poly's swimming teams. (sportico.com)
• College students can't read whole books any more. (theconversation.com)

Earlier on Abnormal Returns

• What you missed in our Friday linkfest. (abnormalreturns.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Mixed media

• Commemorative popcorn buckets have become a thing. (msn.com)
• Going to Disney World these days sounds exhausting. (wsj.com)
• Natural fabrics look very different on screen. (yakimenko.substack.com)

ETFs

• Michael Batnick talks with James Seyffart of Bloomberg Intelligence about the explosion in leveraged ETFs. (youtube.com)
• More than half of new ETF launches in 2026 are single stock. (ft.com)
• Eric Balchunas and Joel Weber speak with James Seyffart and Baird Strategas ETF strategist Todd Sohn about the fears around leveraged ETs. (bloomberg.com)

Finance

• Buckle up. The SpaceX ($SPCX) IPO lockups are coming off. (morningstar.com)
• Florida's property insurance crisis seems to be easing. (insurancejournal.com)
• Software stands out as an issue for private credit funds. (morningstar.com)

Apple

• Apple's ($AAPL) ad experience sucks. (daringfireball.net)
• Joe Weisenthal and Tracy Alloway talk with Marc Gurman about what Apple ($AAPL) has coming down the pike. (podcasts.apple.com)

Google

• Google ($GOOGL) owns roughly a 6% stake in SpaceX ($SPCX). (wsj.com)
• A look at the business of Google ($GOOGL) Cloud. (tomtunguz.com)

OpenAI

• ChatGPT Health is now live. (techcrunch.com)
• What would it take to make OpenAI profitable? (thefinancequotient.substack.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Sports business

• Harbinger Sports Partners has purchased a stake in the A's. (frontofficesports.com)
• What MLS needs to do to up its global standing. (johnwallstreet.com)
• The PGA is picking up the pieces from LIV Golf. (sports.yahoo.com)
• What NFL team will be sold next? (frontofficesports.com)

Ukraine

• U.S. defense contractors are licensing Ukrainian drone technologies. (wsj.com)
• What's happening with Ukraine's military leadership? (npr.org)
• Ukraine is now dropping drones off with other drones. (arstechnica.com)

Tariffs

• The administration has reimposed tariffs on our major trading partners. (cnbc.com)
• Nobody actually believes their is a basis for these tariffs. (ritholtz.com)
• Why these tariffs are worse than before. (newsletter.platypuseconomics.com)

Earlier on Abnormal Returns

• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: knowing stuff. (abnormalreturns.com)

Mixed media

• Why we don't talk about failure enough. (ritholtz.com)
• Kids these days are pivoting to analog. (chartkidmatt.com)
• How to re-focus your thinking. (experimentalliving.substack.com)

Markets

• Can the market absorb more IPOs? (marketwatch.com)
• Rising Treasury rates make for better competition for stocks. (tmcresearch.com)
• The stock market is calm on the surface, churning underneath. (axios.com)

Prediction markets

• Is Wall Street going to go all-in on prediction markets? (economist.com)
• Catherine Rampell and Justin Wolfers talk prediction markets. (youtube.com)
• The downsides of letting people bet on drug clinical trial outcomes. (abundanceandgrowth.org)

Weight loss drugs

• Eli Lilly ($LLY) is on track to file for approval for retatrutide. (biopharmadive.com)
• We don't have great data on the use of GLP-1 use with the elderly. (scientificamerican.com)
• Anhedonia seems to be a side-effect of GLP-1 use. (gizmodo.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Energy

• Brent is once again above $100 a barrel. (econbrowser.com)
• There's no relief in sight for global oil supplies. (wsj.com)
• Agriculture runs on diesel. That's a problem. (nytimes.com)
• How the war has affected fertilizer prices. (reuters.com)
• Europe still has a natural gas problem. (semafor.com)

Economy

• Weekly intial unemployment claims are at multi-decade lows. (bonddad.blogspot.com)
• There is always churn in the jobs market. (theargumentmag.com)

Earlier on Abnormal Returns

• Longform links: knowing stuff. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: buying back time. (abnormalreturns.com)

Mixed media

• How Taco Bell is dealing with the fallout from the cyclospora outbreak. (wsj.com)
• Health officials are now tracking a separate outbreak. (apnews.com)
• Americans are shunning all manner of fresh produce. (nytimes.com)
• Why lettuce is a frequent culprit in outbreaks. (slate.com)

Books

• Five insights from Ian Bogost's new book, "The Small Stuff: How to Lead a More Gratifying Life." (nextbigideaclub.com)
• An excerpt from "Young Money: A Field Guide to Wealth and Purpose in Your Twenties" by Jack Raines. (youngmoney.co)
• A Q&A with Colson Whitehead, author of the new novel "Cool Machine." (variety.com)

Business

• The U.S. is losing share in the global agricultural industry. (giftarticle.ft.com)
• In Chicago, neither cabbies or ride share drivers are making money. (chicago.suntimes.com)
• How your cookware got worse. (worseonpurpose.com)

Longreads

• Japan lived through decades of deflation. That era is over. (giftarticle.ft.com)
• The Trump administration has kneecapped the business of graduate schools. (bloomberg.com)
• What's behind the war on sunscreen? (menshealth.com)
• How dinosaur bones became a plaything for billionaires. (bloomberg.com)
• What's the explanation for 'terminal lucidity'? (nytimes.com)
• When music is so easy to access, we don't value it as much. (pigeonsandplanes.com)
• Why mentors seem less impressive over time. (libertyrpf.com)
• A profile of Pulitzer Prize winner Pablo Torre. (variety.com)
• Lessons learned from training an unruly dog. (theguardian.com)
• In praise of stone walls. (theatlantic.com)

Finance

• Private equity is increasingly filled with stranded assets. (wsj.com)
• Single stock futures are getting a second life. (rcmalternatives.com)

Autos

• How disappointing are Tesla ($TSLA) Cybertruck sales? (bloomberg.com)
• Costco ($COST) is experimenting with stand alone gas stations. (wsj.com)
• Used EV prices are firming. (axios.com)

Conflicts of interest

• Don Jr.'s 1789 Capital is on a hot streak. (nytimes.com)
• Where has Venezuela's oil revenue gone? (giftarticle.ft.com)
• Sending a donation to MAGA Inc. is now the go-to move for companies in trouble. (popular.info)

Iran

• Iran retains its capacity to strike beyond its borders with missiles. (wsj.com)
• Now the Red Sea Strait is at risk from the Houthis. (cnbc.com)
• How the closing of the Strait of Hormuz is playing out in oil markets. (apollo.com)
• Why Iran keeps targeting Kuwait. (ft.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Work

• More Americans are dropping out of the work force. (nypost.com)
• A lot of American workers stay on the job for health insurance. (npr.org)

Economy

• Data center construction is crowding out other industrial uses. (wsj.com)
• Reading the Fed is now harder these days. (axios.com)

Earlier on Abnormal Returns

• Personal finance links: buying back time. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: overestimating success. (abnormalreturns.com)

Mixed media

• How Google's use AI is limiting traffic to independent sites. (nytimes.com)
• Some publishers are considering cutting Google off altogether. (wsj.com)
• Substack has launched a new AI detection tool in partnership with Pangram. (techcrunch.com)
• The Anthropic copyright settlement with authors is final. (arstechnica.com)
• An example of AI killing a old school web site. (stephenfollows.com)

Podcasts

• Barry Ritholtz talks with Jordan Grumet about when to fire yourself as your financial advisor. (ritholtz.com)
• Christine Benz and Amy Arnott talk with Dana Anspach, author of "Living Off Your Acorns: Your Guide to the Four Phases of Retirement." (morningstar.com)
• Jordan Grumet talks with Jesse Mecham author of the upcoming book, "Never Worry About Money Again." (jordangrumet.substack.com)

Retirement

• Why you need to retire to something. (meaningfulmoney.life)
• Leaving an inheritance is not a moral failing. (jordangrumet.substack.com)
• How AI could affect workers nearing retirement. (crr.bc.edu)

Accounts

• How 351 exchanges work, and don't. (wsj.com)
• Trump Accounts aren't what they seem. (newsletter.platypuseconomics.com)
• These are the most generous 401(k) plans in America. (wsj.com)

Wealth

• Not everyone who acts rich IS rich. (awealthofcommonsense.com)
• One person's luxury is another person's necessity. (humbledollar.com)

Books

• Five books on learning how to be rich including: "More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need" by Mike Piper. (whitecoatinvestor.com)
• An excerpt from "How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn’t)" by Joseph S. Moore. (fastcompany.com)

Personal finance

• Nobody's money life is fully solved. (mr-stingy.com)
• Don't let cheap rent go to waste. (moneychangeseverything.substack.com)
• Things to do after a divorce. (savantwealth.com)
• Sound financial advice is universal. (economist.com)
• Giving money away isn't as easy as it looks. (humbledollar.com)
• Your dream life is allowed to change over time. (dariusforoux.com)
• Diane Shiffer, "Growing into your full, wild, radiant self is not the backup plan. It’s the whole point." (oldster.substack.com)
• THIS is financial freedom. (jordangrumet.substack.com)

Markets

• When it comes to market charts, denominators matter. (trendlabs.com)
• South Korea has its own share of degens. (reuters.com)

Trading

• Charles Schwab ($SCHW) is cleaning up on increasing trading behavior. (finance.yahoo.com)
• It's hard to ignore the evidence of insider trading in prediction markets. (bloomberg.com)
• Prediction market operators are upping their spending on lobbying. (notus.org)

Technology

• Why tech companies are willing to subsidize smart glasses. (thedispatch.com)
• Why AI companies are buying up pre-2022 books. (404media.co)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Canada

• Why Canada may be a tariff test case for the administration. (newsletter.platypuseconomics.com)
• There is a reason why Canadians have a dim view of the U.S. at present. (paulkrugman.substack.com)

Housing

• Baby Boomers are not downsizing in retirement. (wsj.com)
• Younger generations priced out of the housing market are investing elsewhere. (awealthofcommonsense.com)
• Are we overstating the home ownership rate in the U.S.? (axios.com)

Earlier on Abnormal Returns

• Research links: overestimating success. (abnormalreturns.com)
• What you missed in our Monday linkfest. (abnormalreturns.com)
• Adviser links: fee conversations. (abnormalreturns.com)

Mixed media

• These days with enough money you can turn yourself into a 'success.' (ofdollarsanddata.com)
• Every product is an argument to win over customers. (seths.blog)

Quant stuff

• Why multi-strategy hedge funds are so keen to capture trades from smaller rivals. (bloomberg.com)
• A round-up of recent academic research including 'The Signal beneath the Calm: Benford's Law and the Latent Fragility of Liquidity-Driven Financial Markets.' (alphainacademia.com)
• Joe Weisenthal and Tracy Alloway talk soccer analytics with Mike Treacy and Joris Bekkers and the parallels to finance. (podcasts.apple.com)
• Why people take note of odd numbers. (klementoninvesting.substack.com)

Personal finance.

• What moves the needle on financial wellness scores. (papers.ssrn.com)
• Some signs that Auto-IRAs are a good thing. (papers.ssrn.com)
• Social Security allowed for geographic mobility of younger generations. (papers.ssrn.com)

Research

• Not surprisingly, being short the stock market over the past decade has been a losing proposition. (morningstar.com)
• How a globally diversified portfolio may not be all that diversified. (rpc.cfainstitute.org)
• Why post-earnings announcement drift persists. (alphaarchitect.com)
• Why you can't extrapolate PE returns into the future. (ludovicphalippou.substack.com)
• How a corporate rebranding can wipe the slate clean. (papers.ssrn.com)
• Should heat be a priced risk? (rpc.cfainstitute.org)

Sectors

• Why banks are leading. (trendlabs.com)
• Chip makers are sucking capital from the hyperscalers. (axios.com)

AI

• We live in a world with multiple capable AI models. (stratechery.com)
• It's possible to 'poison' open source models with bad training data. (futurism.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Coffee

• That coffee habit of yours seems to be good for your heart. (wsj.com)
• Yemeni coffeehouses are having a moment. (theconversation.com)

Economy

• Some signs of improvement in the manufacturing economy. (bonddad.blogspot.com)
• Four questions about the American economy including 'Why hasn’t the housing market led to a recession?' (awealthofcommonsense.com)

Earlier on Abnormal Returns

• Adviser links: fee conversations. (abnormalreturns.com)
• What you missed in our Sunday linkfest. (abnormalreturns.com)
• Top clicks last week on Abnormal Returns. (abnormalreturns.com)

Mixed media

• London isn't building enough housing. (wsj.com)
• The cost of of living in Miami now rivals New York City. (wealthmanagement.com)
• This nearly deserted Alaskan island still gets subsidized internet service. (propublica.org)

Podcasts

• Barry Ritholtz talks with Jason Wenk, founder and CEO of Altruist. (ritholtz.com)
• Miriam Gottfried and Telis Demos talk with Brent Sullivan about tax-aware long-short strategies. (wsj.com)
• Daniel Crosby talks with Cullen Roche, author of "Your Perfect Portfolio." (standarddeviationspod.com)

The biz

• Goldman Sachs ($GS) wants in on the long-short SMA business. (riabiz.com)
• UBS wants to be valued like a money manager, not a bank. (ft.com)
• Vanguard is upping its outreach to financial advisers. (riabiz.com)

Advisers

• RIA M&A is running at a good clip, but there has been a shift. (citywire.com)
• How to build a sustainable document retention process. (kitces.com)
• Why fee conversations can be fraught. (xyplanningnetwork.com)
• What kinds of clients do you want to work with? (bestinterest.blog)
• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Should a financial adviser have their own adviser? (youtube.com)

Markets

• Market participants often worry about stuff that doesn't happen. (tker.co)
• Why don't we talk more about this brutal bond bear market? (etf.com)
• Misallocation of capital is nothing new. (ritholtz.com)

Companies

• The biggest beneficiaries of AI may not be the AI companies. (downtownjoshbrown.com)
• It's easy to overlook key ingredients in industrial staples. (fortunefinancialadvisors.com)
• Everybody loves Costco ($COST). (wsj.com)

AI

• Why Kimi K3 matters, but not as much as you think. (asymmetricalbets.substack.com)
• OpenAI has a big Apple ($AAPL) problem on its hands. (daringfireball.net)
• Why Demis Hassbis' AI regulation memo matters. (sebastianmallaby.substack.com)

Trading

• The rails for 'Brokerage 2.0' are getting laid. (howardlindzon.com)
• Citadel Securities just invested $400 million into Crypto.com. (reuters.com)
• On the risks of perpetual futures. (ft.com)

Conflicts of interest

• It's hard to keep track of all the money flowing into Trump's network of entities. (wsj.com)
• Some evidence that someone in the administration wanted to steer IRS audits. (huffpost.com)
• It's hard to know who's betting on what in Washington DC these days. (wsj.com)
• FCC commissioners regularly accept gifts from regulated companies. (propublica.org)
• Why Congress passed laws to prevent sitting Presidents from putting their image on money. (npr.org)

Stay in touch

• Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Policy

• The Trump administration is systematically undermining things that drove American economic growth. (theatlantic.com)
• How is the ROAD to Housing Act going to work. (ft.com)
• Why corporations pay so little in taxes in the U.S. (paulkrugman.substack.com)

Economy

• The effective U.S. tariff rate has settling in around 6-7%. (apollo.com)
• The boom in new businesses keeps rolling. (nytimes.com)
• Kevin Warsh should answer this simple question. (stayathomemacro.substack.com)
• The economic schedule for the coming week. (economicweekly.substack.com)

Earlier on Abnormal Returns

• Top clicks this week on Abnormal Returns. (abnormalreturns.com)
• What you missed in our Saturday linkfest. (abnormalreturns.com)
• What you missed in our Friday linkfest. (abnormalreturns.com)

Mixed media

• The World Cup has been a boon for Kalshi and Polymarket. (cnbc.com)
• Lionel Messi actually lives up to the hype. (nytimes.com)
• Will American fans stick around after the World Cup? (politico.com)
• Why can't the NFL just use the same turf as FIFA? (nytimes.com)
• The winner of the World Cup will be one of the best teams ever. (natesilver.net)

Stay in touch

• Do you work in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing. Sign up for our daily e-mail newsletter! (abnormalreturns.com)

Top clicks this week

1. 10 reasons to be bearish including frothy retail behavior. (awealthofcommonsense.com)
2. A look back at the seven sins of active fund management. (larryswedroe.substack.com)
3. Why predicting the stock market is so difficult. (behaviouralinvestment.com)
4. How does 'ChatGPT Work' actually work? (spyglass.org)
5. 2026 is the year of the momentum stock. (awealthofcommonsense.com)
6. When it comes to AVs, humans are still going to human. (financialpost.com)
7. The Bloomberg Terminal is the still the market leader. (ft.com)
8. People are freaking out about the performance of Chinese AI model Kimi K3. (axios.com)
9. Market concentration is not necessarily a bad thing. (trendlabs.com)
10. Just how good are analysts at estimating earnings? (chartkidmatt.com)