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Wednesday links: signs of life

Chimera readability score 60 out of 100, Graduate reading level.

Quote of the Day
"AI technology may exceed our expectations, while many investments fail to meet them."
(Ted Seides)
June 2026
- The S&P 500 fell 0.95% in June 2026. The Smallcap 600 was up 7.29%. (on.spdji.com)
- How major asset classes performed in June 2026. (capitalspectator.com)
- Technology stocks now make up a record share of the S&P 500. (morningstar.com)
- Semiconductor stocks had their best quarter ever. (axios.com)
Strategy
- Do we need to be worried about stock market leverage? (awealthofcommonsense.com)
- The math behind Bobby Bonilla Day. (ritholtz.com)
IPOs
- Bending Spoons ($BSP) is now public. (axios.com)
- Signs of life in SPAC land. (pitchbook.com)
- Lime ($LIME) is now public. (ft.com)
Companies
- Meta ($META) now wants to sell compute. (semafor.com)
- Nippon Steel isn't exactly investing bigly in US Steel. (axios.com)
- Microsoft ($MSFT) is making bank in Ireland. (wsj.com)
Finance
- How BDC managers dealt with Medallia before its bankruptcy. (ft.com)
- Corporate pensions are fully funded again for the first time in almost two decades. (apollo.com)
Hedge funds
- Paul Singer's Elliott Management has recently spawned a slew of offshoots. (giftarticle.ft.com)
- AI lab, EquiLibre Technologies algorithms are being used to trade stocks. (techcrunch.com)
Conflicts of interest
- Donald Trump cleaned up on crypto in 2025. (nbcnews.com)
- Trump cut a deal with Kazakhstan over minerals. The Lutnick and Trump families will benefit. (nytimes.com)
- Suspicious timing for another Trump stock purchase. (cnbc.com)
Economy
- Manufacturing is holding up headed into the second half of the year. (bonddad.blogspot.com)
- Is AI adoption actually driving more hiring?!? (bigtechnology.com)
- Why has labor share fallen since Covid? (libertystreeteconomics.newyorkfed.org)
Earlier on Abnormal Returns
- Personal finance links: playing status games. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: symmetric deviations. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Are you a financial advisor or in the wealth management business? Sign up for our exclusive, weekly Talking Wealth newsletter. (talkingwealthpod.com)
Mixed media
- The Bicentennial was a nationwide phenomenon. The semiquincentennial seemingly is not. (theatlantic.com)
- DOGE cut funding for localities to celebrate America 250. (notus.org)
- How a missing comma changes the meaning of the Declaration of Independence. (experimentalliving.substack.com)
- Pride in America, among Americans, is falling. (flowingdata.com)

Sentinel — Human

Confidence

This text functions effectively as a highly dense, topic-driven index of contemporary financial and cultural themes. It lacks the typical linguistic smoothness and rhetorical flow of purely synthetic content, indicating a probable human compilation effort.

Signals Detected
low severity: Sentence length variance is erratic, jumping between short titles and longer explanatory phrases. The structure mimics a thematic index rather than continuous narrative.
low severity: The text exhibits high topic diversity (finance, AI, geopolitics, social commentary) but lacks emotional or intellectual cohesion; it functions as an aggregation of disparate links rather than a flowing argument.
low severity: No repetitive transitional phrasing or shared argumentative skeleton is visible. The connections are thematic, not logically linked in a synthetic narrative way.
low severity: The text consists almost entirely of external references/titles. There are no internal claims to verify, reducing the risk of direct LLM confabulation on specific data points, though the compilation method itself is highly efficient.
Human Indicators
The sheer breadth and fragmentation suggest an editorial index or a mind-mapping exercise by a human researcher, compiled from diverse sources rather than generated as a unified narrative.