Quote of the Day
"The AI Age may reward something different: judgment, empathy, curiosity, and the discipline to make better use of the time we’ve been given."
(Ted Lamade)
Markets
- The Yen is at a 40-year low relative to the U.S. dollar. (axios.com)
- SpaceX ($SPCX) debt trades like junk. (bloomberg.com)
Fund management
- Why there is an overhang on StepStone Group ($STEP) shares. (hntrbrk.com)
- How Micron ($MU) came to make up some 25% of a value ETF. (morningstar.com)
Trading
- Exchange stocks are tumbling. (trendlabs.com)
- Danny Moses talks with Joe Saluzzi, partner and co-founder of Themis Trading, about worsening U.S. market structure. (youtube.com)
Private assets
- Investors keep asking for their money back from private credit vehicles. (wsj.com)
- How semi-liquid private equity funds handle redemptions. (wealthmanagement.com)
- Research into the fragility of semi-liquid private credit funds. (papers.ssrn.com)
Gambling
- The World Cup is a boon to prediction market volume. (theblock.co)
- Is ripping digital card packs the new gambling? (wired.com)
- Five insights from David Bockino's new book, "Over/Under: An Unexpected History of Sports Betting." (nextbigideaclub.com)
Conflicts of interest
- The Trump administration says there is no conflict of interest involved with the President's crypto activities. (citationneeded.news)
- Investors in Trump-backed tokens are largely underwater. (wsj.com)
- Trump structured crypto deals so that he couldn't really lose. (nytimes.com)
Russia
- Russia's go-to move is to bomb Kyiv. (semafor.com)
- The human costs of the war in Ukraine are ballooning. (csis.org)
- Ukraine has put a spotlight on the limits of Putin's power. (theatlantic.com)
- It's getting harder for Putin to hide the cracks in his regime. (thebulwark.com)
Economy
- The June NFP report was a mixed bag. (bonddad.blogspot.com)
- The labor force shrunk in June. (axios.com)
- Growth in payroll taxes is approaching 0%. (macro.disciplinefunds.com)
Earlier on Abnormal Returns
- Longform links: instant fakes. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: playing status games. (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)
Sentinel — Human
The text appears to be an aggregation of highly specific news snippets and links rather than a single, cohesive journalistic article, suggesting compilation from multiple sources.
