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Monday links: why trends persist

Markets

  • SpaceX ($SPCX) stock is well off its highs. (futurism.com)
  • SK Hynix has topped Samsung to become South Korea's most valuable company. (wsj.com)

Strategy

  • Don't kid yourself. You are not going to get rich calling market tops and bottoms. (awealthofcommonsense.com)
  • How to think about a 'lost decade' for stocks. (rogersplanning.blogspot.com)

Prediction markets

  • Economists had a very different conception of prediction markets. (cnn.com)
  • How Americans feel about prediction markets. (politico.com)

Finance

  • Life insurers increasingly rely on privately rated bonds. (ft.com)
  • The line between ETFs and mutual funds is increasingly blurred. (thedailyupside.com)
  • VC investment into defense tech is booming. (ft.com)

Economy

  • Companies say the consumer is still strong. (thetranscript.substack.com)
  • How extreme weather affects country GDP differently. (klementoninvesting.substack.com)
  • Roger Lowenstein, "Mr. Greenspan shaped how modern central banks operate. But even he had to admit that his infatuation with models had been wrong." (nytimes.com)

Earlier on Abnormal Returns

  • Adviser links: sudden wealth. (abnormalreturns.com)
  • What you missed in our Sunday linkfest. (abnormalreturns.com)
  • Top clicks last week on Abnormal Returns. (abnormalreturns.com)
  • Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealth.com)
  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

  • Why layoffs later in life can be devastating. (marketwatch.com)
  • Why narcissistic CEOs want people in the office five days a week. (nytimes.com)
  • 29 lessons learned from 29 years including: 'Someone stupider than you is going to make a lot of money.' (youngmoney.co)