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Tuesday links: the electric revolution

August 2026

  • How major asset classes performed in August 2026. (capitalspectator.com)
  • The S&P 500 rose 2.72% in August 2026. (on.spdji.com)

Rates

  • The 30-year Treasury is at it highest sustained level since 2006. (fa-mag.com)
  • A Q&A with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World." (axios.com)

Retail trading

  • How South Korea effectively tamped down on (leveragerd) speculation. (sg.finance.yahoo.com)
  • How retail investors have changed how the stock market works. (harveysawikin.substack.com)

Gambling

  • Why college kids are uniquely at-risk from problem gambling. (espn.com)
  • How Pokemon cards became a way to gamble. (slate.com)

Finance

  • Polymarket raised another $1 billion, led by 1789 Capital. (nytimes.com)
  • Some 21 banks, including BofA, Wells and Goldman, are launching a stablecoin. (wsj.com)
  • Revolut is now larger than every UK bank but HSBC. (ft.com)

AI

  • How AI is putting pressure on big consulting firms. (ft.com)
  • How hyperscalers are accelerating data center construction. (wsj.com)
  • Derek Thompson talks with Max Spero, founder of Panagram, about the spread of AI writing. (derekthompson.org)

Stay in touch

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

Housing

  • Conor Sen, "For their age, Gen Z is doing better on homeownership than the conventional wisdom." (conorsen.substack.com)
  • Ten facts about the housing market, including 'Nobody is moving.' (apollo.com)
  • Why Seattle's housing market is struggling. (bloomberg.com)

Economy

  • Construction, outside of AI, is at recessionary levels. (bonddad.blogspot.com)
  • How much higher gasoline and diesel prices are costing American consumers. (axios.com)
  • Why didn't the U.S. go into recession in 2022-23? (ft.com)

Earlier on Abnormal Returns

  • Research links: stock-specific volatility. (abnormalreturns.com)
  • What you missed in our Monday linkfest. (abnormalreturns.com)
  • Adviser links: the custody shift. (abnormalreturns.com)

Mixed media

  • Some colleges are drawing down their endowments to hang on. (fa-mag.com)
  • Some experiments to rebuild and streamline the college experience. (npr.org)
  • Most graduate degrees don't pay off. (ofdollarsanddata.com)