Wednesday links: shrinkflation and skimpflation
Markets A look at the state of the bull market. (spilledcoffee.co) A look at return dispersion in the components of the S&P 500. (axios.com) AI Recent hacks show AI companies don't have a great handle on things. (ft.com) Where small language models (SLMs) can substitute for LLMs. (klementoninvesting.substack.com) Patrick O'Shaughnessy talks with Ben Thompson about the binding constraints on the…
Wednesday's market updates explore the ongoing bull market and its return dispersion across S&P 500 components. Recent AI hacks highlight companies' struggles to manage artificial intelligence effectively. Small language models (SLMs) may serve as viable alternatives to large language models (LLMs). Patrick O Shaughnessy interviews Ben Thompson about the challenges in scaling AI development.
Hyperscalers are investing heavily in natural gas. Apple's AirPods Vision gadget and potential surgical applications for the Apple Vision Pro are discussed. In pharmaceuticals, Moderna and Merck's mRNA melanoma vaccine demonstrated effectiveness. Eli Lilly is adopting Silicon Valley strategies. Pharmaceutical price inflation is viewed as negative overall.
The Ukraine conflict utilizes satellite imagery, while maintaining Bradley infantry vehicles presents US-made challenges. Furniture company owners unexpectedly become the CEOs of Ukraine's top missile producers. Russian tanks face difficulty against Ukrainian drones. Economic indicators show a robust U.S. economy, with increasing federal interest expenditures projected.
Personal finance advice, mixed media articles, and business book recommendations are also highlighted.
Written by urgent.news from Abnormal Returns's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
