Monday links: an eye for trouble
Markets The scale of the AI boom is hard to grasp. (awealthofcommonsense.com) TIPS increasingly look like competition to equities. (larrykotlikoff.substack.com) High beta is crushing low vol, YTD. (capitalspectator.com) Prediction markets Newer trading firms are now targeting prediction markets. (wsj.com) Prediction market companies are spending big on lobbying. (indianacapitalchronicle.com)…
Markets: The AI boom is expanding rapidly, making it difficult to comprehend the full scale of its impact. TIPS are increasingly viewed as a competitor to equities. High beta stocks are outperforming low volatility ones so far this year. New trading firms are entering the prediction markets space. These firms are investing heavily in lobbying efforts.
Lebron James is projected to earn more this year from Polymarket than the entire 76ers team. Prediction market results do not appear to have any political bias. Apple's new AirPods 5 are receiving praise, despite initial skepticism. The iPhone Duo presents a promising opportunity for app developers. If you work in wealth management, consider signing up for the Talking Wealth newsletter.
Don't miss out on daily updates from Abnormal Returns. The American consumer continues to spend unabated. Despite AI's potential to boost productivity, it has not yet been reflected in the current economic data. The startup boom may not be as robust as it initially seemed. Fewer Americans now report feeling they are thriving.
Written by urgent.news from Abnormal Returns's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
