{
  "id": 11244144,
  "title": "Thursday links: falling valuations",
  "url": "https://urgent.news/2026/10/01/thursday-links-falling-valuations",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T16:33:24.000Z",
  "source": {
    "name": "Abnormal Returns",
    "slug": "abnormal-returns",
    "url": "https://abnormalreturns.com/2026/10/01/thursday-links-falling-valuations/"
  },
  "original_language": "en",
  "account": "In the financial markets of September 2026, various asset classes exhibited diverse performance. The Breakwave Tanker Shipping ETF (BWET) had a particularly fruitful year, while energy stocks also performed remarkably well during the third quarter. YTD returns were analyzed across all asset classes, providing a comprehensive overview of their respective performances.\n\nA notable trend emerged from higher bond yields, which could potentially offer more opportunities for long-term asset allocators. Contrarians were observed to be investing in the iShares 20+year Treasury bond ETF (TLT). Meanwhile, municipal bonds were perceived as undervalued compared to Treasuries.\n\nBill Ackman's investment management company, Pershing Square ($PS), managed to garner investor confidence. Ethos Technologies ($LIFE), frequently advertised on podcasts, gained attention due to its unique offerings. The buzz surrounding AI was palpable, with numerous companies discussing its applications and implications.\n\nThe Bloomberg Terminal, a widely used financial tool, was commemorated in a retrospective piece. GLP-1 drugs, initially marketed for weight loss, were increasingly prescribed for non-weight-related issues. Eli Lilly's ($LLY) new drug combo demonstrated superior efficacy when compared to tirzepatide alone.\n\nThere was considerable excitement around Apple's potential release of the HomePod. Local AI capabilities were harnessed using the Mac Studio, as highlighted in various tech blogs. Staying updated with the latest financial news was made easier through a daily e-mail newsletter, Exclusive Talking Wealth newsletter for professionals in wealth management, and Talking Wealth podcast.\n\nThe persistent question of meal planning, \"What's for dinner?\", was addressed by various sources. The gourmet grocery sector was explored, bridging the gap between home cooking and delivery services. The perfect diner experience was identified as one that is actually visited. Brunch, once popular, gradually fell out of favor.\n\nIn the broader economy, weekly initial jobless claims remained at historic lows. Consumer spending demonstrated a divergence from consumer sentiment, raising questions about the underlying factors driving these trends. The wealth effect was confirmed as a real phenomenon, impacting investment decisions.",
  "summary": "Returns How major asset classes performed in September 2026. (capitalspectator.com) The Breakwave Tanker Shipping ETF ($BWET) has had quite a year. (etf.com) Energy stocks had a big Q3. (axios.com) A look at asset class returns YTD. (novelinvestor.com) Rates Four upsides from higher bond yields including, 'Higher bond yields may create more options for long-run asset allocators.' (ft.com)…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}