New
Friday Links: Insane Obstacles
April 2026
- The S&P 500 returned 10.49% in April 2026. (on.spdji.com)
- How major asset classes performed in April. (capitalspectator.com)
Markets
- Marc Rubenstein, "Arbitrage is a broad term and it’s often misused." (netinterest.co)
- Lessons learned from the semiconductor stock melt up. (scheplick.com)
- There are still opportunities to dig around in microcaps. (microcapclub.com)
- Investing success depends on path dependency. (rockandturner.substack.com)
Prediction markets
- The Senate has banned Senators and their staff from trading on prediction markets. (politico.com)
- Clear Street is teaming up with Kalshi to give its hedge fund clients access. (bloomberg.com)
SpaceX
- A lot of people think they own SpaceX shares. Some will be disabused. (nytimes.com)
- S&P is ready to cave to the coming mega IPOs to make for earlier index entry. (msn.com)
- Blue Owl funds sold half their SpaceX stake at a $1.25 billion valuation. (reuters.com)
AI
- Cloud businesses saw soaring revenue in Q1. (tomtunguz.com)
- Apple ($AAPL) is sidestepping the AI capex boom. (spyglass.org)
- The surge in hyperscaler capex spending is stunning. (om.co)
- How Anthropic is using Datadog ($DDOG) services. (hntrbrk.com)
- AI bubble talk is falling by the wayside as usage ramps up. (theatlantic.com)
Crypto
- Olga Kharif, "What is unfolding has no precedent in American financial life. A sitting president’s family holds financial stakes in a live token project — one setting governance rules, directing treasury sales, collecting proceeds — while the people who signed up find themselves with limited options to exit." (bloomberg.com)
- A company affiliated with Trump's sons is buying a tungsten mine in Kazakhstan. (ft.com)
- What's going on with Alt5 Sigma Corp. ($AIFC)? (futurism.com)
QSR
- How Casey's General Stores ($CASY) became a huge winner. (freedomdaysolutions.com)
- Subway's store count has fallen for ten straight years. (qsrmagazine.com)
- Dirty soda is showing up everywhere these days. (axios.com)
Economy
- Weekly initial jobless claims continue to confound. (bonddad.blogspot.com)
- Some signs of worry for the economy. (econbrowser.com)
- How higher gasoline prices are affecting consumers. (axios.com)
Earlier on Abnormal Returns
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: intertwined fates. (abnormalreturns.com)
- Life is existential uncertainty. Make sure you enjoy it while you can. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
Popular Products
-
Gas Detector Meter$311.56$155.78 -
Foldable Garbage Picker Grabber Tool$93.56$46.78 -
Portable Unisex Travel Urinal$49.56$24.78 -
Reusable Keychain Pepper Spray – 20ml$21.56$10.78 -
Camping Survival Tool Set$41.56$20.78