Tuesday links: imperfect foresight

Strategy

• Market timing involves a prediction about market direction. (behaviouralinvestment.com)
• Lost decades are rarer than you think. Most people invest right through them anyway. (ofdollarsanddata.com)

Crypto

• Another company is joining the Bitcoin Treasury game. (theblock.co)
• The administration and crypto industry are now in lockstep. (theatlantic.com)

Finance

• Novo Nordisk ($NVO) has attracted an activist investor. (ft.com)
• Octaura has developed a syndicated loan platform and just raised a new round of capital. (news.crunchbase.com)

Fund management

• Moody’s ($MCO) is warning about PE’s push into retail. (wsj.com)
• What it’s like when a real estate fund throws up the redemption gates. (wsj.com)

Apple

• At WWDC Apple ($AAPL) didn’t addressing the elephant in the room. (spyglass.org)
• Apple ($AAPL) is focusing on things Apple does well. (stratechery.com)
• Apple ($AAPL) is still pushing intelligence through its products. (sixcolors.com)

Jobs

• Hiring may be weaker than it seems on the surface. (businessinsider.com)
• Layoffs increasingly happen by e-mail or video. (ft.com)
• The class of 2025 is up against it, jobs-wise. (cnn.com)
• Entry level workers are not feeling it. (axios.com)

Economy

• Recession indicators are not flashing red. (calculatedriskblog.com)
• The deficit is still deficiting. (econbrowser.com)

Earlier on Abnormal Returns

• Research links: selling soothing balms. (abnormalreturns.com)
• What you missed in our Monday linkfest. (abnormalreturns.com)
• Adviser links: widespread anxiety. (abnormalreturns.com)
• Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

• Disney ($DIS) now controls Hulu. (variety.com)
• Warner Bros Discovery ($WBD) is splitting into two companies. (hollywoodreporter.com)
• News sites are getting crushed as Google downgrades links in favor of AI summaries. (wsj.com)
• The Smartless crew is starting a new mobile carrier. (hollywoodreporter.com)