Sunday links: accelerating abnormalities

Quote of the Day "That’s how things advance. One abnormality at a time until we become more accustomed to it. I think what’s new these days is the speed at which these abnormalities come along. It feels faster." (Joshua Brown) Markets - The speed of the move in semiconductor stocks is stunning. (howardlindzon.com) - Markets (and the world) just seem to move faster these days. (downtownjoshbrown.com) Finance - Why Jane Street is betting big on AI. (wsj.com) - Bain Capital's buyout of Kioxia, the former Toshiba Memory, is a historic win. (ft.com) SpaceX - MSCI gave SpaceX ($SPCX) its lowest ESG score. (giftarticle.ft.com) - SpaceX ($SPCX) scored investment grade ratings from Moody's, Fitch and S&P Global. (finance.yahoo.com) - Leveraged ways to bet on SpaceX ($SPCX) are already ubiquitous. (cnbc.com) - SpaceX ($SPCX) is as much an idea as a company. (theatlantic.com) Companies - Even fast-growing companies are facing pressure to do more fewer less people. (gettheleverage.com) - Company moats are not forever. (investing101.substack.com) Prediction markets - Be wary of videos of people claiming they are making bank on Polymarket. (wsj.com) - Charles Schwab ($SCHW) is teaming with CBOE ($CBOE) for contracts tied to the SP& 500. (theblock.co) Law and order - Serving on a jury is a boost to your civic feelings. (phys.org) - The Trump administration considered suspending habeas corpus. (nytimes.com) - When prosecutors are overwhelmed they dismiss more cases. (theconversation.com) Government - What's the story behind all those trades in Trump's accounts? (nytimes.com) - The administration is quietly killing DACA. (thebulwark.com) - Why Pete Hegseth blocked the promotion of Rear Adm. Stephen D. Barnett. (nytimes.com) - The algae-filled Lincoln Memorial Reflecting Pool is now everyone's problem. (defector.com) - Juneteenth persists. (axios.com) Economy - How stretched is the American consumer? (economist.com) - The economic schedule for the coming week. (economicweekly.substack.com) Earlier on Abnormal Returns - Top clicks this week on Abnormal Returns. (abnormalreturns.com) - What you missed in our Saturday linkfest. (abnormalreturns.com) - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)