Friday links: volatility clusters

Quote of the Day "There are lots of things you CAN do, but it’s not clear you SHOULD." (Seth Godin) Chart of the Day Transport stocks are trading at new all-time highs. (chart via YCharts) Strategy - Stock market volatility clusters. (awealthofcommonsense.com) - A look back at the seven sins of active fund management. (larryswedroe.substack.com) IPOs Apple - Apple ($AAPL) stock is having a moment. (trendlabs.com) - Apple ($AAPL) needs to show Apple TV some more love. (sixcolors.com) - Just how big a market is there for Apple ($AAPL) eyewear? (asymco.com) Netflix - Can live programming turn Netflix ($NFLX) around? (variety.com) - Netflix ($NFLX) has a big YouTube problem. (spyglass.org) AI - People are freaking out about the performance of Chinese AI model Kimi K3. (axios.com) - How open-source AI models should work. (tomtunguz.com) - ChatGPT is back, sort of. (spyglass.org) Stay in touch - Work in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com) - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Cyclospora - The USDA and CDC have lost thousands of workers in this administration. (prospect.org) - The CDC lab that tracks cyclospora was downsized by DOGE. (wired.com) - The sprawling cyclospora outbreak highlights a breakdown in public health. (semafor.com) Earlier on Abnormal Returns - What you missed in our Thursday linkfest. (abnormalreturns.com) - Longform links: detecting AI errors. (abnormalreturns.com) Economy - Q2 GDP is tracking around 1.8% growth. (capitalspectator.com) - It's hard to get inflation down with full employment. (apollo.com) - The housing market is stuck in neutral. (bonddad.blogspot.com) - Why produce prices are rising. (theconversation.com)