Tuesday links: incentivizing action

Quote of the Day "Rather than incentivizing assets to grow, the new financial system increasingly makes money from decisions." (Joe Pompliano) Chart of the Day At current valuations, a deal between SpaceX ($SPCX) and Tesla ($TSLA) looks like a ‘merger of equals.’ (chart via YCharts) Companies - Nvidia ($NVDA) has become a dividend stock. (advisorpedia.com) - Whirlpool ($WHR) is struggling in this housing market. (wsj.com) - Why the new Truth API won't turn things around the finances of Trump Media ($DJT). (nymag.com) ETFs - The Invesco S&P 500 Equal Weight ETF ($RSP) is having a moment. (etf.com) - Leverage is not innovation. (behaviouralinvestment.com) Private credit - Is private credit volatility understated? If so, by how much? (larryswedroe.substack.com) - Joe Weisenthal and Tracy Alloway talk with Andrew Granato and Pranjal Drall, authors of a new paper, “Private Credit's State Backstop: How Private Equity Socializes Risk Through Insurers." (podcasts.apple.com) Personal technology - Can smart glasses ever be 'privacy friendly'? (wired.com) - Pros and cons of Apple ($AAPL) Airtags. (engadget.com) - How well does Alexa+ work? (pogueman.substack.com) Stay in touch - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) - Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com) War - Russia is targeting Ukraine's gas stations. (nytimes.com) - America is running low on ammunition. (theatlantic.com) - How China won the Iran war. (paulkrugman.substack.com) Economy - Gasoline prices aren't going down any time soon. (theatlantic.com) - The Fed has given up on targeting 2% inflation. (ritholtz.com) - Worker confidence is falling. (axios.com) - Free trade is popular among Americans. (theargumentmag.com) Earlier on Abnormal Returns - Research links: pushing aside politics. (abnormalreturns.com) - What you missed in our Monday linkfest. (abnormalreturns.com) - Adviser links: true contentment. (abnormalreturns.com)