Thursday links: falling valuations
Returns How major asset classes performed in September 2026. (capitalspectator.com) The Breakwave Tanker Shipping ETF ($BWET) has had quite a year. (etf.com) Energy stocks had a big Q3. (axios.com) A look at asset class returns YTD. (novelinvestor.com) Rates Four upsides from higher bond yields including, 'Higher bond yields may create more options for long-run asset allocators.' (ft.com) Contrarians are buying into the iShares 20+year Treasury bond ETF ($TLT). (marketwatch.com) Muni bonds look cheap relative to Treasuries. (bloomberg.com) Finance Bill Ackman's investment management company, Pershing Square ($PS), is getting the benefit of the doubt from investors. (barrons.com) The story behind Ethos Technologies ($LIFE) which you have likely heard advertised on podcasts. (hntrbrk.com) It's not your imagination, companies are talking a lot about AI. (apollo.com) A brief history of the Bloomberg Terminal. (spectrum.ieee.org) Weight loss drugs More GLP use is for non-weight related issues. (wsj.com) GLP-1s are being marketed for a lot of things other than weight loss. (theatlantic.com) A new Eli Lilly ($LLY) combo drug shows greater efficacy than tirzepatide alone. (cnbc.com) Drug makers now want to target belly fat. (wsj.com) Apple Everything is pointing toward an Apple ($AAPL) HomePod release. (spyglass.org) Using the Mac Studio for local AI. (wired.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) Food The dreaded 'What's for dinner?' question. (wsj.com) Gourmet grocers sit between scratch cooking and delivery. (grubstreet.com) The best diner is the one you actually go to. (livealittle.substack.com) RIP, brunch. (wsj.com) Economy Weekly initial jobless claims are at historic lows. (bonddad.blogspot.com) Consumer spending has diverged from consumer sentiment. (econbrowser.com) The wealth effect is real. (axios.com) Earlier on Abnormal Returns Longform links: AI acceleration. (abnormalreturns.com) What you missed in our Wednesday linkfest. (abnormalreturns.com) Personal finance links: the purpose of money. (abnormalreturns.com) Mixed media European auto makers are upsizing their SUVs for the American market. (wsj.com) Why minivans are seeing a comeback. (bloomberg.com) Hybrid vehicle sales are red hot. (npr.org)