My morning train WFH reads:
• Gold Is No Longer a Good Hedge Against Bad Times: The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse. (Bloomberg)
• AI’s Winners, Losers and Wannabes: An NVIDIA Valuation, with the AI Boost! (Musings on Markets)
• For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key: Investors are sensing a regime shift in the market but capturing it will take careful planning. (Chief Investment Officer)
• Carry That Weight: There’s a problem with transporting new vehicles across the country: They’re too heavy. (Slate)
• St. Louis Is the Struggling Downtown You Haven’t Heard Of — and Right-Wing Policies Are Making Things Worse: Unlike San Francisco, St. Louis is a blue island in a red state, and conservative state policies have at least partly driven the city’s decline. More apt parallels to St. Louis are places like Kansas City, Mo.; Memphis; Nashville; and Little Rock, Ark. — liberal enclaves that in a macrocosm of the worst kind of family dysfunction are at the mercy of conservative state governments. The consequences of this dysfunction can be far-reaching. (New York Times) see also Retailers Aren’t Abandoning Downtowns Because of Crime: Nordstrom’s decision to vacate San Francisco is more about evolving shopper trends. (Bloomberg)
• Semi-Politics: Intel and the future of US chipmaking: Intel and the future of US chipmaking (Phenomenal World)
• Dolby Atmos Wants You to Listen Up. (And Down. And Sideways.) True believers in the immersive audio format say it could restore a musical appreciation lost to a generation that has come up during the streaming era. (New York Times)
• Nurtured by nature: Psychological research is advancing our understanding of how time in nature can improve our mental health and sharpen our cognition (American Psychological Association)
• Sheldon Whitehouse was right all along: The Supreme Court is corrupt: The best argument for court reform comes from Alito, whose arrogant, slipshod and unconvincing defense makes him the poster boy for serious court reform. (Washington Post)
• How I Stopped Hating Steely Dan: I thought I was immune, but still became a Dan stan—this is my story. (The Honest Broker)
Be sure to check out our Masters in Business interview this weekend with Ilana Weinstein, founder and chief executive officer of IDW Group, the top recruiter of fund managers and traders for many of the largest hedge funds. She previously worked at Goldman Sachs and Boston Consulting Group, and holds degrees from the University of Pennsylvania and Harvard Business School.
The misery index is falling fast
Source: Axios
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