My Two-for-Tuesday morning practice WFH reads:
• Inflation Is Stinging Bonds—With One Large Exception: Treasury inflation-protected securities are producing constructive returns regardless of a tough bond market. Barron’s on TIPS lastly doing the job they had been designed to do. Price re-reading in case you’ve been underweight inflation-linked paper for the final decade. (Barron’s)
• It’s Boating Season, However Solely If You Can Afford Gasoline: In regular instances, boaters spend their cash at marinas, sort out retailers and dockside eating places, maintaining native companies buzzing. This yr, they’re spending all of it on the pump. (Businessweek)
• What layoffs conceal about the true drawback with the job market: The WaPo on a labor market the place the headline layoff numbers are tame however hiring has quietly collapsed — the no-fire-no-hire economic system. A extra helpful body than most takes you’ll see this week. Regardless of high-profile cuts by firms together with Meta and UPS, layoffs are about as little as they’ve been in years. (Washington Publish)
• Life After Ozempic: Esquire on what occurs when sufferers come off GLP-1s — the load, the urge for food, the connection to meals, the unfinished science. While you cease taking the miracle weight-loss drug, the cravings return—for meals, sure, but additionally for one thing extra. The post-prescription part is the place the true story is. (Esquire)
• AI eats the world. Benedict Evans on Tech platforms shifts: Each 10-15 years, a platform shift reshapes know-how. What occurs in a platform shift? Who’s affected, and the way a lot? Inside tech: new gatekeepers, new worth seize. Outdoors tech: Is that this a brand new software, a brand new income mannequin, or an existential menace? Benedict Evans’s annual deck — clear charts, no breathlessness, and essentially the most helpful single doc for occupied with the place AI economics really sit proper now. Required studying. (Benedict Evans)
• Worry and Loathing in Palo Alto: Washington Month-to-month on the Silicon Valley proper’s temper circa late spring 2026 — the bravado has thinned, the legal professionals haven’t. A helpful temperature-take on a tribe whose self-image is more and more out of sync with its personal steadiness sheet. Theo Baker’s debut guide is a film-worthy investigation of Stanford’s tradition of fraud. However his disdain for the tech bros retains him from understanding them. (Washington Month-to-month)
• Hating AI is nice, really: A spirited rebuttal to the soft-determinist “AI is simply right here” framing — helpful as a counterweight even in case you finally disagree. Pair with the WSJ “American Revolt” piece. LinkedIn could also be awash with boosters, however shunning AI is the human selection. (The Hand Basket)
• The Mercedes-AMG GT 4-Door Coupé makes a dramatic debut: When you nonetheless suppose EVs are low-key, quiet and just a little bit vanilla, Mercedes-AMG desires to alter your thoughts. Introducing the primary all-electric automobile from the high-performance sub-brand (Wallpaper)
• 10,000 rulings: The courts’ overwhelming rebuke of ICE insurance policies: A POLITICO evaluation reveals judges have dominated in opposition to ICE detention practices in roughly 90 p.c of instances for the reason that company mandated that tens of millions of immigrants have to be locked up whereas they face deportation proceedings. Politico tallies up the immigration courts and finds the administration has been shedding — quietly, at scale, on the legislation. The political story and the authorized story are operating on completely different clocks. (Politico)
• Blond Ambition 100 years of Marilyn Monroe: Monroe is legendary for her mixture of irrepressible sexuality and childlike innocence, however those that knew her in life discovered her much less girlishly naive than tragic and wounded. A Bookforum essay-review on a brand new spherical of Madonna writing — what the mission has been, what it value, and what the most recent biographers get improper. Good cultural criticism. (Ebook Discussion board)
Video of the day: The blueprint for turning into an emotionally mature grownup, in 68 minutes.
Remember to take a look at our Masters in Enterprise interview this weekend with Vimal Kapur, CEO and Chairman of DJIA element Honeywell Worldwide. The agency is within the midst of dividing into three firms: Honeywell Automation, Honeywell Aerospace, and Solstice Superior Supplies. The agency has absolutely built-in AI because the intelligence layer in all of its automation processes and merchandise.
Kevin Warsh is dealing with the best yields on 10-year Treasuries on his swearing-in date of any Fed chair going again to Alan Greenspan in August 1987
Supply: @lisaabramowicz1
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