Market Concentration Is Extreme; Can It Be Normalized?

Plus, AI valuation discipline, a tariff-authority shock, and where ETF flows could take Bitcoin next.
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Market Concentration Has Reached Extreme Levels; Here's What It Takes to Get Back to Normal

When one of the world's most sophisticated quantitative hedge funds starts crunching numbers on market concentration, investors should pay attention. A recent analysis tackles a question many have been asking quietly: how long until the...

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Inflation is always and everywhere a monetary phenomenon. — Milton Friedman

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