• Why the stock market is bouncing back amid the war and soaring inflation: Investors are facing one of the most uncertain times of their lives. Regardless, stocks are rising. The S&P 500 has rebounded 7.6% from its 2022 low in March, reducing its full-year decline to around 6%. (Wall Street Journal) see also Always buy with high uncertainty.Stock market certainty is very expensive: The old adage that stocks hate uncertainty is true — but only partially true. Stocks hate highs and rising uncertainty. However, high but falling uncertainty is definitely the best stock market fuel anyone can ask for. And that’s nowhere in sight. (really clear market)

• Meet 2022’s Rising Hedge Fund Stars: The class of 2022 — the first since 2019, thanks to a two-year hiatus from the pandemic — includes some who run their own hedge fund firms, such as Difesa Capital Management’s Andrew Cohen and Michael Englander of Greenland Capital Management. The two rising stars are the sons of Peter Cohen and Izzy Englander. (corporate investor)

• Inflation will continue.Here’s how to adjust your portfolio. Balance is key here, and a lot depends on the investor’s age, risk tolerance and existing portfolio. For example, younger investors can invest primarily in stocks, while retirees who have drawn down their portfolios may need more immediate inflation protection, including inflation-linked and short-term bonds, commodities and REITs. (Barron) see also I have time to recover from this inflation, right? Inflation has not been this high since the early 1980s. While this isn’t unprecedented — it’s even been at the same level for 65 years before that — it doesn’t happen often either. Hence why the Fed adjusted the gears a little higher and let the rest of the economy slip. (Fortune finds me)

• No-Loss Betting Strategies That Take Gambling Out of Sports Betting Caesars, DraftKings, FanDuel and others have been giving away millions in sign-up bonuses. Coupon clip types are pitting them against each other for risk-free betting. (Bloomberg)

• Companies that merge with SPACs lag the S&P 500 by staggering profit margins During the most recent SPAC boom — except for a few days in early 2021 — these newly listed stocks haven’t topped the S&P since 2018. (corporate investor) see also Why most SPACs suck: Relative to the performance they offer, the vast majority of “products” that might get stuck in a portfolio are mostly not worth the cost. (big picture)

• How to stop procrastinating A science-based system to overcome chronic procrastination (Curious Chronicle)

• How Liberia’s frontline health workers are protecting us all Remote areas of sub-Saharan Africa are among the world’s hotspots for new diseases. But Liberia is using an innovative method to identify outbreaks before they become a problem. (BBC) see also Find the next pandemic virus before it finds us The tricky job of finding, sequencing and sharing viruses around the world. (sound)

• Why a US company plans to release 2.4 billion genetically modified mosquitoes The insects, created by biotech company Oxitec, will be non-biting males, engineered to produce only viable male offspring, according to the company. (Smithsonian)

• The Black and White Truth About Oscar Peterson and Canadian Racism: Doc illustrates our unease about facing racism in Canada (Viewpoint Magazine) see also ‘Oscar Peterson: Black + White Review: The Giants of Jazz Piano He’s an inspiration, an influence, but you first have to figure out — in his stormy notes and dazzling finesse — what he’s even doing. At the risk of paralleling Tatum, Peterson exists in his own jazz world. Aside from his famous trio — bassist Ray Brown and guitarist Herb Ellis or drummer Ed Tigpen — Peterson works alone, occupies his own space, and competes with no one. This makes Mr. Avrich’s films more valuable (Wall Street Journal)

• The future of the International Space Station looks dire For 30 years, the U.S.-Russian partnership on the International Space Station has come above all else. Now America finds itself in need of friends, not enemies (Work Week)