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Fiscal.ai
Airports are natural monopolies.
And they tend to have major pricing power.
Here are the best performing airport stocks of the last 5 years:
1. Corporación American Airports $CAAP
5yr Total Return: +543% https://t.co/2ZE3wWbpTh
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Airports are natural monopolies.
And they tend to have major pricing power.
Here are the best performing airport stocks of the last 5 years:
1. Corporación American Airports $CAAP
5yr Total Return: +543% https://t.co/2ZE3wWbpTh
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App Economy Insights
Wealthfront is going public this week.
Ticker: $WLTH
Valuation: ~$2B
Funded Clients: 1.3M
Platform Assets: $88B
📊 How They Make Money: ~75% of revenue comes from cash management (not advisory fees). This makes the model highly sensitive to interest rates.
Would you buy this over $HOOD or $SOFI?
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Wealthfront is going public this week.
Ticker: $WLTH
Valuation: ~$2B
Funded Clients: 1.3M
Platform Assets: $88B
📊 How They Make Money: ~75% of revenue comes from cash management (not advisory fees). This makes the model highly sensitive to interest rates.
Would you buy this over $HOOD or $SOFI?
tweet
WealthyReadings
While everyone panicked in November as the chances of rate cuts reduced, I kept my head cool & shared that I'd continue to buy my stocks during the dip, with clear arguments why.
All my buys are green since that day, some of them are even very green - namely $ALAB, $NBIS, $ONON, $BTC & $ETH.
And yes, without much surprises, the FED did cut rates.
When investing, reacting is losing.
tweet
While everyone panicked in November as the chances of rate cuts reduced, I kept my head cool & shared that I'd continue to buy my stocks during the dip, with clear arguments why.
All my buys are green since that day, some of them are even very green - namely $ALAB, $NBIS, $ONON, $BTC & $ETH.
And yes, without much surprises, the FED did cut rates.
When investing, reacting is losing.
I am still a buyer for a few handful reasons.
1. I believe the FED needs to continue to cut rates, and will in December.
https://t.co/5joU9HUnh1
2. I believe in AI and that $NVDA isn't a fraud, and the data backs me up.
https://t.co/jvzeGM3kwY
3. $TMDX is more than 30% of my portfolio, a recession and AI proof business unaffected by rate cuts, so even if the rest of the market falls liquidity should go towards those kinds of assets.
https://t.co/5ZqknmvPVz
4. Fiscal spending isn't and will not slow down during the next years and the only protection against this is assets, and this is also why I dobuled my $BTC weekly DCA.
That being said, the market is taking a hit and it won't recover from this in a few days with a V shape recovery like post liberation day as we do not have comparable catalysts before EOY.
So I am being prudent and slow in my purchases. There is no rush in today's market, you don't need to catch falling knifes, you just need to wait and be patient.
The few percentage point won by catching a bottom compared to following a trend aren't worth the risk. tweet
X (formerly Twitter)
WealthyReadings (@WealthyReadings) on X
I am still a buyer for a few handful reasons.
1. I believe the FED needs to continue to cut rates, and will in December.
https://t.co/NiO2OkZ3ws
2. I believe in AI and that $NVDA isn't a fraud, and the data backs me up.
https://t.co/XOexYn4vyS
3. $TMDX…
1. I believe the FED needs to continue to cut rates, and will in December.
https://t.co/NiO2OkZ3ws
2. I believe in AI and that $NVDA isn't a fraud, and the data backs me up.
https://t.co/XOexYn4vyS
3. $TMDX…
EndGame Macro
The Fed’s Hidden Move And The Cushion Before the April Drain
The Fed went with 25 bps because they’re trying to thread a very specific needle. The economy isn’t collapsing, but the labor market has clearly cooled. Job gains have slowed, unemployment has drifted up, and they openly admit downside risks to employment have risen. That line is doing more work than anything else in the statement, it’s them hinting that the jobs side is now the priority.
At the same time, they also tell you inflation has picked back up and is still somewhat elevated. So they’re easing while admitting inflation isn’t fully fixed. That alone tells you this wasn’t a celebration cut; it was a defensive one. They’d rather risk a little inflation heat than risk tightening straight into a weaker labor market.
The rest of the language like the data dependence, the “we’re watching everything,” the careful tone is their way of saying don’t get ahead of us, don’t assume a path, and don’t treat one cut as a whole cycle.
What They’re Really Signaling Beneath the Surface
The real story is in the plumbing paragraph. They note that reserve balances have slipped to the low end of ample and quietly authorize the Desk to buy T-bills as needed to keep reserves from falling too far. That’s the Fed admitting, in a roundabout way, that the cushion in the system is getting thinner than they’re comfortable with.
And the timing matters because the RRP is basically empty now. That means the next big drain with April tax flows plus heavy coupon issuance will pull straight from bank reserves instead of a spare buffer sitting at money funds. If they waited until that pressure actually showed up, they’d risk a 2019 style funding hiccup. So they’re building the cushion early…end QT, cut 25 to keep the optics calm, and quietly stand up a bill purchase valve to keep reserves from sliding.
They’ll insist it’s not QE and mechanically, it isn’t but markets react to marginal liquidity, not the label printed on the tool. A standing willingness to add reserves is a backstop whether they admit it or not.
What the Vote Tells You
This wasn’t a smooth vote. One person wanted 50. Two wanted no cut. That’s the whole emotional map of the Committee right there…some think the labor side is deteriorating faster than the public narrative admits; others still don’t trust the inflation trend enough to ease. The 25 bp move is the compromise that keeps the message “We’re adjusting, not reacting. We’re still in control.”
My Read
This is a pivot toward protecting the labor market, not a victory over inflation. They’re easing through two channels at once, rates and reserves while pretending they’re only doing one. And they’re trying to avoid sending a panic signal by staying predictable and letting the liquidity support happen quietly in the background.
The Fed trying to keep the system stable through a period where the RRP is drained, tax season is coming, issuance is heavy, and reserves can’t take another hit without someone feeling it. They’re calming the surface while quietly reinforcing the foundation.
tweet
The Fed’s Hidden Move And The Cushion Before the April Drain
The Fed went with 25 bps because they’re trying to thread a very specific needle. The economy isn’t collapsing, but the labor market has clearly cooled. Job gains have slowed, unemployment has drifted up, and they openly admit downside risks to employment have risen. That line is doing more work than anything else in the statement, it’s them hinting that the jobs side is now the priority.
At the same time, they also tell you inflation has picked back up and is still somewhat elevated. So they’re easing while admitting inflation isn’t fully fixed. That alone tells you this wasn’t a celebration cut; it was a defensive one. They’d rather risk a little inflation heat than risk tightening straight into a weaker labor market.
The rest of the language like the data dependence, the “we’re watching everything,” the careful tone is their way of saying don’t get ahead of us, don’t assume a path, and don’t treat one cut as a whole cycle.
What They’re Really Signaling Beneath the Surface
The real story is in the plumbing paragraph. They note that reserve balances have slipped to the low end of ample and quietly authorize the Desk to buy T-bills as needed to keep reserves from falling too far. That’s the Fed admitting, in a roundabout way, that the cushion in the system is getting thinner than they’re comfortable with.
And the timing matters because the RRP is basically empty now. That means the next big drain with April tax flows plus heavy coupon issuance will pull straight from bank reserves instead of a spare buffer sitting at money funds. If they waited until that pressure actually showed up, they’d risk a 2019 style funding hiccup. So they’re building the cushion early…end QT, cut 25 to keep the optics calm, and quietly stand up a bill purchase valve to keep reserves from sliding.
They’ll insist it’s not QE and mechanically, it isn’t but markets react to marginal liquidity, not the label printed on the tool. A standing willingness to add reserves is a backstop whether they admit it or not.
What the Vote Tells You
This wasn’t a smooth vote. One person wanted 50. Two wanted no cut. That’s the whole emotional map of the Committee right there…some think the labor side is deteriorating faster than the public narrative admits; others still don’t trust the inflation trend enough to ease. The 25 bp move is the compromise that keeps the message “We’re adjusting, not reacting. We’re still in control.”
My Read
This is a pivot toward protecting the labor market, not a victory over inflation. They’re easing through two channels at once, rates and reserves while pretending they’re only doing one. And they’re trying to avoid sending a panic signal by staying predictable and letting the liquidity support happen quietly in the background.
The Fed trying to keep the system stable through a period where the RRP is drained, tax season is coming, issuance is heavy, and reserves can’t take another hit without someone feeling it. They’re calming the surface while quietly reinforcing the foundation.
Federal Reserve issues #FOMC statement: https://t.co/GHW27inNE3 tweet
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Federal Reserve (@federalreserve) on X
Federal Reserve issues #FOMC statement: https://t.co/GHW27inNE3
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App Economy Insights
RT @EconomyApp: 🍿 Netflix + Warner Bros. 📊
The $83B deal visualized:
• What Netflix is buying
• The bid vs. Paramount
• Who wins & who loses
• Balance sheet madness
• Vertical vs. horizontal merger👇
https://t.co/dGBendVe7H
tweet
RT @EconomyApp: 🍿 Netflix + Warner Bros. 📊
The $83B deal visualized:
• What Netflix is buying
• The bid vs. Paramount
• Who wins & who loses
• Balance sheet madness
• Vertical vs. horizontal merger👇
https://t.co/dGBendVe7H
tweet
EndGame Macro
What the Fed’s $40B Really Signals…Protect the Plumbing
The $40B in Treasury purchases makes perfect sense once you look past the headline and think about the plumbing. QT just ended, the RRP is basically empty, and that buffer is what used to absorb the impact of all the bill and coupon issuance. Now, every dollar Treasury raises comes straight out of the broader financial system, which means it comes out of bank reserves. Powell isn’t trying to juice the economy here, he’s trying to make sure the pipes don’t run dry. With reserves already drifting toward the low end of ample, the Fed is topping up the system before stress shows up in funding markets, not after.
And April is a large reason why they’re moving early. Tax season pulls a massive amount of cash from private bank accounts into the Treasury General Account, which lives at the Fed. When the TGA fills, reserves fall. Combine that with heavy issuance and no RRP left to act as a buffer, and you get a sharp, predictable drain on liquidity. Instead of risking a 2019 style scramble, the Fed is quietly buying a cushion now. It’s simply the Fed making sure the financial system has enough breathing room to get through the spring without something snapping.
tweet
What the Fed’s $40B Really Signals…Protect the Plumbing
The $40B in Treasury purchases makes perfect sense once you look past the headline and think about the plumbing. QT just ended, the RRP is basically empty, and that buffer is what used to absorb the impact of all the bill and coupon issuance. Now, every dollar Treasury raises comes straight out of the broader financial system, which means it comes out of bank reserves. Powell isn’t trying to juice the economy here, he’s trying to make sure the pipes don’t run dry. With reserves already drifting toward the low end of ample, the Fed is topping up the system before stress shows up in funding markets, not after.
And April is a large reason why they’re moving early. Tax season pulls a massive amount of cash from private bank accounts into the Treasury General Account, which lives at the Fed. When the TGA fills, reserves fall. Combine that with heavy issuance and no RRP left to act as a buffer, and you get a sharp, predictable drain on liquidity. Instead of risking a 2019 style scramble, the Fed is quietly buying a cushion now. It’s simply the Fed making sure the financial system has enough breathing room to get through the spring without something snapping.
BREAKING: Fed Chair Powell says the Fed's purchases of US Treasuries may remain elevated for a "few months."
The Fed will begin purchasing $40 billion worth of Treasuries over the next 30 days.
Purchases come just 12 days after Quantitative Tightening ended. tweet
X (formerly Twitter)
The Kobeissi Letter (@KobeissiLetter) on X
BREAKING: Fed Chair Powell says the Fed's purchases of US Treasuries may remain elevated for a "few months."
The Fed will begin purchasing $40 billion worth of Treasuries over the next 30 days.
Purchases come just 12 days after Quantitative Tightening ended.
The Fed will begin purchasing $40 billion worth of Treasuries over the next 30 days.
Purchases come just 12 days after Quantitative Tightening ended.
Offshore
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Fiscal.ai
Monday is successfully moving upmarket.
40% of their revenue now comes from enterprise customers.
Compared to just 11% five years ago.
$MNDY https://t.co/dO1VbeAQye
tweet
Monday is successfully moving upmarket.
40% of their revenue now comes from enterprise customers.
Compared to just 11% five years ago.
$MNDY https://t.co/dO1VbeAQye
tweet