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Fiscal.ai
Here are some high-profile software stocks down 20% or more YTD:
$PAYC -21%
$NOW -23%
$ADBE -27%
$CRM -30%
$MNDY -35%
$TEAM -39%
$HUBS -47% https://t.co/enlCu5LsdC
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Here are some high-profile software stocks down 20% or more YTD:
$PAYC -21%
$NOW -23%
$ADBE -27%
$CRM -30%
$MNDY -35%
$TEAM -39%
$HUBS -47% https://t.co/enlCu5LsdC
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EndGame Macro
What stands out isn’t any single chart, it’s that all of these very different assets have been drifting in the same direction for months. BNP is down double digits. Visa is down about the same. Bitcoin, which is supposed to be the wild outlier, is right there with them. When banks, global payment rails, and crypto all start moving together, it usually means the story isn’t about the assets themselves but more about the environment around them.
BNP rolling over like this tells you Europe’s financial system is feeling the squeeze. It’s not a panic move, it’s a steady repricing…slower growth, tighter funding, and maybe the market finally acknowledging how vulnerable European banks are to any disruption in dollar liquidity.
Visa tells the same story from a different angle. It’s tied to global consumption, cross border spending, and the smooth functioning of the payment system. When Visa weakens for months, it’s the market quietly marking down expectations for economic momentum and transaction growth.
And then Bitcoin, for all the narratives attached to it, is behaving like a classic high beta liquidity barometer. It topped out, tried to push higher, and then rolled over hard. That’s usually what happens when marginal liquidity dries up and speculative demand steps back.
Overlay all of that with the dollar chart, and you start to see the common thread. DXY isn’t exploding higher, but it’s stopped falling and is slowly firming up. A grinding, strengthening dollar tightens conditions everywhere outside the U.S. starting with European banks and anything global that relies on smooth dollar funding.
It doesn’t take a crisis to move markets. Sometimes the tone shifts just enough, the dollar strengthens, growth slows a little, liquidity isn’t as easy and the things that depend on that liquidity begin to leak.
That’s the feel of this tape. Not a crash. Not a blow up. Just a slow recalibration as the market starts to price a world where global liquidity isn’t as generous, growth isn’t as effortless, and the dollar quietly reclaims gravity over everything else. @levenson_david
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What stands out isn’t any single chart, it’s that all of these very different assets have been drifting in the same direction for months. BNP is down double digits. Visa is down about the same. Bitcoin, which is supposed to be the wild outlier, is right there with them. When banks, global payment rails, and crypto all start moving together, it usually means the story isn’t about the assets themselves but more about the environment around them.
BNP rolling over like this tells you Europe’s financial system is feeling the squeeze. It’s not a panic move, it’s a steady repricing…slower growth, tighter funding, and maybe the market finally acknowledging how vulnerable European banks are to any disruption in dollar liquidity.
Visa tells the same story from a different angle. It’s tied to global consumption, cross border spending, and the smooth functioning of the payment system. When Visa weakens for months, it’s the market quietly marking down expectations for economic momentum and transaction growth.
And then Bitcoin, for all the narratives attached to it, is behaving like a classic high beta liquidity barometer. It topped out, tried to push higher, and then rolled over hard. That’s usually what happens when marginal liquidity dries up and speculative demand steps back.
Overlay all of that with the dollar chart, and you start to see the common thread. DXY isn’t exploding higher, but it’s stopped falling and is slowly firming up. A grinding, strengthening dollar tightens conditions everywhere outside the U.S. starting with European banks and anything global that relies on smooth dollar funding.
It doesn’t take a crisis to move markets. Sometimes the tone shifts just enough, the dollar strengthens, growth slows a little, liquidity isn’t as easy and the things that depend on that liquidity begin to leak.
That’s the feel of this tape. Not a crash. Not a blow up. Just a slow recalibration as the market starts to price a world where global liquidity isn’t as generous, growth isn’t as effortless, and the dollar quietly reclaims gravity over everything else. @levenson_david
Gravity or decaying Vega https://t.co/GL7pwzGKfv tweet
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Fiscal.ai
Adobe just announced that it plans to acquire the online visibility management platform Semrush for $1.9B in an all-cash deal.
That's ~4x ARR.
$SEMR +74.6% $ADBE -1.9% https://t.co/ZWGtvqyzk6
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Adobe just announced that it plans to acquire the online visibility management platform Semrush for $1.9B in an all-cash deal.
That's ~4x ARR.
$SEMR +74.6% $ADBE -1.9% https://t.co/ZWGtvqyzk6
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Quiver Quantitative
BREAKING: Representative Gil Cisneros just filed dozens of new trades.
He bought up to $100K of stock in the Chinese company Alibaba, $BABA.
Cisneros sits on the House Armed Services Committee. https://t.co/TaGxliJgy7
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BREAKING: Representative Gil Cisneros just filed dozens of new trades.
He bought up to $100K of stock in the Chinese company Alibaba, $BABA.
Cisneros sits on the House Armed Services Committee. https://t.co/TaGxliJgy7
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Fiscal.ai
In the 5 months since Wix acquired the vibe-coding platform Base44, they've increased their ARR more than 10x.
"With only a few million of ARR at the time of acquisition, Base44 is on track to generate at least $50M of ARR by the end of 2025."
$WIX https://t.co/jycrzWn6jl
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In the 5 months since Wix acquired the vibe-coding platform Base44, they've increased their ARR more than 10x.
"With only a few million of ARR at the time of acquisition, Base44 is on track to generate at least $50M of ARR by the end of 2025."
$WIX https://t.co/jycrzWn6jl
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WealthyReadings
$TMDX just needed a little push from its CEO to finally catch a bid.
More much to come and the stock remains cheap even after this push. Still the best opportunity on the market. https://t.co/GFb40IXyYG
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$TMDX just needed a little push from its CEO to finally catch a bid.
More much to come and the stock remains cheap even after this push. Still the best opportunity on the market. https://t.co/GFb40IXyYG
🚨 $TMDX CEO Waleed H dropped another $1M of his own cash on the open market to buy shares.
Insiders sell for many reasons, but buy for one reason only.
$TMDX is now more than 30% of my portfolio and remains the best name on the market.
🔹 Rapid growth & expanding margins
🔹 Multiple new growth verticals
🔹 Recession proof business model
🔹 Strong winter seasonality
🔹 Competition acquirerd 20×+ sales
And I continue to expect them to crush Q4 and FY25 guidance as flight data remains really strong.
https://t.co/5UcptTuGHT
There's no such thing as a free lunch in the market. But $TMDX is getting close to it and my money is where my mouth is. tweet