1. Fear from Investors
Ryan Detrick
2. Market Volume Skyrocketing
The Kobeissi Letter
3. Maturity Wall for Private Tech Lending
Dave Lutz Jones Trading PRIVATE MARKETS PAIN– The software problem roiling private markets is about to face a big new test. A wall of debt maturities is looming for the industry just as artificial intelligence threatens to upend entire businesses in what’s been dubbed the SaaSpocalypse.
More than $330 billion of high yield, leveraged loan and business development company-linked software and technology debt is coming due for repayment through 2028, a chunk of it tied to firms owned by private markets. As companies look to refinance in the coming months, they face numerous headwinds, from fears about AI devaluing or replacing their products to the risk of higher borrowing costs spurred by the war in the Middle East.
4. IPO ETF 5 Years in Big Circle…13k Private Equity Held Companies Held for Over 7 Years?
StockCharts
5. Big Tech Seeing Valuation Re-Set, But Still 2nd Most Outperformers
The Irrelevant Investor
6. Palantir at Big Support Level Here -36% from Highs
StockCharts
7. Intel INTC Full Breakout
StockCharts
8. Connecticut Biggest Housing Shortage in U.S.
Nick Gerli
9. Morality of Fellow Citizens
Visual Capitalist
10. Print Books Still Lead
Pew Research Center