The surge in retail-focused private credit funds, projected to reach trillions, poses an industry-wide challenge. 引用[1]
The market shows an unusual divergence: 54.0% of S&P 500 stocks are overbought (highest since June 2025), while simultaneously 26.8% are oversold (highest since October). This dual extreme event is rare, marking only the 13th occurrence since 2007. 引用[2]
Claims that software industry loans, especially private credit, are the “next Lehman moment” are baseless. The sector’s total net assets are $1-2 trillion, dominated by giants like Microsoft, with SMEs representing less than 20% and generally low debt. The entire US leveraged loan market is $1.5 trillion, with software loans likely only $200 billion. 引用[3]
While criticisms about US policy increasingly resembling China’s are common, a silver lining exists: modern leaders, characterized by pragmatism and cynicism, are less likely to produce “idealistic tyrants” like Hitler or Mao. This presents both a problem and a fortunate outcome. 引用[4]
President Trump’s social media post at 7:50 AM ET, attributing a 2% GDP drop to a “Democrat shutdown,” came 40 minutes before the official Q4 2025 GDP data release of +1.4% (below +3.0% expectations). This timing raises questions about a potential data leak. 引用[5]
The Supreme Court’s ruling, deeming President Trump’s tariffs illegal, sets up a “messy” refund process for $150+ billion in potential tariff payouts. 引用[6]
The Supreme Court’s landmark ruling declared President Trump’s “emergency” tariffs illegal, potentially exposing the administration to over $175 billion in tariff refunds. This unprecedented decision sets the stage for significant fallout. 引用[7]
President Trump and his advisors favored the International Emergency Economic Powers Act (IEEPA), believing it grants nearly unlimited authority to impose tariffs on any nation’s goods, thereby leveraging them as swift negotiation tools. 引用[8]
Codex 5.3 outperforms Opus 4.6 for complex tasks, exhibiting advanced “observe-think-decide” capabilities and elevating problem-solving. This makes Codex a game-changer for agent-driven businesses, despite potential risks in development environments. 引用[9]
AI Agency won’t kill SaaS outright, but will render it invisible. Future software sees AI Agents as employees, with SaaS acting as their database and office. The value shift moves from buying software usage rights to purchasing “work completion.” SaaS players must re-evaluate pricing or vertically integrate AI into their platforms. 引用[10]
Zhipu and Minimax are likely sitting on $700-1000 million ARR, yet trade at a staggering 300-500x P/S. A valuation re-rating is coming. 引用[11]
Cantor Fitzgerald’s Q4 2025 holdings reveal notable moves: INTC and ORCL buys appear to be FOMO plays, given their high average acquisition costs. Further, the ONDS increase of 360,000 shares suggests potential manipulation by Howard Lutnick. 引用[12]
While online debates often pit Alysa Liu and Eileen Gu against each other based on national or cultural identity, both are commendable. Their parents exemplify entrepreneurial spirit and dedication to their children’s development. Ultimately, choosing a more lucrative market for professional athletes is a pragmatic business decision, especially considering the self-funded nature of youth sports in the US. 引用[13]