So what does this mean for technology? Well there are 3 huge IPOs supposed to go out this year. This hurts liquidity and clogs the pipes. And then for early stage venture, where I work, it will be harder to raise funds and move new ventures forward. Especially given the extreme shifting of public assets to loyalists. Overall it’s a bleak time for American exceptionalism. The only companies that are in vogue are AI an…
Not even defenses. How is RTX down?
This all seems structural, as indicates that in the middle of a war even military stocks are down, which indicates deep rot or deep lack of confidence in at least the stock market.