Holy smokes — if you zoom out for five seconds and stop anchoring to headlines, it’s hard to miss what’s happening.
This isn’t a crash.
This isn’t a single “event.”
This is a rolling recession — sector by sector, pocket by pocket, quietly eating the market from the inside.
And the numbers aren’t opinions.
Software as a group? Down ~16% in barely a month.
Fintech darlings? From all-time highs to 30–40% drawdowns like gravity suddenly turned on.
Crypto? Bitcoin still ~40% off highs.
Data center names? Down 30–50%.
Post-COVID consumer stocks? Many never recovered — they just stopped falling for a bit.
This isn’t random. It’s rotation fatigue.
Money runs to the next “safe” corner, overstays its welcome, then gets pulled out again. Over and over. Like a Grim Reaper going door-to-door.
Oracle Was the Canary — Not the Lifeboat
When Oracle announced it would raise $25B in debt and $25B in equity, the initial reaction was applause.
“Great — they’ll have liquidity.”
Except…
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