TMT Breakout

TMT Breakout

Share this post

TMT Breakout
TMT Breakout
TMTB EOD Wrap
Copy link
Facebook
Email
Notes
More

TMTB EOD Wrap

TMT Breakout's avatar
TMT Breakout
Mar 19, 2025
∙ Paid
4

Share this post

TMT Breakout
TMT Breakout
TMTB EOD Wrap
Copy link
Facebook
Email
Notes
More
Share

QQQs +1.3% gaining back some of yesterday’s losses as Powell sounded fine threw in the word “uncertainty” in the prepared remarks and several times during the Q&A.

VitalKnowledge, as always, lays out a great summary:

Powell sounded confident/comfortable on the state of the economy at the present time, calling conditions “strong” with “solid” labor trends. However, he acknowledged a “heightened” level of uncertainty on the outlook (as the White House makes substantial changes on trade, immigration, fiscal policy, and regulations) and warned that this could lead to a degradation in spending/investment…but Powell said the odds of recession are not high

The 2 year dipped 6bps while 10 year fell 3bps. BTC +7% popping above $85k. Strength across the board in Tech as both non-profitable tech and TMT mo rallied.

Let’s get to the recap…


Internet

Ad names underperformed again as investors continue to worry about a pot’l slow down here: RDDT -17bps; META +30bps as Yipit put out an initial estimate above street but only took into account data through end of Feb; PINS +1%

ROKU +7% the standout as Clev says advertisers upbeat on CPM reductions as home screen helping ROKU compete

Keep reading with a 7-day free trial

Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 TMT Breakout
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More