Hi and welcome to the monthly macro newsletter! I am writing to you from Tel Aviv, where I have spent most of the past two weeks in safe rooms and underground bomb shelters. With a pause in missiles raining down on Tel Aviv, the biggest question for me right now

Hello, Fintech Friends! The IPO window is open again. In just a couple of months, we’ve seen three IPOs and one SPAC listing: a stablecoin issuer Circle, neobank Chime, and two brokerages, eToro and Webull. The market welcomed them warmly, bringing fresh optimism for fintech nerds like me. However,

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