Squawk on the Street Stocks Extend Record Run, CoreWeave Falls Despite Beat, Bullish CEO on IPO 8/13/25
Aug 13, 2025
Tom Farley, CEO of Bullish and former president of the New York Stock Exchange, shares insights on the crypto landscape as Bullish prepares for its public debut. He discusses how the exchange is leveraging stablecoins to attract investors amidst a dynamic market. The conversation highlights the recent stock market rally, interest rate speculation, and the implications of tech valuation trends. Additionally, the ongoing rivalry between Elon Musk and Sam Altman adds a layer of excitement to the tech industry narrative.
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Market Rally Fueled By Rate-Cut Speculation
- Treasury Secretary floated a half-point Fed cut in September, fueling speculation of earlier easing.
- That pushed small caps and risk assets higher as traders priced in faster rate relief.
Banks Monetize AI Infrastructure Financing
- Investment banks profit from advising and underwriting massive data-center financings tied to AI infrastructure.
- Debt and equity packages (e.g., PIMCO, Blue Owl) are central to scaling these facilities.
Wait Out The Lockup Event
- Avoid buying CoreWeave right before the lockup expiration as selling pressure may hit the float.
- Wait for post-lockup price discovery before committing new capital into the name.