Brian Stewart

You had mentioned TaxDay.

Intuit is another one that's been suffering from the SaaSpocalypse concerns.

So it's down 16% in the past week.

It's down about 23% in the past month.

It reached a low in February after its earnings report.

It had soft guidance in there and the stock bounced back following that.

And now it's drifting back below that level.

So it's ticked to a new low recently.

It's lost about half its value so far this year.

So I think that's becoming like...

you know benchmark for the software concerns that we have surrounding ai i think there's just sort of this idea that you know maybe in five years we're all just gonna plug our taxes into chat gpt or whatever and not need to to pay the 60 bucks or whatever it costs to to do turbo tax so i think it's kind of just interesting you know this is kind of coming to a four as as tax day is coming worth mentioning

car car it's a budget or avis budget uh basically a car rental service but it's up 40 in the past week up about 200 in the past month basically it's become a mean stock there was a short squeeze and then you know sort of momentum trading

from there so it's just sort of interesting um you know this was sort of the case when like every once in a while these meme stocks bubble up where you'll get you know these these well-known brands that are otherwise kind of blah stocks that just get um

get a short squeeze behind them.

This is the latest one.

So I think it kind of just shows that there's still that dynamic going on in the market.

There's still the trader instinct.

I think what we've seen in the last, you know, over the course of the whole Iran

situation is um this idea that the the market wants to be risk on but there's so much risk that kind of bubbles up in the world that it it you know makes it difficult to be risk on so the market didn't overreact to the war in iran you know uh crude prices shot up gasoline prices shot up and the and the stocks lost ground but they just sort of drifted lower like there was no sort of like

raising the white flag going back into cash kind of in an aggressive meaningful way and then when you there's a hint of of peace there's a hint that this is going to be resolved you see the market kind of snap back so i just think there's like the overall desire um of investors sort of writ large to um get back to the business of betting on ai and betting on um