In today’s briefing:
- Global Markets: Why This Sell-Off Is Different. UPDATE
- MNTN IPO Preview: Fidelity-Backed Category Creator of Performance TV, Watch This Offering Closely

Global Markets: Why This Sell-Off Is Different. UPDATE
- We revisit key cross-asset signals as traditional safe havens fail to respond in familiar ways.
- The past 8 days have delivered a combination of asset moves with few, if any, historical parallels.
- With trust in U.S. safe haven assets under pressure, we explore emerging themes and ramifications.
MNTN IPO Preview: Fidelity-Backed Category Creator of Performance TV, Watch This Offering Closely
- MNTN, Inc. (pronounced “mountain”), leader in OTT advertising software and first mover of PTV in the United States, filed to go public.
- Founder-Led adtech company was backed by Fidelity, BlackRock, Greycroft, SV Angel, Qualcomm Ventures, and Baroda Ventures, among others.
- I like the company’s leadership position, high growth, FCF positive business and $60B+ near-term market opportunity centering around SMBs in the United States.
