Apps investing recent market breadth analysis tied to

Recent market breadth analysis tied to "apps investing" transactions points to wider participation in small-cap equities, a pattern historically linked with the early stages of risk-on cycles. Buffett’s appreciation for value extends to a good deal. The less he can pay for a quality stock, the better. Quality is still the priority since it isn’t a good deal if it doesn’t benefit you down the road. In a recent interview, I spoke with Erez Druk, CEO of Freed , about this shift and his perspective was eye-opening—enough to reframe how I think about artificial intelligence and its impact on the entire economy. The implications touch capital allocation (it may be time to rethink exposure to legacy seat-based SaaS and EHR vendors) and, more importantly, how every entrepreneur runs a company and structures time in an agent-first world. In June’s last trading week, "apps investing" order flow showed a tilt towards defensive sectors, with healthcare ETFs seeing 19% higher inflows. Traders appear to be hedging ahead of the upcoming Fed policy update.