How is the economy doing?

This is The Startup Breakdown, the newsletter where we learn, laugh, and love startups. By joining this growing community of hundreds of future startup aficionados (think i spelled that right?), you're getting a beachside view of the ocean that is the startup and VC scene. This ain’t your grandpa’s newsletter, so prepare yourself for an inbox full of 4/20 jokes and Succession references.

Happy Thursday, folks.

New espresso machine, and I’m just wondering whether it’s normal to stop feeling your hands after drinking 11 in a two hour span?

How is the economy doing?

Depending on your preferred metric, your answer is going to be completely different.

Some, like the S&P 500 performance, are screaming “leverage the house on Nvidia calls.”

Others, like commercial office vacancy rates, are warning you to bury your head in the sand until the recession runs its course.

What we’re seeing is a market in complete chaos, trying to find itself like an 8th grader tweeting Eminem lyrics and considering a nose piercing.

What is each market saying, and how should we interpret this? Let’s dig in.

Cheers to another day,

Trey