Welcome to Markets Desk, your midday read on what's moving markets and money.
Visa is having a rough year by its own lofty standards, and investors are starting to ask whether the pain creates an entry point. The payments giant generates extraordinary cash flow and has a durable revenue model, but the stock's rare underperformance has valuation watchers paying close attention to whether a margin of safety is finally emerging.
Shifting to corporate insiders, Veracyte's Chief Accounting Officer Jonathan Wygant sold twenty-four thousand shares on May twenty-second, pulling in roughly one point zero nine million dollars at an average price around forty-five dollars and forty cents. Insider sales at that scale tend to draw scrutiny, though they don't always signal bearish conviction — executives sell for many reasons, from tax planning to diversification.
And a story with real economic weight: a new study finds that among Americans between the ages of fifty and sixty-five, roughly a quarter of those laid off in the past decade remain unemployed, while eleven percent took pay cuts just to stay in the workforce. With retirement account access delayed and living costs climbing, older workers are increasingly caught between a labor market that doesn't want them and a financial system that isn't ready for them either.
That's the tape. Markets Desk, signing off the floor.
