⁠The Kobeissi Letter
It's official:

The S&P 500 just CLOSED in correction territory and the Nasdaq 100 is 7% away from its first bear market since 2022.

Over the last 16 trading days, the S&P 500 has erased an average of -$340 billion PER trading day.

Here's what you need to know.

(a thread) https://t.co/1aXJb3SOV6
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⁠Investing visuals
$TTD is hitting lower lows and is now down 🔻61% from its highs. Meanwhile:

🔹 Free cash flow grew 171% Y/Y
🔹 Revenue grew 22% Y/Y
🔹 Net retention remains >95%
🔹 Holds $1.6 billion in cash
🔹 Trades at 33x price/forward FCF https://t.co/gQU0d8y6oM
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⁠The Kobeissi Letter
BREAKING: Gold prices have officially crossed above $3,000/oz for the first time in history. https://t.co/CELedA9VoP

Gold prices are SURGING:

As the S&P 500 has erased $5+ trillion, gold is now set to cross above a record $20 TRILLION in market cap.

Gold has more than QUADRUPLED the S&P 500's return over the last 12 months.

Gold is telling us something. Let us explain.

(a thread) https://t.co/WqihthhhJs - The Kobeissi Letter
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⁠Dimitry Nakhla | Babylon Capital®
Costco stock is down -17% in the past month

$COST starts to look attractive near $575, or -35% below today’s $890 price 💵 https://t.co/D0JQS9EFvA
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⁠Stock Analysis Compilation
Guinness Global Innovators on Siemens Healthineers $SHL GR

Thesis: Siemens Healthineers is well-positioned to capitalize on global healthcare trends with its strong market leadership in imaging technology and a diverse portfolio, backed by recurring revenues and a history of robust growth.

(Extract from their Q4 letter)
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⁠Alvin
Xiaomi 15 Ultra vs vivo X200 Pro
Main Camera, Auto mode. 📸 https://t.co/YKGgojHc9W
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⁠Alvin
My full review of the vivo V50 is coming soon!

Stay tuned. https://t.co/Jb1x1vER8X
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AkhenOsiris
Stock market vigilantes need to keep pressing the idiot-in-chief and his henchmen

BREAKING: Lots of talk in Trump circles about the need for some grand plan to resolve the tariff disputes with Mexico, Canada and Europe that is, cut a deal via one universal settlement. This started bubbling after today's market losses and the growing sentiment that the market upheaval isn't over until this stuff is settled. I have no clue whether this is something the @WhiteHouse is working on, but the chatter among the outside Trump advisers in and around Wall Street and DC is real. The idea is that a compromise --Trump saves face with the base; the trading partners who are now hurting economically because of the uncertainty -- all get relief. The administration then can move on and focus on broader parts of its econ plan ie DOGE budget reductions, tax cuts and deregulation. Story developing - Charles Gasparino
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⁠Capital Employed
43 ‘fresh-off-the-press’ stock pitches we’ve enjoyed reading in the past two weeks 👇

https://t.co/hLr6tNYp8F https://t.co/besuKszeao
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AkhenOsiris
You gonna wait Coreweave?

Breaking: I am told all dealmaking — I mean nearly all IPOs and M&A - has been stalled amid the tariff tantrum. Story developing - Charles Gasparino
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⁠Finding Compounders
In the earliest available Berkshire Hathaway shareholder letter, Buffett states that he believes that return on equity capital is the best suited measure of managerial economic performance . https://t.co/68x66E5JMS
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