⁠The Kobeissi Letter
BREAKING: China urges the US to "immediately" cancel reciprocal tariffs or they will take "counter-measures."

Reciprocal tariffs on reciprocal tariffs should begin within the next 24 hours.

"Reciprocal tariffs" are officially HERE:

President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.

S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.

What just happened? Let us explain.

(a thread) https://t.co/S4pmsDweNB - The Kobeissi Letter
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⁠The Kobeissi Letter
After 3+ years of compounding inflation:

2025 is the year when President Trump, Fed Chair Powell, and Treasury Secretary Bessent all came to the same conclusion.

A recession is the only remaining way for inflation AND rates to fall. https://t.co/mZzdNcoLEJ
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⁠The Kobeissi Letter
BREAKING: UBS says a permanent implementation of President Trump's reciprocal tariffs would result in inflation rising to 5%.

This would be a result of prices rising to "adjust to the higher costs of imports."

We are on the verge of 5% inflation and negative GDP growth.
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⁠The Kobeissi Letter
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.

"Reciprocal tariffs" are officially HERE:

President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.

S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.

What just happened? Let us explain.

(a thread) https://t.co/S4pmsDweNB - The Kobeissi Letter
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⁠Finding Compounders
Michael Burry’s Ross Stores( $ROST) write up in 2000 https://t.co/a58FThmt9F
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⁠Finding Compounders
The Power Of Negative Thinking

Jim Chanos https://t.co/G9YiB34yzr
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⁠Hidden Value Gems
Not writing on the mini crash as I am enjoying the Value Spain conference, adding some very interesting names to my Buy List 📝 https://t.co/dzVorIyc3v
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⁠The Kobeissi Letter
RT @TKL_Adam: You know something is wrong when even gold is down -2% today.

This is a mass flight to the sidelines. https://t.co/r695lMBbfu
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⁠The Kobeissi Letter
We just witnessed history:

After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.

Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.

Are you ready for what's next?

(a thread) https://t.co/kOLjN5xNnj
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