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The Kobeissi Letter
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7
tweet
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: The S&P 500 posts its worst day since June 2020 and officially closes down -4.8%, its lowest close since August 2024.
The Russell 2000 is officially in a bear market and the Magnificent 7 are down -25% from their high. https://t.co/f1yJtTpqKL
tweet
BREAKING: The S&P 500 posts its worst day since June 2020 and officially closes down -4.8%, its lowest close since August 2024.
The Russell 2000 is officially in a bear market and the Magnificent 7 are down -25% from their high. https://t.co/f1yJtTpqKL
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7 tweet
Offshore
Photo
The Kobeissi Letter
WOW.
Today marked the largest single-day point loss for the Nasdaq 100 in HISTORY.
The index lost a total of -1060 points and came just 1.5% away from triggering the first circuit breaker since March 2020.
Buckle up folks. https://t.co/FeVLOO2Swp
tweet
WOW.
Today marked the largest single-day point loss for the Nasdaq 100 in HISTORY.
The index lost a total of -1060 points and came just 1.5% away from triggering the first circuit breaker since March 2020.
Buckle up folks. https://t.co/FeVLOO2Swp
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7 tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: The European Union is preparing to fine Elon Musk's X $1 billion for "disinformation." https://t.co/oNfD4KcqkD
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BREAKING: The European Union is preparing to fine Elon Musk's X $1 billion for "disinformation." https://t.co/oNfD4KcqkD
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The Kobeissi Letter
BREAKING: Dow Futures extend losses in after hours trade to -1,800 points on the day. https://t.co/5lC4nL1WAV
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BREAKING: Dow Futures extend losses in after hours trade to -1,800 points on the day. https://t.co/5lC4nL1WAV
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Quiver Quantitative
Ted Cruz: “I don’t think it would be a good idea to have tariffs in perpetuity”
https://t.co/zqKPl7R5eA
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Ted Cruz: “I don’t think it would be a good idea to have tariffs in perpetuity”
https://t.co/zqKPl7R5eA
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The Kobeissi Letter
BREAKING: In a poll we conducted with over 60,000 responses, 55% of people currently support President Trump's tariffs. https://t.co/1DySTJfC3A
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BREAKING: In a poll we conducted with over 60,000 responses, 55% of people currently support President Trump's tariffs. https://t.co/1DySTJfC3A
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7 tweet
Offshore
Photo
The Kobeissi Letter
In case you are wondering if capitulation has occurred:
The S&P 500 closed down -4.8% today and the Volatility Index, $VIX, remained below 30.
There has NEVER been a day in history with a 4.5%+ drop in the S&P 500 without the $VIX rising above 30.
Selling has been ORDERLY. https://t.co/gJWq0Bv3eV
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In case you are wondering if capitulation has occurred:
The S&P 500 closed down -4.8% today and the Volatility Index, $VIX, remained below 30.
There has NEVER been a day in history with a 4.5%+ drop in the S&P 500 without the $VIX rising above 30.
Selling has been ORDERLY. https://t.co/gJWq0Bv3eV
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7 tweet