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The Kobeissi Letter
BREAKING: The S&P 500 is attempting a rally into the final 30 minutes of trading for the week.
Can bulls get some relief? https://t.co/PNEl8YSfZZ
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BREAKING: The S&P 500 is attempting a rally into the final 30 minutes of trading for the week.
Can bulls get some relief? https://t.co/PNEl8YSfZZ
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The All-In Podcast
Chamath's Three Takeaways from Liberation Day 🇺🇸
1) Trump will go through with the tariffs, don't expect a grand capitulation
-- "Trump has had a 40-year view on tariffs."
-- "They're going to go through with this and they're going to see it through."
-- "I don't think you're going to see this grand capitulation."
2) The White House is okay with short-term volatility in the stock market
-- Remember Bessent's quotes on "Main Street over Wall Street" and re-ordering the international trading system
3) Bond yields are down, which will save us hundreds of billions this year
-- "We have $6T we need to finance in the next nine months."
-- "So the singular goal, in my opinion, of the White House, has been move the 10 year as aggressively and as quickly as possible."
-- As of yesterday... you were kissing 4%."
-- "If it had gone in the other direction, 30 or 40 basis points, and it touched 5%, you're talking about hundreds of billions of dollars of extra money that would not have been found, that would've had to be printed."
-- "Irrespective of what you think you know, or what you think you like about tariffs, we should all have a moment where we exhale because the long end of the curve is giving us a respite in a storm."
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Chamath's Three Takeaways from Liberation Day 🇺🇸
1) Trump will go through with the tariffs, don't expect a grand capitulation
-- "Trump has had a 40-year view on tariffs."
-- "They're going to go through with this and they're going to see it through."
-- "I don't think you're going to see this grand capitulation."
2) The White House is okay with short-term volatility in the stock market
-- Remember Bessent's quotes on "Main Street over Wall Street" and re-ordering the international trading system
3) Bond yields are down, which will save us hundreds of billions this year
-- "We have $6T we need to finance in the next nine months."
-- "So the singular goal, in my opinion, of the White House, has been move the 10 year as aggressively and as quickly as possible."
-- As of yesterday... you were kissing 4%."
-- "If it had gone in the other direction, 30 or 40 basis points, and it touched 5%, you're talking about hundreds of billions of dollars of extra money that would not have been found, that would've had to be printed."
-- "Irrespective of what you think you know, or what you think you like about tariffs, we should all have a moment where we exhale because the long end of the curve is giving us a respite in a storm."
tweet
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The Kobeissi Letter
BREAKING: Senator Ted Cruz, a well known Trump supporter, speaks out against tariffs, says they could cause a "bloodbath" for Republicans in next year's midterm elections. https://t.co/RQAC2jw1qf
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BREAKING: Senator Ted Cruz, a well known Trump supporter, speaks out against tariffs, says they could cause a "bloodbath" for Republicans in next year's midterm elections. https://t.co/RQAC2jw1qf
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The Kobeissi Letter
BREAKING: Attempted S&P 500 rally into the close fails, stocks fall to a new low of the day with the index now down -5.8%. https://t.co/ROBT0PekEw
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BREAKING: Attempted S&P 500 rally into the close fails, stocks fall to a new low of the day with the index now down -5.8%. https://t.co/ROBT0PekEw
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The Kobeissi Letter
BREAKING: The S&P 500 ends the week down -9.1% in its largest weekly drop since March 2020, erasing -$4 TRILLION of market cap.
Today marked the S&P 500 and Nasdaq's worst day since March 2020. https://t.co/h02V2tzMR7
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BREAKING: The S&P 500 ends the week down -9.1% in its largest weekly drop since March 2020, erasing -$4 TRILLION of market cap.
Today marked the S&P 500 and Nasdaq's worst day since March 2020. https://t.co/h02V2tzMR7
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Quiver Quantitative
UPDATE: Before the tariffs were announced, Senator Tommy Tuberville closed out his position in Apple stock.
$AAPL has now fallen 20% since then.
Follow here for alerts on when he buys back in. https://t.co/N8xRkIBcyj
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UPDATE: Before the tariffs were announced, Senator Tommy Tuberville closed out his position in Apple stock.
$AAPL has now fallen 20% since then.
Follow here for alerts on when he buys back in. https://t.co/N8xRkIBcyj
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The Kobeissi Letter
It's official:
The Nasdaq 100 is in a bear market following a -6% drop today, the largest drop since March 2020.
US stocks have now erased a massive -$11 TRILLION since February 19th with recession odds ABOVE 60%.
What does it all mean? Let us explain.
(a thread) https://t.co/NMOqfmKyyP
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It's official:
The Nasdaq 100 is in a bear market following a -6% drop today, the largest drop since March 2020.
US stocks have now erased a massive -$11 TRILLION since February 19th with recession odds ABOVE 60%.
What does it all mean? Let us explain.
(a thread) https://t.co/NMOqfmKyyP
tweet
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The Kobeissi Letter
BREAKING: Dow futures extend losses in after hours trading, now down -2,400 points on the day.
Nasdaq 100 futures are down over -1,200 points for a -6.5% drop.
Next week is going to be incredible. https://t.co/nAcyfL0BEY
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BREAKING: Dow futures extend losses in after hours trading, now down -2,400 points on the day.
Nasdaq 100 futures are down over -1,200 points for a -6.5% drop.
Next week is going to be incredible. https://t.co/nAcyfL0BEY
It's official:
The Nasdaq 100 is in a bear market following a -6% drop today, the largest drop since March 2020.
US stocks have now erased a massive -$11 TRILLION since February 19th with recession odds ABOVE 60%.
What does it all mean? Let us explain.
(a thread) https://t.co/NMOqfmKyyP tweet
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The Kobeissi Letter
BREAKING: China cancelled a deal to sell TikTok to the US this week after President Trump announced "reciprocal tariffs." https://t.co/GnWxOsFK1x
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BREAKING: China cancelled a deal to sell TikTok to the US this week after President Trump announced "reciprocal tariffs." https://t.co/GnWxOsFK1x
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