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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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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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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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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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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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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

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
- The Kobeissi Letter
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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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The Kobeissi Letter
BREAKING: JP Morgan says they expect a US recession in 2025 after this week's events. https://t.co/2bM9cX96XV

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
- The Kobeissi Letter
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The Kobeissi Letter
The Fear & Greed Index closed the week at 4, Extreme Fear.

There has rarely ever been a time in recent history with more fear in the market. https://t.co/VaPjODwwmR
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