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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
tweet
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
Offshore
Photo
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
tweet
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
Offshore
Photo
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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Offshore
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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
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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 tweet
Offshore
Photo
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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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
tweet
Offshore
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The Kobeissi Letter
BREAKING: Germany is considering withdrawing $124 billion worth of gold from US reserves after President Trump's reciprocal tariffs. https://t.co/RnByoPt4wl
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BREAKING: Germany is considering withdrawing $124 billion worth of gold from US reserves after President Trump's reciprocal tariffs. https://t.co/RnByoPt4wl
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AkhenOsiris
This 😥
Time to make up and adjust formula 🤦🏼♂️
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This 😥
Time to make up and adjust formula 🤦🏼♂️
If you update that fantastic tariff formula for the Vietnam removing tariffs.. the tariff for Vietnam remains exactly the same in that math.. - Random Muppettweet
AkhenOsiris
Based on the newsflow today on the heels of back-to-back massive market losses (this is all over mainstream news, Main St is scared):
- Bessent might be willing to show some fucking spine according to Fox News
- Trump touts Vietnam conversation
- as per @markflowchatter , tech leaders to visit Trump
I would think the risks this weekend are greater to the upside (unlike the past 8 wks, weekend news was always chest thumping and rhetoric). Let's see.
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Based on the newsflow today on the heels of back-to-back massive market losses (this is all over mainstream news, Main St is scared):
- Bessent might be willing to show some fucking spine according to Fox News
- Trump touts Vietnam conversation
- as per @markflowchatter , tech leaders to visit Trump
I would think the risks this weekend are greater to the upside (unlike the past 8 wks, weekend news was always chest thumping and rhetoric). Let's see.
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AkhenOsiris
IPOs shelved
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IPOs shelved
Should Discord, Klarna shelve IPO plans until calmer markets? - AkhenOsiristweet
AkhenOsiris
Sometime in the year 2100:
Ask AI: What was the market's biggest exogenous shock in the last 100 years?
Answer: Believe it or not, it was when an old orange idiot called Donald Trump took office in 2025. He was able to replicate and in some cases outdo the bear markets due to subprime mortgages, terrorist attacks, and a global pandemic. The speed of the drawdown due to Trump's retarded reciprocal tariff proposals was exacerbated in large part because almost all market participants were caught offsides.
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Sometime in the year 2100:
Ask AI: What was the market's biggest exogenous shock in the last 100 years?
Answer: Believe it or not, it was when an old orange idiot called Donald Trump took office in 2025. He was able to replicate and in some cases outdo the bear markets due to subprime mortgages, terrorist attacks, and a global pandemic. The speed of the drawdown due to Trump's retarded reciprocal tariff proposals was exacerbated in large part because almost all market participants were caught offsides.
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