⁠The Kobeissi Letter
BREAKING: US stock market futures officially reopen with S&P 500 futures down -2.1%.

This brings total 3-day losses to -12.6%. https://t.co/WHZi72L5Cu
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⁠The Kobeissi Letter
BREAKING: S&P 500 futures extend losses to -4.5% bringing 3-day losses to -15%.

The S&P 500 is on track to open in bear market territory. https://t.co/47lSWr4RcJ
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⁠Quiver Quantitative
BREAKING: Stock market futures just opened, and are deep red again.

Members of Congress sold stock before the tariffs were announced: https://t.co/vavcs1SX7r
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⁠The Kobeissi Letter
The Dow is now down almost -6,000 points in 3 trading days.

This is beyond panic selling. https://t.co/Pj6sdSuOq0
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⁠The Kobeissi Letter
BREAKING: Brokerage firms are sending out circuit breaker warnings as US stock market futures extend 3-day losses to over -15%. https://t.co/NvdR9B0EcY
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⁠The Kobeissi Letter
BREAKING: Russell 2000 futures briefly hit limit down threshold of -7%.

We’re not even in the cash session yet and at limit down levels. https://t.co/OXRXwDWlhF
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⁠The Kobeissi Letter
Current situation:

1. Stock market futures are down -15% in 3 days like we are in a depression

2. Oil prices are trading below $60 like demand has collapsed

3. Gold prices are down $180 in 2 sessions like there's a flight to cash

4. Bond prices are skyrocketing like the economy has halted

5. The Magnificent 7 Index is down -35% like AI hype is over

6. Sentiment is down to March 2020 levels like we are entering a lockdown

This is a mass flight to the sidelines.
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⁠Quiver Quantitative
Marjorie Taylor Greene posted a Venmo link to her followers, shortly after we posted about her Dollar General gains: https://t.co/N6hMsfb6wM

Look at this.

Marjorie Taylor Greene bought Dollar General stock before the tariffs were announced.

$DG has now risen 28% since her purchase. https://t.co/OP56iJ5IFA - Quiver Quantitative
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⁠The Kobeissi Letter
POLL: Do you support President Trump's trade war?

Comment your reasoning below.
- Yes
- No
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⁠The Kobeissi Letter
RT @KobeissiLetter: This is truly insane:

On February 20, JP Morgan CEO Jamie Dimon sold $234 million worth of $JPM stock.

On February 22, Warren Buffett disclosed a record $334 BILLION cash balance.

30 trading days later, the Nasdaq 100 crashed -24%.

How did they know?

(a thread) https://t.co/k6hvmkz3WY
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⁠The Kobeissi Letter
BREAKING: President Trump says he is not making a deal with China unless it solves the trade deficit.

Trump was just asked about the stock market decline and responded, "some times you have to take medicine."

Trump continues to double down on his trade war.
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