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The Kobeissi Letter
BREAKING: Japan’s stock market surges over +6% at the open. https://t.co/V51UsoBsfV
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BREAKING: China's Commerce Ministry releases statement stating they "will fight to the end" if the US insists on tariffs.

China says it vows necessary actions to defend its rights.
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The Kobeissi Letter
BREAKING: Stock market futures pare gains as China releases statement saying they “will fight to the end” against tariffs.

President Trump is set to impose a whopping 84% tariff increase on China beginning April 9th. https://t.co/oceKDajY8e
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The Kobeissi Letter
Amid all the noise today, markets barely reacted to perhaps the biggest news of the trade war thus far:

President Trump threatening ADDITIONAL 50% tariffs on China is huge news.

This means 20% + 34% + 50% tariffs on China for a total of 104%.

The United States imports a total of $439 BILLION from China per year.

China has until April 8th to drop their 34% tariff on China or President Trump says these tariffs will go live.

Minutes ago, China said they "will fight until the end" against Trump's tariffs.

Amid all the noise, trade war tensions hit a new high today.
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Quiver Quantitative
Marjorie Taylor Greene just said that people panicking over the tariffs are losers and failures.

Greene bought stock in Dollar General before the tariffs were announced.

$DG is up 28% since then: https://t.co/nO0144MMI2
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Finding Compounders
Chris Cerrone’s Book Recommendations https://t.co/E1X2oHeOGj
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Current average valuations around the world, courtesy of Idea Farm.

Thailand SET has not been this cheap since 2011.

Many South American countries still looking cheap.
HK and Poland still cheap.

Japan not as cheap as it once was. US and India still looking expensive. https://t.co/pNYZtbD27x
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BREAKING: US Treasury Secretary Bessent says China's escalation was a "big mistake" and they are playing with a "losing hand."

This comes after China vowed to "fight until the end" last night in response to Trump threatening to raise tariffs by another 50%.
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BREAKING: Dow futures extend gains to over +1,000 points with the S&P 500 set to open over +2% higher. https://t.co/iOcaEr74qm
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Capital Employed
What companies have you been buying in this current market drawdown?
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BREAKING: Bill Ackman says he is now "advocating for a 30, 60, or 90-day pause before the tariffs are implemented tomorrow." https://t.co/3ZeBwCh1ox
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