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The Kobeissi Letter
President Trump told us the truth all along:
He's not watching the stock market, he's watching the bond market.
It's all about interest rates right now.
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President Trump told us the truth all along:
He's not watching the stock market, he's watching the bond market.
It's all about interest rates right now.
We now know Trump's TOP economic priority:
For weeks, President Trump said there would be NO tariff delay, even as stocks erased $12+ TRILLION.
Then, the bond market BROKE and a 90-day tariff pause was implemented 12 hours later.
Keep watching bonds.
(a thread) https://t.co/M3AltQqjee tweet
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Finding Compounders
Warren Buffett on why Berkshire invested in railroads
“ You can’t move the railroad to China or India “ https://t.co/2D477G6cyF
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Warren Buffett on why Berkshire invested in railroads
“ You can’t move the railroad to China or India “ https://t.co/2D477G6cyF
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The Kobeissi Letter
Lots of headlines and rumors about Trump "asking the Supreme Court to fire Powell."
Here's what really happened:
President Trump asked the Supreme Court to "let him fire top officials at 2 independent agencies," per Bloomberg.
This *could* test whether Trump has the power to fire Fed Chair Powell.
Trump did NOT explicitly ask to fire Powell.
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Lots of headlines and rumors about Trump "asking the Supreme Court to fire Powell."
Here's what really happened:
President Trump asked the Supreme Court to "let him fire top officials at 2 independent agencies," per Bloomberg.
This *could* test whether Trump has the power to fire Fed Chair Powell.
Trump did NOT explicitly ask to fire Powell.
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The Kobeissi Letter
BREAKING: Consumer egg prices in the US rise to a new record high, up another 5.6% in March, per Bloomberg.
Retailers are reportedly worried about supply. https://t.co/D55OXnZCcb
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BREAKING: Consumer egg prices in the US rise to a new record high, up another 5.6% in March, per Bloomberg.
Retailers are reportedly worried about supply. https://t.co/D55OXnZCcb
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The Kobeissi Letter
The only asset that has told a consistent story for the last 6+ months:
Gold. https://t.co/XdyTQINhZU
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The only asset that has told a consistent story for the last 6+ months:
Gold. https://t.co/XdyTQINhZU
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Value Spotlight (Andrew Sather)
Is it ever forgivable when ROIC < WACC?
Case study: $AMD https://t.co/8P5cQEFtRq
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Is it ever forgivable when ROIC < WACC?
Case study: $AMD https://t.co/8P5cQEFtRq
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The Kobeissi Letter
RT @TKL_Adam: After a brief intermission:
We’re back on track for 8% mortgages and a recession.
The real “trade war” is Trump versus the bond market. https://t.co/og57mmvGmc
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RT @TKL_Adam: After a brief intermission:
We’re back on track for 8% mortgages and a recession.
The real “trade war” is Trump versus the bond market. https://t.co/og57mmvGmc
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The Kobeissi Letter
Truly incredible:
The 10Y Note Yield and S&P 500 are trading almost perfectly in-line with each other since April 8th.
Key takeaway?
The market's only hope to pressure Trump to end the trade war is higher rates.
In a way, higher rates are now bullish for stocks. https://t.co/wELcwGWnuI
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Truly incredible:
The 10Y Note Yield and S&P 500 are trading almost perfectly in-line with each other since April 8th.
Key takeaway?
The market's only hope to pressure Trump to end the trade war is higher rates.
In a way, higher rates are now bullish for stocks. https://t.co/wELcwGWnuI
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The Kobeissi Letter
BREAKING: Gold surges to a new all time high of $3,210/oz, now up over +90% since October 2022. https://t.co/Hzcb2mch3B
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BREAKING: Gold surges to a new all time high of $3,210/oz, now up over +90% since October 2022. https://t.co/Hzcb2mch3B
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