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The Kobeissi Letter
US consumers' expectations about personal finances over the next year have dropped to the lowest on record.
The index of financial situation expectations is 8% below the lowest level seen during the 2008 Financial Crisis.
In other words, not even the most severe recession since the Great Depression of the 1930s saw such pessimistic views.
Americans’ outlook has sharply deteriorated as uncertainty in the economy and financial markets has risen.
This, in turn, may significantly impact consumer spending which accounts for over 66% of US GDP.
Americans have rarely been so pessimistic about their finances.
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US consumers' expectations about personal finances over the next year have dropped to the lowest on record.
The index of financial situation expectations is 8% below the lowest level seen during the 2008 Financial Crisis.
In other words, not even the most severe recession since the Great Depression of the 1930s saw such pessimistic views.
Americans’ outlook has sharply deteriorated as uncertainty in the economy and financial markets has risen.
This, in turn, may significantly impact consumer spending which accounts for over 66% of US GDP.
Americans have rarely been so pessimistic about their finances.
tweet
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Dimitry Nakhla | Babylon Capital®
To our knowledge, Babylon Capital® is the only investment management firm that has:
1. Made the call to buy amid peak fear
2. See a top 5 S&P 500 one-day gain since 1945, within 5 days of that call
___
March 20, 2020 | March 24, 2020 +9.38%
April 5, 2025 | April 9 2025 +9.52% https://t.co/T74vsWLjxO
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To our knowledge, Babylon Capital® is the only investment management firm that has:
1. Made the call to buy amid peak fear
2. See a top 5 S&P 500 one-day gain since 1945, within 5 days of that call
___
March 20, 2020 | March 24, 2020 +9.38%
April 5, 2025 | April 9 2025 +9.52% https://t.co/T74vsWLjxO
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Quiver Quantitative
Representative Joe Neguse: Members of Congress shouldn’t be trading stocks
https://t.co/MFe1dubdLB
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Representative Joe Neguse: Members of Congress shouldn’t be trading stocks
https://t.co/MFe1dubdLB
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Finding Compounders
Warren Buffett famously said he is 85% Benjamin Graham and 15% Phil Fisher.
Here are Phil Fisher’s 15 Points to Look for in a Common Stock https://t.co/Sv1IJl5GU6
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Warren Buffett famously said he is 85% Benjamin Graham and 15% Phil Fisher.
Here are Phil Fisher’s 15 Points to Look for in a Common Stock https://t.co/Sv1IJl5GU6
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The All-In Podcast
TOMORROW NIGHT!: celebrity jeopardy semifinals featuring our guy @friedberg
🗓️ date: weds, april 16
🕘 time: 9et / 8ct
📺 channel: abc
🚨 SET A REMINDER!
#CelebrityJeopardy @Jeopardy https://t.co/tyli1TiuJA
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TOMORROW NIGHT!: celebrity jeopardy semifinals featuring our guy @friedberg
🗓️ date: weds, april 16
🕘 time: 9et / 8ct
📺 channel: abc
🚨 SET A REMINDER!
#CelebrityJeopardy @Jeopardy https://t.co/tyli1TiuJA
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The Kobeissi Letter
BREAKING: The US budget deficit dropped $76 billion year-over-year in March, to $161 billion, the lowest in 5 years.
This comes as total government receipts increased 11% to $368 billion while spending declined 7% to $528 billion, per ZeroHedge.
This was a significant improvement from a $307 billion budget gap seen in February, the second-largest in history.
For the first 6 months of the Fiscal Year 2025, the total deficit now stands at $1.3 trillion, the second-highest on record.
Only 2021 saw a higher 6-month deficit of $1.7 trillion in the recovery from the pandemic.
Is government spending finally slowing?
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BREAKING: The US budget deficit dropped $76 billion year-over-year in March, to $161 billion, the lowest in 5 years.
This comes as total government receipts increased 11% to $368 billion while spending declined 7% to $528 billion, per ZeroHedge.
This was a significant improvement from a $307 billion budget gap seen in February, the second-largest in history.
For the first 6 months of the Fiscal Year 2025, the total deficit now stands at $1.3 trillion, the second-highest on record.
Only 2021 saw a higher 6-month deficit of $1.7 trillion in the recovery from the pandemic.
Is government spending finally slowing?
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The Kobeissi Letter
BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. https://t.co/SZwoytMjn5
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BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. https://t.co/SZwoytMjn5
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The Kobeissi Letter
Nvidia, $NVDA, was the world's largest company just months ago, worth nearly $3.7 trillion.
Today, it's at the center of the largest trade war in US history.
The US government imposing a single export license requirement just cost Nvidia $5.5 BILLION in Q1 alone.
President Trump is going all-in.
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Nvidia, $NVDA, was the world's largest company just months ago, worth nearly $3.7 trillion.
Today, it's at the center of the largest trade war in US history.
The US government imposing a single export license requirement just cost Nvidia $5.5 BILLION in Q1 alone.
President Trump is going all-in.
BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. https://t.co/SZwoytMjn5 tweet
Offshore
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The Kobeissi Letter
BREAKING: Nasdaq 100 futures fall -250 points as the US government bans the sale of Nvidia’s H20 chips to China. https://t.co/BLAt33jJZL
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BREAKING: Nasdaq 100 futures fall -250 points as the US government bans the sale of Nvidia’s H20 chips to China. https://t.co/BLAt33jJZL
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