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The Kobeissi Letter
BREAKING: The S&P 500 has officially erased ALL of its post-election gains.

The index has now lost -$3.3 TRILLION since February 19th.

That's -$330 billion PER TRADING DAY for the last 10 days. https://t.co/DgyVQWEfU7
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The Investing for Beginners Podcast
Gross Margins: https://t.co/bYMmrmgV86
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The Kobeissi Letter
BREAKING: Oil prices crash to their lowest level since November 2024 as recession odds rise sharply. https://t.co/CYcqeAPtjq
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The Kobeissi Letter
BREAKING: The Volatility Index, $VIX, is now up +65% since February 20th.

This marks the index's first move above 25 since December 18th. https://t.co/UmTkv4mTmp
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The Kobeissi Letter
WOW.

The Dow Jones Industrial Average is now down -1,700 points in 24 hours.

The S&P 500 is now just ~3% away from entering correction territory.

The Nasdaq is now ~0.5% away from correction territory.

$4 trillion+ of capital has been lost. https://t.co/4uq4GwEUIu
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The Kobeissi Letter
Current situation:

1. Technology stocks are falling like tariffs are here to stay

2. Oil prices are falling to a 4-month low on demand worries

3. Gold prices are rising toward new all time highs on uncertainty

4. Bond prices are rising like rate cuts are back

5. Crypto is falling like billions of retail capital is gone

6. Interest rates are falling like the economy is slowing

The market is pricing-in a recession.
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App Economy Insights
🎬 Streaming trends visualized

👨‍👩‍👧‍👦 Content is still king
💰 Profitability takes center stage
▶️ Ad-supported gains momentum
🛑 Password-sharing crackdown expands

Let’s review 👇
https://t.co/IuDMXvNDKz
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The Kobeissi Letter
BREAKING: Ukrainian President Zelensky says he is ready to sign the US minerals and security agreement at "any time, in any convenient format."

Zelensky also says that it is "regrettable" that his altercation with President Trump occurred.
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The Kobeissi Letter
BREAKING: Ontario is issuing a 25% export tax on electricity to the US, per WSJ.

This impacts 1.5 million homes in Minnesota, Michigan and New York, in retaliation for President Trump's tariffs. https://t.co/ETFGl6x85Y
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The Kobeissi Letter
BREAKING: Crypto markets have now seen -$1 TRILLION of market cap lost since December 18th.

This officially puts crypto in a bear market, down -26% from its all time high. https://t.co/cnmWOx7DPd
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Investing visuals
Celebrate that your favorite stocks are on sale! 🙌

Did you do any buying today? https://t.co/KU4mqVQJnn
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The Kobeissi Letter
BREAKING: Justin Trudeau says Canada is now imposing 25% tariffs on US imports worth $30B CAD.

Additional 25% tariffs on a further $125B CAD of US imports will be imposed over the next 21 days.

Trudeau says that Canada will also look at "non-tariff measures" if US tariffs persist.
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