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The Kobeissi Letter
A trade war electricity blackout?

Ontario Premier Doug Ford just now: “If the US escalates, I will not hesitate to shut the electricity off completely.”

This comes just minutes after President Trump DOUBLED tariffs on steel and aluminum to the US from Canada, to 50%.

The US imported 27,220,531 megawatt hours of electricity from Canada in 2024.

Over 1.5 MILLION US households are currently at risk of losing electricity.

The trade war has escalated to a new level, now threatening electricity for millions.

Buckle up.

WOW.

Canada has threatened to SHUT OFF electricity to part of the US after Trump raised tariffs to 50% on aluminum and steel.

In response, Trump says Canada "will pay a financial price so big that it will be read about in History Books."

Buckle up. https://t.co/Cnzb4pLysv
- The Kobeissi Letter
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BREAKING: The S&P 500 falls to a new low of 2025 as Canada threatens to shut down electricity supply to 1.5 million American households.

This is in response to Trump's latest 50% tariffs on aluminum and steel.

The S&P 500 is 10 points away from entering correction territory. https://t.co/SQ1QkjONQS
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The Kobeissi Letter
BREAKING: Canada's newly elected Prime Minister Mark Carney says he will maintain tariffs on the US until "Americans show us respect."

BREAKING: The S&P 500 falls to a new low of 2025 as Canada threatens to shut down electricity supply to 1.5 million American households.

This is in response to Trump's latest 50% tariffs on aluminum and steel.

The S&P 500 is 10 points away from entering correction territory. https://t.co/SQ1QkjONQS
- The Kobeissi Letter
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Investing visuals
Which one is your favorite right now? https://t.co/orNfFKFcXP
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The Kobeissi Letter
BREAKING: Iranian President Pezeshkian to Trump just now: "I won’t even negotiate with you under threats, do whatever the hell you want." https://t.co/gIsRxwXwWi
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The Kobeissi Letter
BREAKING: The S&P 500 has officially entered correction territory, now down -10% from its all time high. https://t.co/IhkHxJRjUJ
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The Kobeissi Letter
The White House minutes after the S&P 500 enters correction territory:

The stock market is "in a period of transition."

If you haven't read the below thread, you are missing some crucial context.

We have witnessed a MAJOR pivot in President Trump's view of the market.

Does the US government WANT a recession?

In 2025, $9.2 TRILLION of US debt will either mature or need to be refinanced.

The quickest way to LOWER rates ahead of this colossal refinancing would be a recession.

Could the US benefit from a market crash?

(a thread) https://t.co/fjnHcTljFX
- The Kobeissi Letter
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The Kobeissi Letter
The Dow Jones Industrial Average is now down -1,700 points in 28 hours. https://t.co/ilqVU9vcgW
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Alvin
Wait...

A PERISCOPE TELEPHOTO LENS on the REGULAR Google Pixel 10???
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