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The Kobeissi Letter
BREAKING: Restoration Hardware stock, $RH, collapses -44% as tariffs are announced and the company misses earnings expectations. https://t.co/K18CoDiROa
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BREAKING: Restoration Hardware stock, $RH, collapses -44% as tariffs are announced and the company misses earnings expectations. https://t.co/K18CoDiROa
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Quiver Quantitative
BREAKING: Senators Chuck Grassley (R) and Maria Cantwell (D) are introducing legislation to require Congress to approve all new tariffs within 60 days https://t.co/iDDbBVIZMS
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BREAKING: Senators Chuck Grassley (R) and Maria Cantwell (D) are introducing legislation to require Congress to approve all new tariffs within 60 days https://t.co/iDDbBVIZMS
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The Kobeissi Letter
BREAKING: Dow losses now exceed -1500 points on the day with the S&P 500 down -4.3%. https://t.co/XiqbcZP0BC
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BREAKING: Dow losses now exceed -1500 points on the day with the S&P 500 down -4.3%. https://t.co/XiqbcZP0BC
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The Kobeissi Letter
BREAKING: The Nasdaq 100’s decline officially exceeds -1,000 points on the day, now 2% away from entering a bear market. https://t.co/N86fn59U7U
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BREAKING: The Nasdaq 100’s decline officially exceeds -1,000 points on the day, now 2% away from entering a bear market. https://t.co/N86fn59U7U
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The Kobeissi Letter
BREAKING: The Nasdaq 100 is now 1.3% away from a "circuit breaker" triggering.
This would PAUSE trading for 15 minutes if the drop occurs before 3:25 PM ET.
See our thread below for more details.
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BREAKING: The Nasdaq 100 is now 1.3% away from a "circuit breaker" triggering.
This would PAUSE trading for 15 minutes if the drop occurs before 3:25 PM ET.
See our thread below for more details.
A reminder on how market Circuit Breakers work:
With many retail investors now facing their first potential bear market, Circuit Breakers are back in discussion.
1. Circuit Breaker 1: If the S&P 500 falls -7% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.
2. Circuit Breaker 2: If the S&P 500 falls -13% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.
3. Circuit Breaker 3: If the S&P 500 falls -20% below the previous day’s close, trading stops for the remainder of the day, regardless of what time it is.
NOTE: For Circuit Breakers 1 and 2, if the S&P 500 falls -7% or -13% AFTER 3:25 PM ET, trading will NOT stop.
These thresholds also apply for the Dow 30 and Nasdaq 100 indices. tweet
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The Kobeissi Letter
RT @KobeissiLetter: A reminder on how market Circuit Breakers work:
With many retail investors now facing their first potential bear market, Circuit Breakers are back in discussion.
1. Circuit Breaker 1: If the S&P 500 falls -7% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.
2. Circuit Breaker 2: If the S&P 500 falls -13% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.
3. Circuit Breaker 3: If the S&P 500 falls -20% below the previous day’s close, trading stops for the remainder of the day, regardless of what time it is.
NOTE: For Circuit Breakers 1 and 2, if the S&P 500 falls -7% or -13% AFTER 3:25 PM ET, trading will NOT stop.
These thresholds also apply for the Dow 30 and Nasdaq 100 indices.
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RT @KobeissiLetter: A reminder on how market Circuit Breakers work:
With many retail investors now facing their first potential bear market, Circuit Breakers are back in discussion.
1. Circuit Breaker 1: If the S&P 500 falls -7% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.
2. Circuit Breaker 2: If the S&P 500 falls -13% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.
3. Circuit Breaker 3: If the S&P 500 falls -20% below the previous day’s close, trading stops for the remainder of the day, regardless of what time it is.
NOTE: For Circuit Breakers 1 and 2, if the S&P 500 falls -7% or -13% AFTER 3:25 PM ET, trading will NOT stop.
These thresholds also apply for the Dow 30 and Nasdaq 100 indices.
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BREAKING: The European Union announces that they are ready with "countermeasures" to President Trump's reciprocal tariffs. https://t.co/V8wTeXhff5
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BREAKING: The European Union announces that they are ready with "countermeasures" to President Trump's reciprocal tariffs. https://t.co/V8wTeXhff5
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The Kobeissi Letter
RT @TKL_Adam: It's not every day you see oil prices trading -8% lower.
Oil markets are pricing-in a recession and OPEC is hiking production into it.
That's one way to get inflation down... https://t.co/ExQRsfhrQY
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RT @TKL_Adam: It's not every day you see oil prices trading -8% lower.
Oil markets are pricing-in a recession and OPEC is hiking production into it.
That's one way to get inflation down... https://t.co/ExQRsfhrQY
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The Kobeissi Letter
TECH STOCKS TODAY:
1. AppLovin, $APP: -13%
2. Robinhood, $HOOD: -12%
3. Apple, $AAPL: -9%
4. Amazon, $AMZN: -9%
5. Tesla, $TSLA: -8%
6. Broadcom, $AVGO: -8%
7. Meta, $META: -8%
8. Nvidia, $NVDA: -7%
9. AMD, $AMD: -6%
10. Alphabet, $GOOGL: -4%
The S&P 500 has now erased over $2 TRILLION today and the Russell 2000 is in bear market territory.
The Nasdaq 100 is just 2% away from entering its first bear market since 2022.
Truly a historic day in the market.
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TECH STOCKS TODAY:
1. AppLovin, $APP: -13%
2. Robinhood, $HOOD: -12%
3. Apple, $AAPL: -9%
4. Amazon, $AMZN: -9%
5. Tesla, $TSLA: -8%
6. Broadcom, $AVGO: -8%
7. Meta, $META: -8%
8. Nvidia, $NVDA: -7%
9. AMD, $AMD: -6%
10. Alphabet, $GOOGL: -4%
The S&P 500 has now erased over $2 TRILLION today and the Russell 2000 is in bear market territory.
The Nasdaq 100 is just 2% away from entering its first bear market since 2022.
Truly a historic day in the market.
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