⁠The Kobeissi Letter
It's "reciprocal tariffs on reciprocal tariffs" week:

After imposing tariffs on 185 countries at ONCE, we expect retaliation this week.

The US stock market has lost $11.1 TRILLION in 44 trading days, equivalent to ~38% of US GDP.

Here's what you need to know.

(a thread) https://t.co/7OGYVEhw7F
tweet

⁠The Kobeissi Letter
BREAKING: US Treasury Secretary Bessent says he sees "no reason" to anticipate a recession based on President Trump's tariffs, per ABC News.

Commerce Secretary Lutnick confirms that April 9th tariffs will NOT be postponed.

US market futures open in less than 7 hours.

It's "reciprocal tariffs on reciprocal tariffs" week:

After imposing tariffs on 185 countries at ONCE, we expect retaliation this week.

The US stock market has lost $11.1 TRILLION in 44 trading days, equivalent to ~38% of US GDP.

Here's what you need to know.

(a thread) https://t.co/7OGYVEhw7F - The Kobeissi Letter
tweet

⁠Quiver Quantitative
Senator Tommy Tuberville just blamed the market sell-off on Wall Street.

Tuberville himself sold up to $265K of stock before the tariffs were announced.

He fully closed several positions, without any purchases. https://t.co/tVUIRHsYCl
tweet

⁠The Kobeissi Letter
Did the White House compute "reciprocal tariffs" incorrectly?

New Trump tariffs are claiming to raise $3+ trillion over 10 years.

According to AEI, the formula used to calculate tariffs levied on the US was INFLATED by up to 400%.

Here's the breakdown.

(a thread) https://t.co/bgldYnBLBK
tweet

⁠Finding Compounders
Time for some reading

Source : https://t.co/qiIw9okRP2 https://t.co/utnJOazWeb
tweet

⁠The Kobeissi Letter
BREAKING: Bitcoin falls below $81,000 as Trump Administration officials say tariffs will not be delayed.

We are 4 hours out from US stock market futures opening. https://t.co/NrgQp7wdWX
tweet

⁠The Kobeissi Letter
BREAKING: Ethereum falls over -5% and breaks below $1,700 for the first time since August 2023.

Risky assets are still being liquidated. https://t.co/5JWPLkB9pr
tweet

⁠Quiver Quantitative
JUST IN: Seven Republican Senators have now cosponsored a bill that would give Congress a vote on new tariffs.

Do you support this?

You can track the bill on Quiver. https://t.co/f3yZ1IaupK
tweet

⁠The Kobeissi Letter
BREAKING: Vanguard emails clients asking them to “resist the urge to deviate from [their] financial plan” as markets fall sharply.

Vanguard is asking clients not to take money out of the market.

How’s that for a sentiment check? https://t.co/whAofNWsO3

It's "reciprocal tariffs on reciprocal tariffs" week:

After imposing tariffs on 185 countries at ONCE, we expect retaliation this week.

The US stock market has lost $11.1 TRILLION in 44 trading days, equivalent to ~38% of US GDP.

Here's what you need to know.

(a thread) https://t.co/7OGYVEhw7F - The Kobeissi Letter
tweet