⁠The Kobeissi Letter
BREAKING: Circuit breakers have been triggered in Japan's Nikkei 225 and TOPIX stock market indices.

We are seeing the market's first circuit breakers since March 2020.

The free fall continues:

Today's drop in US stock market futures puts S&P 500 futures down -22% and in bear market territory.

The US stock market has now erased an average of $400 billion PER TRADING DAY for 32-straight days.

Is it time to BUY stocks yet?

(a thread) https://t.co/MMtYgQXhh2 - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: President Trump says, "We have to solve our trade deficit ... Unless we solve that problem, I'm not going to make a deal." https://t.co/TXcH7qIuJf

The free fall continues:

Today's drop in US stock market futures puts S&P 500 futures down -22% and in bear market territory.

The US stock market has now erased an average of $400 billion PER TRADING DAY for 32-straight days.

Is it time to BUY stocks yet?

(a thread) https://t.co/MMtYgQXhh2 - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: Nvidia stock, $NVDA, falls below $86.00 in overnight trading for the first time since April 2024.

Nvidia is now down -44% from its all time high. https://t.co/tqAISAlFfo
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⁠The Kobeissi Letter
TECH STOCKS IN OVERNIGHT TRADING:

1. Robinhood, $HOOD: -17%
2. AppLovin, $APP: -17%
3. Palantir, $PLTR: -10%
4. Tesla, $TSLA: -10%
5. Nvidia, $NVDA: -10%
6. Broadcom, $AVGO: -10%
7. AMD, $AMD: -9%
8. Meta, $META: -8%
9. Amazon, $AMZN: -6%
10. Alphabet, $GOOGL: -6%

US stocks have now erased over $13 TRILLION of market cap since February 19th.

The Nasdaq 100 and S&P 500 are now set to open in bear market territory.

Buckle up.
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⁠The Kobeissi Letter
BREAKING: Japan’s stock market extends losses to -8.5% today to its lowest level since October 2023.

Global stocks have erased well over $20 trillion since February 19th. https://t.co/dkBzySxD7P
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⁠The Kobeissi Letter
BREAKING: Odds of a US recession in 2025 surge to a new high of 67%, per @Kalshi. https://t.co/Hnpio5yK6m
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⁠The Kobeissi Letter
BREAKING: Japan's Prime Minister says he is ready to visit the US and negotiate tariffs with President Trump.

Japan's stock market is currently down nearly -9% on the day.
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⁠The Kobeissi Letter
BREAKING: After initially supporting President Trump's tariffs, @BillAckman says Trump is "losing the confidence of business leaders around the globe."

Ackman warns "economic nuclear winter" unless there is a time-out on tariffs.
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⁠Quiver Quantitative
UPDATE: Before the tariffs were announced, Senator Tommy Tuberville closed out his position in Apple stock.

$AAPL has now fallen 24% since then.

Follow here for alerts on when he buys back in. https://t.co/NK2L8SfmpV
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⁠The Kobeissi Letter
BREAKING: China's stock market officially opens with a -10% drop. https://t.co/dtr5b4gGtl
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