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The Kobeissi Letter
What just happened?
At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause."
At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.
By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.
At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.
At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.
At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news."
By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.
Never in history have we seen something like this.
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What just happened?
At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause."
At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.
By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.
At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.
At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.
At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news."
By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.
Never in history have we seen something like this.
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The Kobeissi Letter
BREAKING: President Trump says if China does not withdraw their 34% tariff by April 8th, the US will impose an ADDITIONAL 50% tariff on China on April 9th. https://t.co/L59a8lthJS
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BREAKING: President Trump says if China does not withdraw their 34% tariff by April 8th, the US will impose an ADDITIONAL 50% tariff on China on April 9th. https://t.co/L59a8lthJS
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The Kobeissi Letter
BREAKING: The S&P 500 collapses as President Trump says he will impose an ADDITIONAL 50% tariff on China on April 9th if China does not withdraw their 34% tariff on the US by April 8th.
Including Trump's "reciprocal tariff" of 34%, that's total tariff hike of +84% on China set to go live April 9th.
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BREAKING: The S&P 500 collapses as President Trump says he will impose an ADDITIONAL 50% tariff on China on April 9th if China does not withdraw their 34% tariff on the US by April 8th.
Including Trump's "reciprocal tariff" of 34%, that's total tariff hike of +84% on China set to go live April 9th.
BREAKING: President Trump says if China does not withdraw their 34% tariff by April 8th, the US will impose an ADDITIONAL 50% tariff on China on April 9th. https://t.co/L59a8lthJS tweet
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Investing visuals
We just witnessed an historic event.
In 22 minutes, we saw a $5 TRILLION market swing triggered by a headlines. https://t.co/kskEafgUDZ
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We just witnessed an historic event.
In 22 minutes, we saw a $5 TRILLION market swing triggered by a headlines. https://t.co/kskEafgUDZ
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Investing visuals
TRUMP:
“We will increase our tariffs on China to 50% on April 9th if China does not withdraw its 34% retaliatory tariffs.”
Markets down 🔻-2% again. https://t.co/0YXgVDW6Ol
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TRUMP:
“We will increase our tariffs on China to 50% on April 9th if China does not withdraw its 34% retaliatory tariffs.”
Markets down 🔻-2% again. https://t.co/0YXgVDW6Ol
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Finding Compounders
Chuck Akre delivers some great investing advice in his 1998 shareholder letter https://t.co/sKCjuqmLVf
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Chuck Akre delivers some great investing advice in his 1998 shareholder letter https://t.co/sKCjuqmLVf
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The Kobeissi Letter
Something doesn't add up here.
Over the last 2 hours we have now had:
1. The White House call tariff delay headlines "fake news"
2. President Trump threaten another 50% tariff hike on China
At the surface, the trade war situation just got materially WORSE.
Meanwhile, the S&P 500 is trading +200 points above its low seen before point #1.
Is something happening behind the scenes?
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Something doesn't add up here.
Over the last 2 hours we have now had:
1. The White House call tariff delay headlines "fake news"
2. President Trump threaten another 50% tariff hike on China
At the surface, the trade war situation just got materially WORSE.
Meanwhile, the S&P 500 is trading +200 points above its low seen before point #1.
Is something happening behind the scenes?
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Hidden Value Gems
RT @HiddenValueGems: Wondering if Buffett will be able to deploy BRK’s cash for a significant acquisition this time?
He may be concerned by the profitability and possible capital requirements of the businesses he already owns…
#WarrenBuffett #BRK
- He will buy smth big
- He will miss like in 2020
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RT @HiddenValueGems: Wondering if Buffett will be able to deploy BRK’s cash for a significant acquisition this time?
He may be concerned by the profitability and possible capital requirements of the businesses he already owns…
#WarrenBuffett #BRK
- He will buy smth big
- He will miss like in 2020
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The Kobeissi Letter
BREAKING: Blackrock CEO says he will not rule out "another 20% stock market decline." https://t.co/cVAh3aDbl1
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BREAKING: Blackrock CEO says he will not rule out "another 20% stock market decline." https://t.co/cVAh3aDbl1
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