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Finding Compounders
Seth Klarman on why market efficiency doesn’t exist https://t.co/FFzzhIbkPU
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Seth Klarman on why market efficiency doesn’t exist https://t.co/FFzzhIbkPU
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The Kobeissi Letter
BREAKING: Delta Air Lines, $DAL, withdraws its 2025 guidance and says the trade war is hurting bookings. https://t.co/MHIafLbr9r
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BREAKING: Delta Air Lines, $DAL, withdraws its 2025 guidance and says the trade war is hurting bookings. https://t.co/MHIafLbr9r
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The Kobeissi Letter
BREAKING: US stock market futures collapse over -100 points as China imposes additional tariffs of 84% on US goods.
China was not joking about “fighting until the end.” https://t.co/71zYEvd3VZ
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BREAKING: US stock market futures collapse over -100 points as China imposes additional tariffs of 84% on US goods.
China was not joking about “fighting until the end.” https://t.co/71zYEvd3VZ
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The Kobeissi Letter
This is absolutely insane:
At 12:01 AM ET, additional tariffs of 50% were imposed on Chinese imports to the US.
7 hours later, China just announced NEW tariffs of 50% on US imports, in addition to the 34% already announced.
This brings their total tariff rate up to 84%, matching the 34% and 50% increases Trump imposed.
The Trump Administration has pledged to retaliate against ALL tariff increases on the US.
We expect another increase in US tariffs on China in the coming days.
We are witnessing the World War 3 of trade wars.
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This is absolutely insane:
At 12:01 AM ET, additional tariffs of 50% were imposed on Chinese imports to the US.
7 hours later, China just announced NEW tariffs of 50% on US imports, in addition to the 34% already announced.
This brings their total tariff rate up to 84%, matching the 34% and 50% increases Trump imposed.
The Trump Administration has pledged to retaliate against ALL tariff increases on the US.
We expect another increase in US tariffs on China in the coming days.
We are witnessing the World War 3 of trade wars.
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The Kobeissi Letter
The bond market just BROKE:
In just 3 days, the 10Y Note Yield surged 60 basis points while the S&P 500 fell -8%.
This marks the LARGEST 3-day increase since 1982 and one of the largest divergences in history.
What happened? The basis trade broke.
(a thread) https://t.co/GQt4xjAXze
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The bond market just BROKE:
In just 3 days, the 10Y Note Yield surged 60 basis points while the S&P 500 fell -8%.
This marks the LARGEST 3-day increase since 1982 and one of the largest divergences in history.
What happened? The basis trade broke.
(a thread) https://t.co/GQt4xjAXze
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Capital Employed
RT @capitalemployed: What companies have you been buying in this current market drawdown?
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RT @capitalemployed: What companies have you been buying in this current market drawdown?
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Capital Employed
RT @capitalemployed: Current average valuations around the world, courtesy of Idea Farm.
Thailand SET has not been this cheap since 2011.
Many South American countries still looking cheap.
HK and Poland still cheap.
Japan not as cheap as it once was. US and India still looking expensive. https://t.co/pNYZtbD27x
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RT @capitalemployed: Current average valuations around the world, courtesy of Idea Farm.
Thailand SET has not been this cheap since 2011.
Many South American countries still looking cheap.
HK and Poland still cheap.
Japan not as cheap as it once was. US and India still looking expensive. https://t.co/pNYZtbD27x
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Offshore
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The Kobeissi Letter
BREAKING: JP Morgan CEO Jamie Dimon says that a US recession is now the "likely outcome" of President Trump's trade war. https://t.co/VDWYxyHj3d
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BREAKING: JP Morgan CEO Jamie Dimon says that a US recession is now the "likely outcome" of President Trump's trade war. https://t.co/VDWYxyHj3d
The bond market just BROKE:
In just 3 days, the 10Y Note Yield surged 60 basis points while the S&P 500 fell -8%.
This marks the LARGEST 3-day increase since 1982 and one of the largest divergences in history.
What happened? The basis trade broke.
(a thread) https://t.co/GQt4xjAXze tweet