⁠The Kobeissi Letter
Eliminate the noise and look at what the market is saying:

Despite all of the "fire Powell" headlines, prediction markets have been steady.

There is a mere 25% chance that Jerome Powell is out as Fed Chair in 2025, per @Kalshi. https://t.co/2NbWriiWxZ
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⁠Dimitry Nakhla | Babylon Capital®
“I don’t read economic forecasts — I don’t read the funny papers.”

— Warren Buffett 🗣️
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⁠The Kobeissi Letter
Foreign investors are dumping US stocks at a rapid pace:

Investors from overseas withdrew ~$6.5 billion from US equity funds over the last week, the second-largest amount on record.

Net outflows were only below the $7.5 billion seen during the March 2023 Banking Crisis.

According to Apollo, foreigners own a massive $18.5 trillion of US stocks, or 20% of the total US equity market.

Moreover, foreign holdings of US Treasuries are at $7.2 trillion, or 30% of the total.

Investors from abroad also hold 30% of the total corporate credit market, for a total of $4.6 trillion.

Foreign investors want out amid the volatility.
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⁠Investing visuals
🚨 $NFLX Q1 Earnings 🚨

• Earnings $10.54B vs Est. $10.52B
• EPS $6.61 vs Est. $5.71
• Operating Margin 32% vs Est. 29%

Q2 Guidance
• Earnings $11.04B vs Est. $10.88B
• EPS $7.03 vs Est. $6.24
• Operating Margin 33% https://t.co/XVuItXWsCH
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⁠App Economy Insights
$NFLX Netflix Q1 FY25:

• Revenue +13% Y/Y to $10.5B ($40M beat).
• Operating margin 32% (+4pp Y/Y).
• EPS $6.61 ($0.95 beat).

FY25 Guidance:
• Revenue ~$44B (unchanged).
• Operating margin 29% (unchanged). https://t.co/eXQarDGwOe
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⁠Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: ASML Holding $ASML Q1 Earnings Report🎯

Rev: €7.74B vs €7.75B est ✅ | +46% YoY
EPS: €6.00 vs €5.80 est ✅ | +93% YoY
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Net bookings: €3.9B (EUV €1.2B)
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Guidance 👌🏽

Rev Q2 2025: €7.2B-€7.7B
Rev FY 2025: €30B-€35B https://t.co/k7Y581S3nx
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⁠App Economy Insights
$NFLX Netflix: more profit, less drama. 🍿 https://t.co/nms01aFpFV
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