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The Kobeissi Letter
BREAKING: The S&P 500 is now below 5600 for the first time since September 12th.

The S&P 500 is 1% away from entering correction territory. https://t.co/07CwW94a6p

The REAL reason markets are crashing:

Over the last 2 months, the S&P 500 and crypto have erased a combined -$5.5 TRILLION of market cap.

We have just witnessed one of the most SUDDEN shifts in sentiment since 2020.

What's happening? Let us explain.

(a thread) https://t.co/uPh9qGWfa5
- The Kobeissi Letter
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The Kobeissi Letter
BREAKING: The Dow Jones Industrial Average is now down over -1,000 points on the day.

The Nasdaq 100 is nearly -5% in one day with multiple tech stocks on track for their worst day since September 2020. https://t.co/O404OzYzKf

The REAL reason markets are crashing:

Over the last 2 months, the S&P 500 and crypto have erased a combined -$5.5 TRILLION of market cap.

We have just witnessed one of the most SUDDEN shifts in sentiment since 2020.

What's happening? Let us explain.

(a thread) https://t.co/uPh9qGWfa5
- The Kobeissi Letter
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Offshore
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The Kobeissi Letter
BREAKING: The odds of the Fed implementing a single rate cut of MORE THAN 25 bps in 2025 has surged to 32%, per @Kalshi.

Markets continue to price in higher odds of a recession. https://t.co/dvZ7uHknC9
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The Kobeissi Letter
BREAKING: Ukrainian President Zelensky has sent President Trump an apology letter following their verbal altercation at the White House. https://t.co/VqVDP6maI3
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The Kobeissi Letter
BREAKING: The Fear & Greed Index falls to 14, Extreme Fear, its lowest level since the 2022 bear market. https://t.co/lNQpYJ7idy

The REAL reason markets are crashing:

Over the last 2 months, the S&P 500 and crypto have erased a combined -$5.5 TRILLION of market cap.

We have just witnessed one of the most SUDDEN shifts in sentiment since 2020.

What's happening? Let us explain.

(a thread) https://t.co/uPh9qGWfa5
- The Kobeissi Letter
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Alvin
Samsung is teasing something...
"The Next Phase of Gaming" 👀

The "Project Moohan" VR headset launching soon? 🤔 https://t.co/xNdnfypqlK
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The Kobeissi Letter
Warren Buffett has once again proven why he is the greatest investor in history.

Will he be deploying any of his record $334 billion of cash this week? https://t.co/1tdi8VetZC

This is absolutely insane:

On February 20th, JP Morgan CEO Jamie Dimon sold $234 million worth of $JPM stock.

On February 22nd, Warren Buffett announced a record $334 BILLION cash balance.

12 days later, the Nasdaq 100 crashed -11%.

How did they know?

(a thread) https://t.co/xbzHVWkAlI
- The Kobeissi Letter
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