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BREAKING: Tesla stock, $TSLA, falls another -5% in overnight trading, now down over -20% including the regular trading session’s drop.

The stock is on track to open near its most oversold daily RSI reading in history. https://t.co/PekkxWa5q9

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: Bitcoin officially falls below $77,000 for the first time since November 10th.

Bitcoin is now down -30% from its all time high. https://t.co/bOvoBLrvrH
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The Kobeissi Letter
This is insane:

Nasdaq 100 futures are currently casually down another -300 points in after hours trading.

This puts today's total losses at -1050 points, or -5.8%, today ALONE.

If the market was open, we would be -1.2% away from a circuit breaker.

Panic selling has arrived. https://t.co/qpErqYwkMo
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The Kobeissi Letter
A reminder on how market Circuit Breakers work:

With many retail investors now facing their first potential bear market, Circuit Breakers are back in discussion.

1. Circuit Breaker 1: If the S&P 500 falls -7% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.

2. Circuit Breaker 2: If the S&P 500 falls -13% below the previous day’s close before 3:25 PM ET, trading stops for 15 minutes.

3. Circuit Breaker 3: If the S&P 500 falls -20% below the previous day’s close, trading stops for the remainder of the day, regardless of what time it is.

NOTE: For Circuit Breakers 1 and 2, if the S&P 500 falls -7% or -13% AFTER 3:25 PM ET, trading will NOT stop.

These thresholds also apply for the Dow 30 and Nasdaq 100 indices.
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The Kobeissi Letter
BREAKING: Total US put option volume just hit its highest level on record, per ZeroHedge.

Shorts are going all-in. https://t.co/aX7CHkYbHA
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The Kobeissi Letter
BREAKING: Nasdaq 100 futures post a near 400-point reversal in 3 hours and turn GREEN overnight. https://t.co/lSbON4YhKb
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App Economy Insights
RT @EconomyApp: 📊 This Week in Visuals:
$AVGO $COST $SE $MRVL $JD $TGT $FLUT $VEEV $IOT $HPE $MDB $BBY $ONON $OKTA $GTLB $CELH

Check out the latest earnings 👇 https://t.co/JiHKY0Btf4
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The Kobeissi Letter
Heading into tomorrow:

1. Nasdaq 100 futures have posted a 350+ point red to green reversal

2. Nasdaq 100 index is down -12% in 13 trading days

3. Total US put option volume just hit its highest level on record

4. Many large cap tech stocks are down 30%+ from all time high

5. Fear & Greed Index is at Extreme Fear levels

Are we overdue for a massive short squeeze?
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BREAKING: President Trump says he is going to "buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk."

This comes as Tesla stock, $TSLA, has fallen -55% from its all time high. https://t.co/7D5kFZEBXM
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