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The Kobeissi Letter
Gold is making history:
Gold prices have hit 50 all-time highs over the last 12 months, its best streak in 12 years.
This is also the 3rd-longest streak on record after a historic run during the late 1970s.
The 1970s came with a period of double-digit inflation, stagnant economic growth and a high unemployment rate, also known as stagflation.
As a result, gold prices recorded 4 consecutive yearly gains.
This time, gold prices have rallied 39% over the last 12 months, are up 16% year-to-date, and are on track for the 3rd annual positive performance.
Is gold pricing in stagflation?
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Gold is making history:
Gold prices have hit 50 all-time highs over the last 12 months, its best streak in 12 years.
This is also the 3rd-longest streak on record after a historic run during the late 1970s.
The 1970s came with a period of double-digit inflation, stagnant economic growth and a high unemployment rate, also known as stagflation.
As a result, gold prices recorded 4 consecutive yearly gains.
This time, gold prices have rallied 39% over the last 12 months, are up 16% year-to-date, and are on track for the 3rd annual positive performance.
Is gold pricing in stagflation?
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Offshore
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The Kobeissi Letter
BREAKING: Crypto market cap losses now exceed -$120 billion today as the selloff accelerates across the board. https://t.co/odAbEdevh5
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BREAKING: Crypto market cap losses now exceed -$120 billion today as the selloff accelerates across the board. https://t.co/odAbEdevh5
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The Kobeissi Letter
BREAKING: The S&P 500 erases -$1 TRILLION of market cap and posts its largest daily decline since March 10th.
Next week is officially "reciprocal tariff week" with the S&P 500 now 50 points away from correction territory.
Buckle up. https://t.co/Y4FTZqWgDj
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BREAKING: The S&P 500 erases -$1 TRILLION of market cap and posts its largest daily decline since March 10th.
Next week is officially "reciprocal tariff week" with the S&P 500 now 50 points away from correction territory.
Buckle up. https://t.co/Y4FTZqWgDj
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Offshore
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The Kobeissi Letter
BREAKING: President Trump says he will be announcing new Pharmaceutical tariffs "soon."
We expect next week to be the most volatile week of the year so far.
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BREAKING: President Trump says he will be announcing new Pharmaceutical tariffs "soon."
We expect next week to be the most volatile week of the year so far.
BREAKING: The S&P 500 erases -$1 TRILLION of market cap and posts its largest daily decline since March 10th.
Next week is officially "reciprocal tariff week" with the S&P 500 now 50 points away from correction territory.
Buckle up. https://t.co/Y4FTZqWgDj tweet
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The Kobeissi Letter
BREAKING: The State Department is officially shutting down USAID and has formally notified Congress of its closure.
The remaining 900 employees are set to be terminated. https://t.co/TvQvbgxLUI
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BREAKING: The State Department is officially shutting down USAID and has formally notified Congress of its closure.
The remaining 900 employees are set to be terminated. https://t.co/TvQvbgxLUI
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The Kobeissi Letter
The S&P 500 is down -4.9% year-to-date and sentiment is as if we are in a full-on recession.
What happens if we fall -20% or more? https://t.co/zgvYv2k1Tb
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The S&P 500 is down -4.9% year-to-date and sentiment is as if we are in a full-on recession.
What happens if we fall -20% or more? https://t.co/zgvYv2k1Tb
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The Kobeissi Letter
BREAKING: Elon Musk says xAI has acquired X in an all-stock transaction which values xAI at $80 billion and X at $33 billion. https://t.co/rSRwnRrCle
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BREAKING: Elon Musk says xAI has acquired X in an all-stock transaction which values xAI at $80 billion and X at $33 billion. https://t.co/rSRwnRrCle
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AkhenOsiris
AI Stocks, Hypothetical Top Indicators (please add):
- @dylan522p appearance on @joeroganhq
- Perplexity IPO
- Increasing Masayoshi Son involvement (😱)
- Coreweave IPO (😱)
Fuck, the last two are happening...
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AI Stocks, Hypothetical Top Indicators (please add):
- @dylan522p appearance on @joeroganhq
- Perplexity IPO
- Increasing Masayoshi Son involvement (😱)
- Coreweave IPO (😱)
Fuck, the last two are happening...
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AkhenOsiris
There was a time and place when TSLA would rip 10% on this. 2021 was that fucked up 😂
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There was a time and place when TSLA would rip 10% on this. 2021 was that fucked up 😂
*MUSK: XAI BUYS X IN DEAL THAT VALUES XAI AT $80B, X AT $33B - *Walter Bloombergtweet