⁠The Kobeissi Letter
BREAKING: The S&P 500 is now on track to open in correction territory as investors prepare for reciprocal tariffs.

3-day losses in the S&P 500 are set to exceed -$2.5 trillion at the open. https://t.co/n3X7rfq8kQ

It's officially "reciprocal tariff" week:

President Trump has called Wednesday "Liberation Day" with 20%+ tariffs coming on up to 25+ countries.

US tariffs will impact $1.5+ TRILLION worth of imports by the end of April.

Here's what you need to know.

(a thread) https://t.co/WnaIVcApl0 - The Kobeissi Letter
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⁠The Kobeissi Letter
Another day, another record high for gold.

Gold has added +$8.5 trillion of market cap since October 2023.

We’ve seen more than 50 all time highs over the last 12 months.

Keep watching gold. https://t.co/Gx0GJzz1V5

It's officially "reciprocal tariff" week:

President Trump has called Wednesday "Liberation Day" with 20%+ tariffs coming on up to 25+ countries.

US tariffs will impact $1.5+ TRILLION worth of imports by the end of April.

Here's what you need to know.

(a thread) https://t.co/WnaIVcApl0 - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
BREAKING: Japan’s stock market falls nearly -4% as investors prepare for President Trump’s “Liberation Day.” https://t.co/u6UbR2tcoE

It's officially "reciprocal tariff" week:

President Trump has called Wednesday "Liberation Day" with 20%+ tariffs coming on up to 25+ countries.

US tariffs will impact $1.5+ TRILLION worth of imports by the end of April.

Here's what you need to know.

(a thread) https://t.co/WnaIVcApl0 - The Kobeissi Letter
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⁠The Kobeissi Letter
TECH STOCKS IN OVERNIGHT TRADING:

1. AppLovin, $AAP: -6%
2. Tesla, $TSLA: -5%
3. Robinhood, $HOOD: -5%
4. Nvidia, $NVDA: -3%
5. AMD, $AMD: -3%
6. Meta, $META: -3%
7. Broadcom, $AVGO: -3%
8. Amazon, $AMZN: -2%
9. Alphabet, $GOOGL: -2%
10. Apple, $AAPL: -1%

Magnificent 7 stocks have erased another -$250 billion in the overnight session so far.

Bond prices are rising and the S&P 500 is set to open in correction territory.

Big week ahead.
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⁠Quiver Quantitative
Elon Musk to heckler:

"Give my regards to George [Soros]" https://t.co/jAfGCL4DxR
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⁠The Kobeissi Letter
BREAKING: President Trump's team is weighing "broader and higher tariffs" ahead of Wednesday's reciprocal tariffs deadline, per WSJ.

President Trump is reportedly weighing "an across-the-board hike of up to 20%."

Again, April 2nd is NOT the end of tariff uncertainty. https://t.co/1R568CP4U4
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⁠Quiver Quantitative
BREAKING: Senator David McCormick has filed up to $600K of Bitcoin purchases.

McCormick sits on the Senate Subcommittee on Digital Assets. https://t.co/azWJYLz2UD
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⁠The Kobeissi Letter
BREAKING: President Trump says tariffs will commence with "all countries" this week and "see what happens," per Bloomberg. https://t.co/y3d42GORKO

It's officially "reciprocal tariff" week:

President Trump has called Wednesday "Liberation Day" with 20%+ tariffs coming on up to 25+ countries.

US tariffs will impact $1.5+ TRILLION worth of imports by the end of April.

Here's what you need to know.

(a thread) https://t.co/WnaIVcApl0 - The Kobeissi Letter
tweet