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The Kobeissi Letter
BREAKING: The Nasdaq 100 falls -250 points at the open as “Liberation Day” begins.
President Trump is set to speak at 4 PM ET. https://t.co/EvaobemVxS
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BREAKING: The Nasdaq 100 falls -250 points at the open as “Liberation Day” begins.
President Trump is set to speak at 4 PM ET. https://t.co/EvaobemVxS
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The Kobeissi Letter
BREAKING: President Trump suggests "tariffing the value" of Fentanyl imports into the US to "make it more costly to distribute and buy."
It's unclear exactly how this would be implemented. https://t.co/wdWNQLWCsc
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BREAKING: President Trump suggests "tariffing the value" of Fentanyl imports into the US to "make it more costly to distribute and buy."
It's unclear exactly how this would be implemented. https://t.co/wdWNQLWCsc
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Quiver Quantitative
JUST IN: Representative Mikie Sherrill has introduced legislation to require drug testing for Elon Musk and DOGE https://t.co/19j4j8Njmc
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JUST IN: Representative Mikie Sherrill has introduced legislation to require drug testing for Elon Musk and DOGE https://t.co/19j4j8Njmc
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The Kobeissi Letter
Small-cap stocks continue to underperform:
The Russell 2000 relative to the S&P 500 has dropped to its lowest level since January 2001.
The ratio between small-cap and large-cap stocks has declined 36.0% over the last 4 years.
This comes as the S&P 500 has gained +41.8% while the Russell 2000 has fallen -10.0% during this period.
This year alone, small-cap stocks have fallen -9.7%, more than double the S&P 500's -4.5% decline.
Without more economic certainty, small caps will lag.
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Small-cap stocks continue to underperform:
The Russell 2000 relative to the S&P 500 has dropped to its lowest level since January 2001.
The ratio between small-cap and large-cap stocks has declined 36.0% over the last 4 years.
This comes as the S&P 500 has gained +41.8% while the Russell 2000 has fallen -10.0% during this period.
This year alone, small-cap stocks have fallen -9.7%, more than double the S&P 500's -4.5% decline.
Without more economic certainty, small caps will lag.
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The Kobeissi Letter
BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. https://t.co/J9OH8BSNUv
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BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. https://t.co/J9OH8BSNUv
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The Kobeissi Letter
BREAKING: Tesla stock, $TSLA, erases decline and rises +2% on the day on reports that Elon Musk will be stepping back from his current role in the Trump Administration in the coming weeks. https://t.co/B5bJjqsO0H
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BREAKING: Tesla stock, $TSLA, erases decline and rises +2% on the day on reports that Elon Musk will be stepping back from his current role in the Trump Administration in the coming weeks. https://t.co/B5bJjqsO0H
BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. https://t.co/J9OH8BSNUv tweet
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The Kobeissi Letter
Tesla, $TSLA, is now up +12% from its low of the day as markets price-in a potential Elon Musk departure from DOGE. https://t.co/LWYjhzKH7d
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Tesla, $TSLA, is now up +12% from its low of the day as markets price-in a potential Elon Musk departure from DOGE. https://t.co/LWYjhzKH7d
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