⁠The Kobeissi Letter
BREAKING: White House Press Secretary Leavitt calls reports on Elon Musk leaving DOGE “garbage.”

Leavitt says Musk will leave DOGE when his work is complete. https://t.co/oFifLaUEMr

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 - The Kobeissi Letter
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⁠The Kobeissi Letter
US technology stocks are struggling:

The share of technology sector stocks trading above their 200-day moving average has fallen to 20%, the lowest since November 2022.

This percentage is down ~45 points over the last 6 weeks.

This is almost as sharp of a drop as during the beginning of the 2022 bear market and the 2020 pandemic sell-off.

Furthermore, the S&P 500 Information Technology sector has led the recent weakness, down -+12% YTD.

At the same time, the Magnificent 7 stocks are down -15%, more than triple the S&P 500’s decline.

Tech stocks have lost their popularity.
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⁠Finding Compounders
Highly Recommend

Jim Simons lecture : Mathematics, Common Sense and Good Luck https://t.co/KrH04Zz0kl
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⁠Value Spotlight (Andrew Sather)
The fact that Meta has retained a FLAT ROIC, with the following growth rates in Invested Capital (of course burning $69B, nice, in Reality Labs along the way)

2024: 42%
2023: 42%
2022: 24%

🤯 https://t.co/GosPsKCFcZ
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AkhenOsiris
This guy never seen a Ghibli movie

While speaking at the Jefferies Datacenter Conference, $META's Head of Power Paul Kelly said the company has an edge with a built-in end-user base, unlike competitors like $MSFT who may be overbuilding without clear downstream use cases. - Wall St Engine
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AkhenOsiris
Congratulations are in order for @munster_gene 🎉

He's joined the likes of Sawyer Merritt, Gary Black, and countless others with endless hot air Tesla takes that spin utterly trash #s as positive.
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AkhenOsiris
Ladies and Gents….Gene “comps” Munster…comps has been his thesis for 2+ yrs

For $TSLA's long-term autonomous vision to become a reality, deliveries need to reaccelerate. That should start next year. - Gene Munster
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⁠Finding Compounders
Jim Simons on who he prefers to hire

- We don’t look for anyone who has worked in the financial industry before https://t.co/0XkNSuvu3s
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⁠The Kobeissi Letter
BREAKING: Elon Musk says reports of him leaving DOGE in the coming weeks are “fake news.” https://t.co/Jzjva3ogTK
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⁠The Kobeissi Letter
BREAKING: The "Make America Wealthy Event" is set to begin shortly with reciprocal tariff announcements on the way.

Turn on @KobeissiLetter post notifications for real time updates and analysis as this develops. https://t.co/Dzoy0YAEn6
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⁠The Kobeissi Letter
BREAKING: The US is set to impose an across the board tariff of 10% on all imports, per WSJ.
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