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The Kobeissi Letter
BREAKING: Nike shares, $NKE, extend decline to -14% on the day falling to the lowest level since October 2017.
Nike has over 530,000 employees in Vietnam which was just tariffed 46% by the US.
This is a nightmare situation for Nike. https://t.co/oRXWCJmsgk
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BREAKING: Nike shares, $NKE, extend decline to -14% on the day falling to the lowest level since October 2017.
Nike has over 530,000 employees in Vietnam which was just tariffed 46% by the US.
This is a nightmare situation for Nike. https://t.co/oRXWCJmsgk
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj tweet
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The Kobeissi Letter
BREAKING: US Commerce Secretary Lutnick says US tariffs will go UP if a country retaliates.
In other words, we are about to see retaliatory tariffs on retaliatory tariffs on retaliatory tariffs.
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BREAKING: US Commerce Secretary Lutnick says US tariffs will go UP if a country retaliates.
In other words, we are about to see retaliatory tariffs on retaliatory tariffs on retaliatory tariffs.
"Reciprocal tariffs" are officially HERE:
President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.
S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.
What just happened? Let us explain.
(a thread) https://t.co/S4pmsDweNB tweet
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The Kobeissi Letter
BREAKING: OPEC agrees to raise production by MORE than expected in May 2025, adding 411,000 barrels of crude oil to the market per day.
OPEC knows oil prices are crashing regardless. https://t.co/SYwqefB3u7
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BREAKING: OPEC agrees to raise production by MORE than expected in May 2025, adding 411,000 barrels of crude oil to the market per day.
OPEC knows oil prices are crashing regardless. https://t.co/SYwqefB3u7
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The Kobeissi Letter
RT @TKL_Adam: If you zoom out and take a look at the Volatility Index, $VIX, you’ll realize something:
Selling has actually been surprisingly *orderly* all year.
The $VIX is under 30 like panic selling hasn’t even start yet. https://t.co/rfSe2kjOkz
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RT @TKL_Adam: If you zoom out and take a look at the Volatility Index, $VIX, you’ll realize something:
Selling has actually been surprisingly *orderly* all year.
The $VIX is under 30 like panic selling hasn’t even start yet. https://t.co/rfSe2kjOkz
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Quiver Quantitative
Before the tariffs were announced, Senator Tommy Tuberville closed out his position in Apple stock.
$AAPL is down 8% today.
Follow here for alerts on when he buys back in. https://t.co/VJkG5PhOb1
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Before the tariffs were announced, Senator Tommy Tuberville closed out his position in Apple stock.
$AAPL is down 8% today.
Follow here for alerts on when he buys back in. https://t.co/VJkG5PhOb1
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The Kobeissi Letter
BREAKING: The S&P 500 erases -$1.7 trillion in market cap at the open. https://t.co/7BhPnVr9lS
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BREAKING: The S&P 500 erases -$1.7 trillion in market cap at the open. https://t.co/7BhPnVr9lS
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The Kobeissi Letter
RT @KobeissiLetter: "Reciprocal tariffs" are officially HERE:
President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.
S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.
What just happened? Let us explain.
(a thread) https://t.co/S4pmsDweNB
tweet
RT @KobeissiLetter: "Reciprocal tariffs" are officially HERE:
President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.
S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.
What just happened? Let us explain.
(a thread) https://t.co/S4pmsDweNB
tweet
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The Kobeissi Letter
BREAKING: The Russell 2000 Index officially enters bear market territory for the first time since 2022.
Small caps are getting crushed in this trade war. https://t.co/gFlkwpIRZc
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BREAKING: The Russell 2000 Index officially enters bear market territory for the first time since 2022.
Small caps are getting crushed in this trade war. https://t.co/gFlkwpIRZc
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