AkhenOsiris
Before the tariff barrage started a few weeks ago, there was still a camp that thought they would be used as a threat only and never put on 😂
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AkhenOsiris
Anyone miss this guy? 😂
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AkhenOsiris
Yes, Xi can control this 😂

Lutnick: "20% China tariff would drop if Xi offers fentanyl cuts"

I see you Apple -8%
- Consensus Media
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AkhenOsiris
On some planet, far far away...Stephanie Link and Jim Lebenthal were fully invested going into Liberation Day announcement.

Ok, ok, I'm kidding...the planet is not far, it's Earth and this is real...so they have no capital to deploy in this nasty tape and are forced sellers essentially.
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AkhenOsiris
I'm convinced that even if Jamie Dimon was in the administration, he'd be spouting the exact same b.s. as Lutnick, Bessent, etc. on tv today.

Joining the admin makes you highly regarded. Your education reverts to that of a toddler.
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The Kobeissi Letter
Retail investors are becoming even more bearish:

The share of individual investors expressing bearish sentiment over the next 6 months in the AAII survey hit 61.9%, the most since March 2009.

This is also the 3rd-highest reading since the survey began in 1987.

By comparison, the 2022 bear market peak was 60.8%.

AAII Bearish Sentiment has been above 55.0% for 6 consecutive weeks, the longest stretch since the 1990s.

This has surpassed the previous 5-week streaks during the 2008 Financial Crisis and the 2022 bear market.

Market sentiment has rarely been this pessimistic.
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The Kobeissi Letter
BREAKING: President Trump comments on the stock market's reaction and says "it's going very well" and the "market is going to boom."

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
- The Kobeissi Letter
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The Kobeissi Letter
President Trump on March 6th: "I'm not watching the stock market.

President Trump today: https://t.co/h0kkwDShrG
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The Kobeissi Letter
BREAKING: Stock market losses reaccelerate and fall toward a new low of the day with the Nasdaq 100 down -1,000 points. https://t.co/905rIXQkkJ
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The Kobeissi Letter
BREAKING: The S&P 500 falls to a new low of the day, currently down -4.6% today.

Now down -11.5% since February 19th. https://t.co/AccJShf4gC
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The Kobeissi Letter
It's official:

After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.

Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.

What's next? Let us explain.

(a thread) https://t.co/SzOJhxshf7
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