⁠The Kobeissi Letter
BREAKING: The European Union is preparing to fine Elon Musk's X $1 billion for "disinformation." https://t.co/oNfD4KcqkD
tweet

⁠The Kobeissi Letter
BREAKING: Dow Futures extend losses in after hours trade to -1,800 points on the day. https://t.co/5lC4nL1WAV
tweet

⁠Quiver Quantitative
Ted Cruz: “I don’t think it would be a good idea to have tariffs in perpetuity”

https://t.co/zqKPl7R5eA
tweet

⁠The Kobeissi Letter
BREAKING: In a poll we conducted with over 60,000 responses, 55% of people currently support President Trump's tariffs. https://t.co/1DySTJfC3A

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 - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
In case you are wondering if capitulation has occurred:

The S&P 500 closed down -4.8% today and the Volatility Index, $VIX, remained below 30.

There has NEVER been a day in history with a 4.5%+ drop in the S&P 500 without the $VIX rising above 30.

Selling has been ORDERLY. https://t.co/gJWq0Bv3eV

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 - The Kobeissi Letter
tweet

⁠The Kobeissi Letter
RT @KobeissiLetter: 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

⁠The Kobeissi Letter
BREAKING: The Magnificent 7 Index is now down over -30% from its all time high seen on December 18th.

While the S&P 500 is down -7.5% year-to-date, most investors are down much more.

Large cap tech is beyond bear market territory. https://t.co/shETiJHKlF

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 - The Kobeissi Letter
tweet

⁠Quiver Quantitative
It was a tough day in the stock market for Nancy Pelosi, but it could have been worse.

She sold up to $25M of Apple stock on December 31st.

It has now fallen 18% since then. https://t.co/sT9jXzt4Iu
tweet