⁠The Kobeissi Letter
Something doesn't add up here:

The Dow Jones Transportation Index fell over -9% today.

This has never happened without the Volatility Index, $VIX, rising above 35. https://t.co/kmSORYKf2Q

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
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⁠The Kobeissi Letter
Are regional banks in trouble again?

Regional Bank Stocks, $KRE, closed down over -10% in their largest daily drop since the 2023 Regional Bank Crisis.

This puts the regional bank sector officially in bear market territory, down 26% since November 25th.

Small caps and regional banks are struggling.
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⁠The Kobeissi Letter
BREAKING: Japan’s Nikkei 225 Index falls another -2% as markets reopen.

Japan’s stock market is now down -11% in 7 trading days. https://t.co/F4TucNR973
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⁠Finding Compounders
Bruce Greenwald’s lists the Value Investing Process. https://t.co/QSNPxSj97Z
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⁠Finding Compounders
During his speech at Peking University, Li Lu lists the 4 ideas that entail value investing https://t.co/kqmIzzCT47
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⁠The All-In Podcast
🚨HUGE EPISODE🚨

two major topics with two amazing guests:
@benshapiro + @antoniogracias!

-- @DOGE updates w/ antonio

-- liberation day tariff reactions and analysis

(0:00) the besties welcome ben shapiro and antonio gracias

(1:54) what it's like working with doge

(4:56) doge's latest findings: illegal immigration, social security, and more

(27:59) was biden's open border policy a dem strategy to expand their voter base?

(39:55) tariffs: liberation day chaos, reactions, strategy

(55:26) impact, consequences, and risks for the trump administration

(1:13:50) how the US can thrive in a high-tariff world

(1:31:33) future political landscape if the tariff strategy fails

(1:42:27) chamath recaps his best-performing asset of 2025 + wrap
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⁠Finding Compounders
Seth Klarman on why market efficiency doesn’t exist https://t.co/ZD75SehGw6
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⁠Finding Compounders
The secret to life is weak competition- Warren Buffett
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⁠Finding Compounders
Warren Buffett have an interesting answer when he was asked why he would do to live a happier life , if he could live over again https://t.co/g4L2KPVhMV
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