⁠The Kobeissi Letter
BREAKING: US markets accelerate losses as Fed Chair Powell pushes back on rate cut hopes.

“Higher for longer” and a global trade war, the perfect combination for historic volatility. https://t.co/cVkq5omynv
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⁠The Kobeissi Letter
White House official on President Trump's "thinking" right now, per the Washington Post: https://t.co/4vz2CCkr9F
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⁠The Kobeissi Letter
BREAKING: Warren Buffett says social media reports alleging that he supports the tariffs being implemented are fake.

This comes after President Trump posted a video which said Buffett praised Trump's tariffs. https://t.co/EJmDDi89Fh
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⁠The Kobeissi Letter
President Trump posted this video today:

"Trump is crashing the stock market by 20% this month, but he's doing it on purpose."

"Why is he doing this? To push cash into treasuries."

Our followers have known about this for 3 months, but he's now explicitly stating it. https://t.co/4akpzm2LAw
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⁠The Kobeissi Letter
BREAKING: The S&P 500 collapses to a new low of the day, now down -5.3%. https://t.co/wU6LpuAwz7
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⁠The Kobeissi Letter
BREAKING: Silver prices extend losses to -8.2% on the day as the rush to the sidelines accelerates into the weekend. https://t.co/1zWh5u7Sxz
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⁠The Kobeissi Letter
BREAKING: The S&P 500 is now 1.4% away from its first circuit breaker since March 2020.

If the S&P 500 falls below 5,018 before 3:25 PM ET, a 15-minute Level 1 trading halt will begin.

If it occurs after 3:25 PM ET, trading will NOT be halted. https://t.co/SB6E7hlKBQ
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⁠Quiver Quantitative
Wow.

Nancy Pelosi has now lost $12M in the stock market in the last two days.

Down another $4.5M today. https://t.co/v4dmOwI8FO
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⁠Quiver Quantitative
BREAKING: Trump is signing an executive order to extend the TikTok ban deadline.

The bill passed by Congress required that it be sold by April 5th.

It was passed by an overwhelming majority then, but I'm doubtful that anyone is going to fight the extension too hard.
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⁠The Kobeissi Letter
BREAKING: President Trump says that he understands "China is not very happy about our reciprocal tariffs."

The "World War 3" of Trade Wars Has Begun:

Americans are waking up to the first MAJOR tariff retaliation against President Trump.

China has announced 34% tariffs on ALL US goods with the S&P 500's 2-day losses now at -$3.5 TRILLION.

Here's what just happened.

(a thread) https://t.co/snIbLMV24D - The Kobeissi Letter
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