⁠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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⁠Hidden Value Gems
The day you wished you ran a dentistry …and it was not quoted 🙂
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⁠Finding Compounders
Li Lu explains a concept from Charlie Munger that a few investor truly understand .

Must read https://t.co/iOiwxYFpmB
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⁠The Kobeissi Letter
BREAKING: The Dow is now down -2,000 points on the day as the tariff selloff worsens. https://t.co/CCAfQAFdxz
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⁠The Kobeissi Letter
BREAKING: The S&P 500 falls below 5,100 for the first time since April 2024.

Now just 70 points away from a circuit breaker activating for the first time since 2020. https://t.co/QhYQ3r9DOR
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⁠App Economy Insights
$MSFT Microsoft turns 50 today.

Here’s how they make money—visualized. https://t.co/R4xgk8fIfL
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⁠The Kobeissi Letter
BREAKING: The S&P 500 is now down -6% on the day and 1% away from a 15 minute trading halt.

If a halt does NOT occur before 3:25 PM ET, there is no halt mechanism into the close.

Between 3:25 PM ET and 4:00 PM ET, markets CANNOT be halted. https://t.co/1xpBNLTAC6
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⁠The Kobeissi Letter
Here's the real question:

President Trump says China was charging the US 67% tariffs BEFORE his reciprocal tariffs were announced.

Then, President Trump charged China a 34% tariff rate on Wednesday.

Today, China tariffs all US goods by 34%, and assuming this is on top of the 67% claimed by Trump, that's a total of 101%.

What does Trump do now?
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