⁠The Kobeissi Letter
It's official:

The Nasdaq 100 is in a bear market following a -6% drop today, the largest drop since March 2020.

US stocks have now erased a massive -$11 TRILLION since February 19th with recession odds ABOVE 60%.

What does it all mean? Let us explain.

(a thread) https://t.co/NMOqfmKyyP
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⁠The Kobeissi Letter
BREAKING: Dow futures extend losses in after hours trading, now down -2,400 points on the day.

Nasdaq 100 futures are down over -1,200 points for a -6.5% drop.

Next week is going to be incredible. https://t.co/nAcyfL0BEY

It's official:

The Nasdaq 100 is in a bear market following a -6% drop today, the largest drop since March 2020.

US stocks have now erased a massive -$11 TRILLION since February 19th with recession odds ABOVE 60%.

What does it all mean? Let us explain.

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

⁠The Kobeissi Letter
BREAKING: China cancelled a deal to sell TikTok to the US this week after President Trump announced "reciprocal tariffs." https://t.co/GnWxOsFK1x
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⁠The Kobeissi Letter
BREAKING: JP Morgan says they expect a US recession in 2025 after this week's events. https://t.co/2bM9cX96XV

It's official:

The Nasdaq 100 is in a bear market following a -6% drop today, the largest drop since March 2020.

US stocks have now erased a massive -$11 TRILLION since February 19th with recession odds ABOVE 60%.

What does it all mean? Let us explain.

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

⁠The Kobeissi Letter
The Fear & Greed Index closed the week at 4, Extreme Fear.

There has rarely ever been a time in recent history with more fear in the market. https://t.co/VaPjODwwmR
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⁠The Kobeissi Letter
BREAKING: Germany is considering withdrawing $124 billion worth of gold from US reserves after President Trump's reciprocal tariffs. https://t.co/RnByoPt4wl
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AkhenOsiris
This 😥

Time to make up and adjust formula 🤦🏼‍♂️

If you update that fantastic tariff formula for the Vietnam removing tariffs.. the tariff for Vietnam remains exactly the same in that math.. - Random Muppet
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AkhenOsiris
All the comments about stability in his department were essentially saying Trump henchmen are toddler-like retards

Whether you agree with his policy stance or not the only adult in the room is Powell. -  Q-Cap 
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AkhenOsiris
Maybe a Freudian slip, but Powell just called the current situation "like other crises" when discussing if he chatted with other central bank colleagues
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AkhenOsiris
Based on the newsflow today on the heels of back-to-back massive market losses (this is all over mainstream news, Main St is scared):

- Bessent might be willing to show some fucking spine according to Fox News

- Trump touts Vietnam conversation

- as per @markflowchatter , tech leaders to visit Trump

I would think the risks this weekend are greater to the upside (unlike the past 8 wks, weekend news was always chest thumping and rhetoric). Let's see.
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AkhenOsiris
TTWO finally broke below $200
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AkhenOsiris
IPOs shelved

Should Discord, Klarna shelve IPO plans until calmer markets? - AkhenOsiris
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