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The Kobeissi Letter
Ethereum, $ETH, extends losses to -11% in a matter of hours. https://t.co/Ft7IYK7HSH
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Crypto has now erased -$150 billion in market cap over the last 4 hours.

Where do US stock market futures open? https://t.co/wB4iBMMbcS
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The Kobeissi Letter
BREAKING: Ethereum extends losses to -13% on the day and falls below $1,600 for the first time since December 2022. https://t.co/CxrRZfXnR8
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We are now 1 hour out from US stock market futures opening.

The only word from the Trump Administration this weekend:

Tariffs will NOT be delayed, set to go live at 12:01 AM ET on April 9th.

As a result, crypto has erased -$200 billion in 4 hours and sentiment continues to deteriorate.

Unless something changes rather quickly here, it appears the flight to the sidelines will continue this week.
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Bearish sentiment is arguably near its highest levels in history.

“Black Monday” has become the consensus view amid tariff uncertainty.

It would take a lot to not see at least short-term capitulation this week. https://t.co/CoqTwQcChc
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BREAKING: White House economic advisor says President Trump is not trying to crash the stock market with tariffs.

Buzzer beater 30 minutes ahead of US futures opening?
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The Kobeissi Letter
The Kobeissi Letter for the week of April 7th has been published and may be viewed through the link below:

https://t.co/6TDuawjZAN

The Chart of the Week for the week of April 7th has been published. View or sign up for FREE through the link below:

https://t.co/jCCx3iSLbJ
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BREAKING: US stock market futures officially reopen with S&P 500 futures down -2.1%.

This brings total 3-day losses to -12.6%. https://t.co/WHZi72L5Cu
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BREAKING: S&P 500 futures extend losses to -4.5% bringing 3-day losses to -15%.

The S&P 500 is on track to open in bear market territory. https://t.co/47lSWr4RcJ
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BREAKING: Stock market futures just opened, and are deep red again.

Members of Congress sold stock before the tariffs were announced: https://t.co/vavcs1SX7r
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The Dow is now down almost -6,000 points in 3 trading days.

This is beyond panic selling. https://t.co/Pj6sdSuOq0
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