⁠The Kobeissi Letter
BREAKING: Nvidia stock, $NVDA, falls below $86.00 in overnight trading for the first time since April 2024.

Nvidia is now down -44% from its all time high. https://t.co/tqAISAlFfo
tweet

⁠The Kobeissi Letter
TECH STOCKS IN OVERNIGHT TRADING:

1. Robinhood, $HOOD: -17%
2. AppLovin, $APP: -17%
3. Palantir, $PLTR: -10%
4. Tesla, $TSLA: -10%
5. Nvidia, $NVDA: -10%
6. Broadcom, $AVGO: -10%
7. AMD, $AMD: -9%
8. Meta, $META: -8%
9. Amazon, $AMZN: -6%
10. Alphabet, $GOOGL: -6%

US stocks have now erased over $13 TRILLION of market cap since February 19th.

The Nasdaq 100 and S&P 500 are now set to open in bear market territory.

Buckle up.
tweet

⁠The Kobeissi Letter
BREAKING: Japan’s stock market extends losses to -8.5% today to its lowest level since October 2023.

Global stocks have erased well over $20 trillion since February 19th. https://t.co/dkBzySxD7P
tweet

⁠The Kobeissi Letter
BREAKING: Odds of a US recession in 2025 surge to a new high of 67%, per @Kalshi. https://t.co/Hnpio5yK6m
tweet

⁠The Kobeissi Letter
BREAKING: Japan's Prime Minister says he is ready to visit the US and negotiate tariffs with President Trump.

Japan's stock market is currently down nearly -9% on the day.
tweet

⁠The Kobeissi Letter
BREAKING: After initially supporting President Trump's tariffs, @BillAckman says Trump is "losing the confidence of business leaders around the globe."

Ackman warns "economic nuclear winter" unless there is a time-out on tariffs.
tweet

⁠Quiver Quantitative
UPDATE: Before the tariffs were announced, Senator Tommy Tuberville closed out his position in Apple stock.

$AAPL has now fallen 24% since then.

Follow here for alerts on when he buys back in. https://t.co/NK2L8SfmpV
tweet

⁠The Kobeissi Letter
BREAKING: China's stock market officially opens with a -10% drop. https://t.co/dtr5b4gGtl
tweet

⁠The Kobeissi Letter
BREAKING: Gold prices post massive reversal and rise $80 in 30 minutes as global market uncertainty hits new highs. https://t.co/kHRYxJIf4B
tweet

⁠The Kobeissi Letter
BREAKING: Bill Ackman, a long-time Trump tariff supporter, accuses Commerce Secretary Lutnick of "profiting when the US economy implodes."

He says picking Lutnick as Commerce Secretary is an "irreconcilable conflict of interest."

Tariff backlash is heating up. https://t.co/DdBoEjdECr
tweet

⁠Quiver Quantitative
BREAKING: Bill Ackman just said that Howard Lutnick is "long bonds", and profits when our economy implodes https://t.co/QPXJfApNSP
tweet