⁠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
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⁠The Kobeissi Letter
BREAKING: Odds of a US recession in 2025 surge to a new high of 67%, per @Kalshi. https://t.co/Hnpio5yK6m
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⁠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.
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⁠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.
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⁠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
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⁠The Kobeissi Letter
BREAKING: China's stock market officially opens with a -10% drop. https://t.co/dtr5b4gGtl
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⁠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
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⁠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
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⁠Quiver Quantitative
BREAKING: Bill Ackman just said that Howard Lutnick is "long bonds", and profits when our economy implodes https://t.co/QPXJfApNSP
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⁠Finding Compounders
Drivers of Total Shareholder Return

Source : Total Shareholder Return by Michael J. Mauboussin and Dan Callahan https://t.co/ZRDA2QoNOv
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