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The Kobeissi Letter
This is unusual:
At 1:02 PM ET, the S&P 500 surged nearly +1% in 4 minutes without any major news.
By 1:10 PM ET, the +1% rally was largely erased.
Then, exactly 8 minutes later at 1:18 PM ET, President Trump announced the 90-day tariff pause.
Did someone know? https://t.co/7zcXvVZZLm
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This is unusual:
At 1:02 PM ET, the S&P 500 surged nearly +1% in 4 minutes without any major news.
By 1:10 PM ET, the +1% rally was largely erased.
Then, exactly 8 minutes later at 1:18 PM ET, President Trump announced the 90-day tariff pause.
Did someone know? https://t.co/7zcXvVZZLm
tweet
Offshore
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The Kobeissi Letter
BREAKING: President Trump says he was watching the bond market and "the bond market right now is beautiful."
The 10Y note yield is up +50 bps over the last ~3 days.
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BREAKING: President Trump says he was watching the bond market and "the bond market right now is beautiful."
The 10Y note yield is up +50 bps over the last ~3 days.
The bond market just BROKE:
In just 3 days, the 10Y Note Yield surged 60 basis points while the S&P 500 fell -8%.
This marks the LARGEST 3-day increase since 1982 and one of the largest divergences in history.
What happened? The basis trade broke.
(a thread) https://t.co/GQt4xjAXze tweet
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Quiver Quantitative
This is pretty wild.
Marjorie Taylor Greene bought $RH during the tariff dip.
It caught our attention, because it was her first time ever buying the stock.
It is up 27% today after the announcement of the tariff pause. https://t.co/z5SZThcDxj
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This is pretty wild.
Marjorie Taylor Greene bought $RH during the tariff dip.
It caught our attention, because it was her first time ever buying the stock.
It is up 27% today after the announcement of the tariff pause. https://t.co/z5SZThcDxj
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Quiver Quantitative
Nancy Pelosi has made $10.5M in the stock market today, per our estimates.
Track live on Quiver: https://t.co/PfYXfve5sw
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Nancy Pelosi has made $10.5M in the stock market today, per our estimates.
Track live on Quiver: https://t.co/PfYXfve5sw
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The Kobeissi Letter
BREAKING: The Dow is now up over +3,000 points for the first time in history. https://t.co/I9R6RcyErH
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BREAKING: The Dow is now up over +3,000 points for the first time in history. https://t.co/I9R6RcyErH
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The Kobeissi Letter
BREAKING: The Nasdaq Composite closes +12.1% higher officially posting its 2nd largest gain in history. https://t.co/UG25zWzq2O
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BREAKING: The Nasdaq Composite closes +12.1% higher officially posting its 2nd largest gain in history. https://t.co/UG25zWzq2O
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The All-In Podcast
Former Uber CEO Travis Kalanick on Competing in China
"There's no way I could express the frenetic intensity of copying that they would do on everything that we would roll out in China."
On All-In E213, @travisk broke it down:
" It was so epically intense that I basically had a massive amount of respect for their ability to copy what we did."
"I just couldn't believe it."
"We would do real hard work. We'd dial it, and it would be epic, and it would be awesome."
"We'd roll it out, and then like two weeks later, boom! They've got it. A week later, boom! They've got it."
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Former Uber CEO Travis Kalanick on Competing in China
"There's no way I could express the frenetic intensity of copying that they would do on everything that we would roll out in China."
On All-In E213, @travisk broke it down:
" It was so epically intense that I basically had a massive amount of respect for their ability to copy what we did."
"I just couldn't believe it."
"We would do real hard work. We'd dial it, and it would be epic, and it would be awesome."
"We'd roll it out, and then like two weeks later, boom! They've got it. A week later, boom! They've got it."
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The Kobeissi Letter
BREAKING: The odds of a recession in 2025 fall to 55% after the 90-day tariff pause, per @Kalshi. https://t.co/ixfUTUjx5D
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BREAKING: The odds of a recession in 2025 fall to 55% after the 90-day tariff pause, per @Kalshi. https://t.co/ixfUTUjx5D
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