⁠The Kobeissi Letter
BREAKING: The Nasdaq 100’s decline accelerates to -4.3% as the White House says tariffs on China are at 145%. https://t.co/rp4xW5euXz

We now know Trump's TOP economic priority:

For weeks, President Trump said there would be NO tariff delay, even as stocks erased $12+ TRILLION.

Then, the bond market BROKE and a 90-day tariff pause was implemented 12 hours later.

Keep watching bonds.

(a thread) https://t.co/M3AltQqjee - The Kobeissi Letter
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⁠Quiver Quantitative
JUST IN: Representative Ro Khanna just introduced the "Drain the Swamp Act".

It would ban lobbyists from giving gifts to administration officials.
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⁠The Kobeissi Letter
BREAKING: Gold extends surge toward $3200/oz as U.S. equity markets decline.

The Dow is now down over -1,300 points on the day. https://t.co/pYnon3HnnY
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⁠The Kobeissi Letter
The market is now realizing that we still have:

1. 10% baseline tariffs on all countries globally

2. 25% tariffs on automobile imports to the US

3. 25% tariffs on steel and aluminum tariffs

4. 25% tariffs on imports from Canada and Mexico

5. 145% tariffs on imports from China

This list also does not include all retaliatory tariffs imposed on the US.

The 90-day pause in "reciprocal tariffs" does not even temporarily end the trade war.

The trade war is in full swing still.
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⁠The Kobeissi Letter
BREAKING: Dow losses accelerate to -1,550 points on the day, on track for the 7th largest daily point decline in history. https://t.co/ef5iuYztSs
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⁠Quiver Quantitative
Speaker of the House Mike Johnson just gave out a free stock tip to reporters: https://t.co/Gbe2HFH5Be
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⁠The Kobeissi Letter
BREAKING: The S&P 500 is now 2% away from triggering its first circuit breaker since March 2020. https://t.co/uT9zFv9Yq5
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⁠Quiver Quantitative
RT @PabloReports: JUST IN: @AOC asked about congressional stock trading surrounding Trump's tariff announcements ... tells reporters there is bipartisan support for legislation to ban trading, even if GOP-led House won't investigate flagrant cases. https://t.co/UGrrEn0yq6

We've already reported on some congressional stock purchases before the announcement of the tariff pause.

@AOC seems to be suggesting that there may be more: https://t.co/yNjJq2hP3u - Quiver Quantitative
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⁠Finding Compounders
A great business at the wrong price will result in a bad investment https://t.co/p4IuLzkFdf
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⁠The Kobeissi Letter
Trade war insanity:

Only in 2025 does a 5% swing in the S&P 500 feel "normal" while options on market indices move 200%+ per day.

One of our premium members is now up +4,800% over the last 3 months, turning <$1000

@TKLSubscribers I’m TP here. Yesterday’s IV crush was brutal https://t.co/IBU0JJt36r - EA Market Timing
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