⁠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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⁠The Kobeissi Letter
BREAKING: The S&P 500 is now down -6.1% in its largest decline since March 2020.

We are ~50 points away from the first circuit breaker in 5 years.
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⁠Quiver Quantitative
BREAKING: @AOC says she is very interested in which politicians from both parties were trading before the tariff pause.

Not sure if she's seen our reports yet. https://t.co/ErnxITis41
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⁠The Kobeissi Letter
BREAKING: China and the European Union have begun negotiations to eliminate EU tariffs on Chinese electric vehicles.

As the US ramps up tariffs on China, the EU is attempting to reduce tariffs on China in an effort to build trade relations.
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⁠The Kobeissi Letter
BREAKING: Recession worries rebound with odds of a recession in 2025 up to 63% today, per @Kalshi. https://t.co/NFrOdFr7mP
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⁠The Kobeissi Letter
BREAKING: President Trump was just asked about today's stock market drop.

His response: "I have not seen it."
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⁠Investing visuals
The harder the downturn, the sweeter the rebound. https://t.co/WXpmOklMGA
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⁠The Kobeissi Letter
President Trump told us the truth all along:

He's not watching the stock market, he's watching the bond market.

It's all about interest rates right now.

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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⁠Finding Compounders
Warren Buffett on why Berkshire invested in railroads

“ You can’t move the railroad to China or India “ https://t.co/2D477G6cyF
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⁠The Kobeissi Letter
Lots of headlines and rumors about Trump "asking the Supreme Court to fire Powell."

Here's what really happened:

President Trump asked the Supreme Court to "let him fire top officials at 2 independent agencies," per Bloomberg.

This *could* test whether Trump has the power to fire Fed Chair Powell.

Trump did NOT explicitly ask to fire Powell.
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⁠The Kobeissi Letter
BREAKING: Consumer egg prices in the US rise to a new record high, up another 5.6% in March, per Bloomberg.

Retailers are reportedly worried about supply. https://t.co/D55OXnZCcb
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⁠The Kobeissi Letter
The only asset that has told a consistent story for the last 6+ months:

Gold. https://t.co/XdyTQINhZU
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