⁠The Kobeissi Letter
BREAKING: US utility stocks post $318 million in net outflows, also marking their 9th weekly withdrawal over the last 10 weeks.

The 4-week average of outflows reached $261 million, the highest in 5.5 years.

By comparison, the 2022 bear market high was ~$200 million, according to BofA.

This is all despite utilities outperforming the broader market this year.

The utilities sector has risen 3.5% year-to-date, beating the S&P 500 and the Nasdaq 100's decline of -10.2% and -13.1%.

Are utilities pricing-in a recession?
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⁠Investing visuals
Genuinely considering limiting replies to verified users only, getting over 10 bot replies on every post.

Should I?
- Yes
- No
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⁠The Kobeissi Letter
President Trump is now officially selling a “Trump 2028” hat, in the first sign of Trump wanting to run for a 3rd term. https://t.co/lqfMQ0o2iZ
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⁠soken
RT @TheBoysOOCC: Never forget this legendary magazine cover shoot. #TheBoys https://t.co/hWT6nS3zvn
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⁠soken
RT @TrendPSPK: With 100% strike rate, All 21/21 MLAs of @JanaSenaParty will enter Assembly tomorrow, June '21' 🎯💥

@PawanKalyan garu is coming to Assembly for the first time as Deputy Chief Minister of Andhra Pradesh. 🔥

God's Script 🥵 https://t.co/Syh2qunet5
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⁠soken
RT @CamCWFL: @DailyLoud Him walking back to his team https://t.co/IacAJJWwKy
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⁠soken
did you buy the bottom last night?
me last night

Seal sleeping underwater https://t.co/be7C2wAoRj - Domenico
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me and bro after found 100x https://t.co/GfHmWdvJsh
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⁠soken
tariff war? why don't Bitcoin war https://t.co/9bS6OdPNww
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⁠soken
bull keeps bro on crypto

This was too wholesome to not share https://t.co/CcTYyKNrWc - TCL
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