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https://x.com/i/lists/1669153613199835138?t=R0mCicxs7zfJE_yOAek4gQ&s=09
Quiver Quantitative
Ted Cruz: “I don’t think it would be a good idea to have tariffs in perpetuity”
https://t.co/zqKPl7R5eA
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The Kobeissi Letter
BREAKING: The European Union is preparing to fine Elon Musk's X $1 billion for "disinformation." https://t.co/oNfD4KcqkD
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The Kobeissi Letter
BREAKING: The S&P 500 posts its worst day since June 2020 and officially closes down -4.8%, its lowest close since August 2024.
The Russell 2000 is officially in a bear market and the Magnificent 7 are down -25% from their high. https://t.co/f1yJtTpqKL
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7
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The Kobeissi Letter
BREAKING: The S&P 500 falls to a new low of the day, currently down -4.6% today.
Now down -11.5% since February 19th. https://t.co/AccJShf4gC
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The Kobeissi Letter
President Trump on March 6th: "I'm not watching the stock market.
President Trump today: https://t.co/h0kkwDShrG
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The Kobeissi Letter
Retail investors are becoming even more bearish:
The share of individual investors expressing bearish sentiment over the next 6 months in the AAII survey hit 61.9%, the most since March 2009.
This is also the 3rd-highest reading since the survey began in 1987.
By comparison, the 2022 bear market peak was 60.8%.
AAII Bearish Sentiment has been above 55.0% for 6 consecutive weeks, the longest stretch since the 1990s.
This has surpassed the previous 5-week streaks during the 2008 Financial Crisis and the 2022 bear market.
Market sentiment has rarely been this pessimistic.
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AkhenOsiris
On some planet, far far away...Stephanie Link and Jim Lebenthal were fully invested going into Liberation Day announcement.
Ok, ok, I'm kidding...the planet is not far, it's Earth and this is real...so they have no capital to deploy in this nasty tape and are forced sellers essentially.
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AkhenOsiris
Reuters:
Cambodia is facing tariffs of 49% that will hurt its garment and footwear industries and promise to crush hopes that it could attract investment relocating from other countries in the region.
It is a "very, very serious situation for the economy," said a Cambodia-based investment consultant who declined to be identified.
There is "nothing that Cambodia can offer as a negotiating tool, and will be at the back of a very long queue," he added.
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Investing visuals
It might feel very uncomfortable, but days like today are the best time to add to your favorite stocks.
Did you do some buying today? https://t.co/1uQsi0fRIl
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The Kobeissi Letter
The most shocking part about President Trump's "reciprocal tariffs" day:
The fact that tariffs were imposed on 185 countries AT ONCE and the news was not leaked in advance is incredible.
This is likely the largest wave of tariffs imposed by the US in history, and markets had no idea it was coming.
In fact, after the initial announcement of 10% baseline tariffs, stocks RALLIED because markets thought "that was all."
Then, when President Trump picked up the poster as shown below, stocks erased $2 trillion in minutes.
We are truly witnessing history.
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The Kobeissi Letter
The results of our below poll are extremely interesting.
The MAJORITY of the 50,000 votes currently support President Trump's tariffs.
POLL: Do you support President Trump's tariffs?
Explain your reasoning in the comments.
- Yes
- No
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Finding Compounders
Using Mathematics to Make Money by Jim Simons https://t.co/5XIoPJpRs5
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Quiver Quantitative
Senator Bernie Moreno just said:
"I would go out and buy stocks today...there's no reason that Apple stock should be down." https://t.co/WdeUYxyP4K
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The Kobeissi Letter
BREAKING: Canadian Prime Minister Carney says Canada will impose 25% tariffs on all vehicles imported from the U.S. that are not compliant with the USMCA trade deal.
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj
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The Kobeissi Letter
BREAKING: Dow Futures extend losses in after hours trade to -1,800 points on the day. https://t.co/5lC4nL1WAV
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The Kobeissi Letter
WOW.
Today marked the largest single-day point loss for the Nasdaq 100 in HISTORY.
The index lost a total of -1060 points and came just 1.5% away from triggering the first circuit breaker since March 2020.
Buckle up folks. https://t.co/FeVLOO2Swp
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7
tweet
The Kobeissi Letter
It's official:
After "Liberation Day," the Russell 2000 has closed in BEAR market territory for the first time since 2022.
Over the last 24 hours, S&P 500 stocks have erased -$120 billion PER HOUR for a total of -$2.9 trillion.
What's next? Let us explain.
(a thread) https://t.co/SzOJhxshf7
tweet
The Kobeissi Letter
BREAKING: Stock market losses reaccelerate and fall toward a new low of the day with the Nasdaq 100 down -1,000 points. https://t.co/905rIXQkkJ
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The Kobeissi Letter
BREAKING: President Trump comments on the stock market's reaction and says "it's going very well" and the "market is going to boom."
We just witnessed history:
After "Liberation Day" tariffs, the weighted-average US tariff rate has jumped to a whopping 29%.
Not even the Smoot-Hawley Act during the 1930s Great Depression saw tariff rates this high.
Are you ready for what's next?
(a thread) https://t.co/kOLjN5xNnj
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AkhenOsiris
I'm convinced that even if Jamie Dimon was in the administration, he'd be spouting the exact same b.s. as Lutnick, Bessent, etc. on tv today.
Joining the admin makes you highly regarded. Your education reverts to that of a toddler.
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AkhenOsiris
Yes, Xi can control this 😂Lutnick: "20% China tariff would drop if Xi offers fentanyl cuts"- Consensus Media
I see you Apple -8%
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AkhenOsiris
Before the tariff barrage started a few weeks ago, there was still a camp that thought they would be used as a threat only and never put on 😂
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AkhenOsiris
Actually seeing a cpl of upgrades this morning, Block and Zscaler...get the fack outta here 😂
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Investing visuals
$NVDA is down 🔻30% from its January high.
Meanwhile:
🔹Revenue is growing 70%
🔹Free cash flow is up 125%
🔹It is trading at its lowest valuation in 6 years https://t.co/itUeqKKIti
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Finding Compounders
Peter Lynch on when to sell https://t.co/LJsbEKIFb0
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Investing visuals
$AMZN, $MSFT & $GOOGL: Why a long-term perspective matters. https://t.co/waFKJe7jTe
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The All-In Podcast
Bryan Johnson lays out deceptive practices by the food industrial complex
@bryan_johnson:
"There was a law passed by California that said, 'Baby food providers have to disclose heavy metals in their foods.'"
"So it went into effect January 1. So we go to Gerber's website. I can't find heavy metals results anywhere."
"And then I realized, my VPN's on, and I'm coming from a server outside of California."
"They've IP blocked it to California only origination, and they hide it."
@friedberg:
"No way. Wow."
@Jason:
"These (companies) are nefarious."
Bryan:
"It's really not good."
Friedberg:
" The system needs to be challenged and whatever's left will get hardened and whatever shouldn't be there will get blasted away and that's it."
Jason:
"But you gotta name and shame."
"That's the thing that really pisses me off. You gotta name and shame in order for them to do what's right."
Thanks to our partners for making this happen:
-- @gemini: https://t.co/inOdTdXC9i
-- @function: https://t.co/j1Z6TZUJka (use gift code ALLIN100 for $100 off membership - limited to the first 1K listeners)
-- @niagenplus: https://t.co/n6kmd4PgAN
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Quiver Quantitative
BREAKING: Canada just announced its response to the new US tariffs. https://t.co/xlxjy7g9hr
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The Kobeissi Letter
TECH STOCKS TODAY:
1. AppLovin, $APP: -13%
2. Robinhood, $HOOD: -12%
3. Apple, $AAPL: -9%
4. Amazon, $AMZN: -9%
5. Tesla, $TSLA: -8%
6. Broadcom, $AVGO: -8%
7. Meta, $META: -8%
8. Nvidia, $NVDA: -7%
9. AMD, $AMD: -6%
10. Alphabet, $GOOGL: -4%
The S&P 500 has now erased over $2 TRILLION today and the Russell 2000 is in bear market territory.
The Nasdaq 100 is just 2% away from entering its first bear market since 2022.
Truly a historic day in the market.
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