The Kobeissi Letter (@KobeissiLetter)

It's official: For the first time in history, Moody's has downgraded the United States' credit rating. Moody's cites concerns over soaring US debt levels with interest on US debt set to hit 30% of REVENUE by 2035. What does it all mean? Let us explain. (a thread) ...

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) ...

The BULL trap: We just witnessed the biggest bull trap of 2025 with the S&P 500 erasing a ~4.5% rally in ~3 hours. Between 10:30 AM ET and 3:15 PM ET, the S&P 500 erased -$2.3 TRILLION of market cap. Bull traps are TEXTBOOK signs of a bear market. (a thread) ...

This is truly insane: On February 20, JP Morgan CEO Jamie Dimon sold $234 million worth of $JPM stock. On February 22, Warren Buffett disclosed a record $334 BILLION cash balance. 30 trading days later, the Nasdaq 100 crashed -24%. How did they know? (a thread) ...

Get ready for a wild day: A massive $4.7 TRILLION worth of options are expiring today, based on notional value. This includes a whopping $2.8 trillion of S&P 500 options and $645 billion of single stock options. What does it mean? Let us explain. (a thread) ...

A LOT happened last night: As of 12:01 AM ET, largest US tariff hike since 1930 went LIVE and China has announced 15% retaliatory tariffs. The S&P 500 and crypto are now extending 2-day losses to a massive -$2 TRILLION. Here's what you need to know today. (a thread) ...

What just happened? The Dow just went from being up +300 points at the open to falling as much as -1,100 points in hours. Between 10:00 AM and 3:30 PM ET, the S&P 500 erased a whopping $1.5 trillion in market cap. Here's exactly what you need to know. (a thread) ...

This keeps getting worse: Hayden Davis, an insider behind the memecoin endorsed by Javier Milei, $LIBRA, said they made "more or less $110 MILLION." Some insiders were reimbursed $5+ million while retail saw -$4.4 BILLION of market cap erased. What is happening here? (a thread)...

This is absolutely insane: Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000. In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC. What is happening? Let us explain. (a thread) ...