The Kobeissi Letter (@KobeissiLetter)
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) ...
WOW. Donald Trump’s memecoin, $TRUMP, DOUBLED overnight and is currently trading up more than +28,000% in 36 HOURS. The coin is now up more than the S&P 500 has returned since 1971, or 54 YEARS of returns. Why did it double overnight? Let us explain. (a thread) ...