Kobeissi Letter

A widely watched labor market sentiment indicator has dropped to its lowest level since early 2017, excluding the pandemic spike, signaling potential trouble ahead for the U.S. job market. What Happened: On Wednesday, The Kobeissi Letter shared the results of the recent Conference Board's Consumer...

The foreign inflows in the U.S. equity funds have started “re-accelerating,” putting 2025 on the path to become the second-largest year of record inflows of $136 billion, annualized as of mid-2025. What Happened: According to an X post by the Kobeissi Letter, since 2020, overseas...

As the market recovers from April lows, the heavyweights are back in action after a brief respite, with the Magnificent 7 stocks leading nearly 55% of the S&P 500’s market capitalization recovery. What Happened: “The Magnificent 7 alone have accounted for nearly 55% of the total...

The Federal Court’s decision to strike down President Donald Trump‘s tariffs could have a widespread effect on the economy, stock market and individual companies, which were starting to settle with the idea of higher duties. What Happened: Considering the same level of imports from 2024...

MicroStrategy Inc. (NASDAQ:MSTR) stock has seemingly diverged with respect to the movement in Bitcoin (CRYPTO: BTC) prices, this trend has been pronounced since the company started issuing more 0% convertible notes in November. What Happened: MicroStrategy has fallen by 20.34% month-to-date about...

Even with the Federal Reserve poised to end all hopes of a March rate cut on Wednesday, the S&P 500 index remains at record levels. Adam Kobeissi, author of The Kobeissi Letter on X said on Tuesday: “Even as three interest rate cuts were removed from market forecasts, the S&P 500 is...

Fears of a severe economic downturn are fading as economic growth continued to outpace expectations, and on Tuesday, the International Monetary Fund (IMF) backed up hopes of a soft landing in its quarterly report. The Washington, D.C.-based IMF said economic resilience seen in the second half of...

Inflation overshot expectations in December and raised the question of whether the Federal Reserve’s dovish pivot at its last policy meeting might have been too soon. It’s been a tough slog for the Fed to get inflation back down to its 2% target and, as long distance runners know, it...

What happened to the Santa Claus Rally? The S&P 500 index was going along nicely. It was up 14% since the end of November, supported by an increasingly dovish Federal Reserve. And then, on Wednesday, it proceeded to sink 1.4%. While the index was up by 0.6% in early trade on Thursday, nervous...

The gap between the “Magnificent 7” tech giants listed on NASDAQ and the rest of the S&P 500 is widening. The collective performance of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:META), Microsoft Corp...

As the Twitter handle of the “Kobeissi Letter” discussed the ramification of the banking crisis, Tesla CEO Elon Musk highlighted a serious crisis waiting in the wings. What Happened: More than $2.5 trillion in commercial real-estate debt is set to mature over the next five years, the...

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