News

Welcome to our cryptocurrency news page! Here you will find the latest news, analytical articles, and updates from the world of cryptocurrencies. We strive to provide you with the most up-to-date and reliable information.

Have US interest rates been too high for too long? The fed funds rate adjusted for core CPI inflation increased to 2.33%, its highest level since October 2007. Real rates have are up~8 percentage points over the last 2 years as the Fed has sharply hiked rates. Real rates are…
news Twitter - kobeissiletter
a year ago
The Kobeissi Letter for the week of September 9 has been published and may be viewed through the link below: The Chart of the Week for the week of September 9 has been published. View or sign up for FREE through the link below
news Twitter - kobeissiletter
a year ago
Is copper set for another bull market? Bank of America now forecasts that copper supply will be 15% lower, or ~5 million tonnes than demand by 2030. The bank also expects annual copper demand growth to double to 4% per year, driven by renewables, grid infrastructure spending,…
news Twitter - kobeissiletter
a year ago
Americans believe it takes a net worth of $2.5 million to be considered wealthy in 2024. This is 14% higher than the $2.2 million regarded in 2023, according to Charles Schwab. This jump has been driven by rapidly rising living costs in the country. Among different…
news Twitter - kobeissiletter
a year ago
BREAKING: The US personal savings rate dropped to 2.9% in July, its lowest print in 2 years. Savings as a percentage of disposable personal income are is at its second lowest level since the 2008 Financial Crisis. Now, the savings rate has declined for 14 consecutive months.…
news Twitter - kobeissiletter
a year ago
Nvidia stock's, $NVDA, 30-day volatility is now at its highest level since 2022. This comes after the stock rallied 43% in the first three weeks of August and fell 18% in the following week. Now, the chipmaker has erased a staggering $650 billion in market cap since its June…
news Twitter - kobeissiletter
a year ago
This is insane: Full-time employment DROPPED by 1 million workers in August on a year-over year basis, marking the 7th consecutive monthly decline. Since the June 2023 peak, full-time job count in the US has fallen by a whopping 1.5 million. Meanwhile, part-time employment…
news Twitter - kobeissiletter
a year ago
September 2024 has still not seem a single green day in the S&P 500, a great trading setup. We just published our trades for premium members. Since 2020, our calls are up over +340%. Subscribe below to access our analysis and see what we're trading
news Twitter - kobeissiletter
a year ago
Key Events This Week: 1. OPEC Monthly Report - Tuesday 2. August CPI Inflation data - Wednesday 3. Initial Jobless Claims data - Thursday 4. August PPI Inflation data - Thursday 5. Continuing Jobless Claims data - Thursday 6. MI Consumer Sentiment data - Friday This is the…
news Twitter - kobeissiletter
a year ago
BREAKING: Crypto funds saw ~$600 million in outflows last week, the 2nd largest on record. This was only below the 2022 levels when cryptocurrencies experienced a severe bear market. Over the last several weeks, crypto funds have regularly seen outflows unlike in Q1 when weekly…
news Twitter - kobeissiletter
a year ago
BREAKING: Job cuts at US companies jumped 193% in August to 75,891 from the 25,885 cuts announced in July according to The Challenger Report released Thursday. This has been driven by technology firms which announced 39,563 job cuts, the most in 20 months, accounting for ~52% of…
news Twitter - kobeissiletter
a year ago
What happened to ChatGPT?
news Twitter - kobeissiletter
a year ago
For anyone not keeping track: There have only been 6 upward jobs revisions since January 2023. Meanwhile, there have been 13 downward revision with many of these reports being revised down TWICE. Market confidence in labor market data is deteriorating. Something is wrong.
news Twitter - kobeissiletter
a year ago
September is historically the worst week of the year for stocks. In fact, it's the only month with an average return that is negative. This volatility is opportunity. Subscribe to our premium service below to see how we are trading this market
news Twitter - kobeissiletter
a year ago
BREAKING: The S&P 500 has now erased $2.2 trillion of market cap in the first week of September.
news Twitter - kobeissiletter
a year ago
Inflation remains around 3% but the labor market is cracking now. So, this means the Fed has to pick between letting the labor market weaken further or risking a rebound in inflation. Steady 25 basis point rate cuts are the best option given the current economic backdrop.
news Twitter - kobeissiletter
a year ago
BREAKING: Prediction markets are now pricing in a 23% chance of a 50 basis point rate cut this month, according to @Kalshi. This is down a whopping 13 percentage points since the jobs numbers came out this morning. As we have been saying for weeks now, both 50 bps rate cuts and…
news Twitter - kobeissiletter
a year ago
At this point, the jobs data might as well be released on a 1-month lag. Effectively, the initially reported numbers are meaningless this year. Markets are finally starting to catch on to this right now. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
You can't make this up: The June and July jobs reports were just revised lower by an additional 86,000 jobs. This is the SECOND TIME that the June jobs report was revised lower. 6 out of the last 7 jobs reports have now been revised LOWER, per ZeroHedge. In fact, 11 out of…
news Twitter - kobeissiletter TIME TIME
a year ago
BREAKING: The US Treasury yield curve officially ended the longest inversion in the bond market history. On Wednesday, the difference between 10-year and 2-year Treasuries closed positive after 565 consecutive sessions of inversion. Therefore, it broke the previous record…
news Twitter - kobeissiletter
a year ago