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.

We continue to believe that a 50 basis point interest rate cut is unnecessary at this time. However, Friday’s jobs data could sway things if the unemployment rate spikes again. Labor market data this week will be the most important information at the Fed meeting.
news Twitter - kobeissiletter
a year ago
BREAKING: Prediction market odds of a 50 basis point rate cut in September surge to 37% after the JOLTs jobs data. Total job openings in the US fell to 7.673 million in July, well below expectations of 8.184 million. As a result, odds of a 50 basis point interest rate cut this…
news Twitter - kobeissiletter
a year ago
This is yet another sign that the labor market is weakening. On Friday, we will receive the last jobs report before the September Fed meeting. Buckle up for a wild ride. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
BREAKING: US job openings dropped to 7.67 million in July from 7.91 million in June, the lowest level since January 2021. US available vacancies materially missed expectations of 8.09 million. Since the March 2022 peak, job openings have declined by a MASSIVE 4.51 million or…
news Twitter - kobeissiletter
a year ago
BREAKING: Food prices in the US reached a new all-time high in July. Over the last decade, food prices at home and away from home are now up 30% and 51%, respectively. Since 2020, food prices at home have increased 22% and food prices away from home are up 27%. At the same…
news Twitter - kobeissiletter
a year ago
Nvidia has thrown trillions of Dollars of market cap around in both directions this year. Intel recently posted its biggest daily loss of all time. We continue to believe that volatility is here to stay. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
In 2024, Nvidia, $NVDA, Has: 1. Posted the largest single daily gain of market cap by a stock in history 2. Posted the largest single daily loss of market cap by a stock in history 3. Become the largest public company in the world 4. Erased $1 trillion of market cap in under…
news Twitter - kobeissiletter
a year ago
Oil prices just quietly fell 4.5% today and recorded its lowest daily close of 2024. WTI crude is down 19% since its April high and has erased all of its year-to-date gains. The commodity is now down 1.5% in 2024, at its lowest level since December 2023. Recent declines have…
news Twitter - kobeissiletter
a year ago
Volatility is opportunity and we are capitalizing on it. We are seeing larger swings in both directions as rate cuts and the 2024 presidential election approach. Subscribe to our premium analysis at the link below to access our trades
news Twitter - kobeissiletter
a year ago
BREAKING: Japan's Nikkei 225 plunges nearly 4% at the open after US stocks ended sharply lower. Nvidia, $NVDA, posted the biggest single-day loss of market cap by any stock in history today. Volatility is the new normal.
news Twitter - kobeissiletter
a year ago
Over $1 trillion of market cap was wiped out from stocks today. As antitrust questions enter the picture, large cap tech is facing another headwind. We expect volatility to remain elevated into 2025. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
BREAKING: Nvidia stock, $NVDA, has now erased $360 billion of market cap today including its after hours move. Including the after hours decline, this marks the largest single day loss of market cap for a stock in history. Large cap tech is struggling.
news Twitter - kobeissiletter
a year ago
The DOJ is seeking evidence that Nvidia and other chip companies have violated antitrust laws. This is their first legally binding request for information. Nvidia currently controls 90% of the AI chip market. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
BREAKING: The US Department of Justice has sent a subpoena to Nvidia, $NVDA, related to its antitrust investigation. Today, the stock fell over 9% on no headlines at all. Did someone know?
news Twitter - kobeissiletter
a year ago
September is historically the most volatile month of the year for stocks. We're starting September off on a volatile note. With the election and Fed rate cuts coming, we are bracing for more volatility. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
BREAKING: Magnificent 7 stocks have now erased $550 BILLION of market cap today. Nvidia, $NVDA, is on track for its largest daily drop since April 2024. Volatility is here to stay.
news Twitter - kobeissiletter
a year ago
JUST IN: US manufacturing has officially contracted for the 5th consecutive month, to 47.2 points. The ISM manufacturing PMI index missed expectations of 47.5 points for last month. New orders fell to 44.6 points from 47.4 in July, experiencing contraction for the 3rd straight…
news Twitter - kobeissiletter
a year ago
September is historically the worst month of the year for stocks: The S&P 500 has fallen -2.3% on average in September over the last 10 years, marking the only month with negative returns. Since World War II, the average September return has been negative, at -0.8%. Moreover,…
news Twitter - kobeissiletter
a year ago
As we have posted multiple times, we expect volatility to remain elevated. As a trader, volatility is opportunity and our premium clients continue to capitalize on it. Subscribe to our premium analysis at the link below to access our trades
news Twitter - kobeissiletter
a year ago
Current situation: 1. Stocks are falling like the big tech bubble has popped 2. Oil prices are falling like we are entering a recession 3. Gold prices are falling like rate cuts got cancelled 4. Bond prices are falling like inflation is on the rise 5. Natural gas prices are…
news Twitter - kobeissiletter
a year ago