The Kobeissi Letter @KobeissiLetter
21 of this account's posts made the board, 6 reached the top 3.
2.7M followersFinance 16AI 4Crypto 1 Follow on X
Stories from this source
-
BOJ balance sheet shrinks
BOJ assets fell $98B in Q3 to $3.95T, down $828B since the 2024 peak.
-
China Industrial Profits Slow
China's August industrial profits rose 4.2% YoY, weakest since Nov 2025, the 4th straight monthly slowdown.
-
US Deficit Soars
Kobeissi Letter notes US deficit surges despite low unemployment, cumulatively $14.18T since 2020.
-
Hedge Fund Mag7 Exposure Record
Hedge funds' net exposure to the Magnificent 7 rose to a record 22%, up 7 points since July and above the June 2024 peak of 21%.
-
US Semiconductor Imports Surge to Record
US semiconductor imports surged $2.4 billion in August to a record $15.4 billion, up 185% year-over-year.
-
China central bank adds 23t gold in September
China's central bank bought 23 tonnes of gold in September, its largest monthly purchase since Sept 2023, a 23rd straight month, lifting 2026 total to 103 tonnes and holdings to a record 2,410 tonnes.
-
OpenAI Annualized Revenue Misses Estimates
The Nasdaq 100 fell 1.5% as oil rose and OpenAI's annualized revenue came in $20 billion below expectations.
-
Trump Calls AI Term Users Enemies
Trump said the White House considers anyone using the term 'Artificial Intelligence' an enemy.
-
Starbucks Explored Chipotle Acquisition
Chipotle stock surged over 6% on reports Starbucks explored a takeover, a deal that would create a combined company with almost $50 billion in annual sales.
-
Retail equity allocation hits 2017 high
AAII survey shows retail stock allocation rose to 71.8% in September, highest since December 2017, as cash allocation fell.
-
Brent Crude Tops $105 on Iran Tensions
Brent crude rises above $105/barrel on reports Trump is considering resuming 'major combat operations' in Iran.
-
Broadcom Seeks $50B for OpenAI Chips
Kobeissi says Broadcom seeks over $50B for OpenAI's chip, with Apollo and Blackstone among lenders.
-
Europe funds US AI infrastructure buildout
The Kobeissi Letter says a chart shows Europe financing the US AI buildout, with the AI race now only between the US and China.
-
Iran Won't Give Up Enrichment
A senior Iranian official told Reuters Iran will never give up uranium enrichment, with no US talks underway; Brent crude rose above $102.
-
Top 10 S&P concentration
Kobeissi says ~41 cents of every S&P 500 dollar goes to the top 10 stocks, with Nvidia alone at 8 cents.
-
SpaceX to Borrow $40B for Nvidia Chips
Per Bloomberg, SpaceX is in talks to raise $40B of debt to buy Nvidia chips, seeking ~$10B in bank loans and $30B in investment-grade debt.
-
Crypto Card Payments Hit $12.5B
Crypto card payment volume hit a record $12.5 billion, up 140% YTD, driven by stablecoin payment adoption.
-
US Real Wages Fall Fifth Month
Kobeissi notes US real hourly earnings fell 0.3% YoY in September, the fifth straight decline, with CPI above 3% for six months.
-
Hormuz Oil Exports Rebound
Persian Gulf crude exports surpassed 14M bpd last week, up 210% from March lows and recovering to ~80% of pre-war levels.
-
US AI jobs surge 750k since 2023
LinkedIn estimates over 750,000 US AI-linked jobs added since 2023, led by 282k data annotators, 117k data center and 105k AI engineer roles, median pay ~$180k.
-
Musk says SpaceXAI to be renamed SpaceXSI
Kobeissi Letter says Musk stated SpaceXAI will be renamed SpaceXSI after Trump renamed AI to Super Intelligence.