The Kobeissi Letter

The Kobeissi Letter

927,416 Twitter followers

Follow

Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com

Posts

The Kobeissi Letter

Innovation is winning: Tesla, $TSLA, is now on track to post a record high close, adding +$850 BILLION since April 2025. This makes Tesla $1.5 trillion company. Elon Musk has done it again.

The Kobeissi Letter

US households who own assets are winning: Equities and mutual funds held by US households equaled 307% of disposable income in Q2 2025, an all-time high. This percentage has increased +43 points since Q4 2019, significantly outpacing gains in disposable income. During the same period, real estate's percentage of disposable income increased +33 points, to 216%. Including pension fund entitlements and other assets, total household assets are up to a record 835% of disposable income. This is +55 percentage points higher than the 780% seen in Q4 2019. Asset owners are winning.

The Kobeissi Letter

BREAKING: Bitcoin falls below $87,000 as $200 million worth of levered longs are liquidated in 30 minutes.

The Kobeissi Letter

BREAKING: Silver prices have reached parity with oil prices for the first time since the 1980s. One silver ounce is currently worth $63.80, or $6.50 more than one barrel of WTI Crude Oil at $57.30. By comparison, WTI Crude Oil prices were 5.5 times higher than silver prices in mid-2022. Since then, silver prices have surged +206% while oil prices have dropped -44%. WTI Crude is now on track for its worst year since the 2020 pandemic decline, down -20%, while silver is on its best annual performance since 1979, up +115%. We are witnessing a major macroeconomic shift.

The Kobeissi Letter

Is a "Santa Claus" Rally on the way? Since 1929, the S&P 500 has risen in 79% of Santa Claus Rally periods, with an average return of +1.6%. The Santa Claus Rally covers the last 5 trading days of December and the first 2 trading days of January. Similarly, since 1950, the S&P 500 has posted positive results in 79% of these periods, averaging +1.3%. Over the last 8 years, the index has declined during the Santa Claus window only once. All while the last 2 weeks of December have been the best weeks for stocks over the last 75 years. We may see the S&P 500 at 7,000 by year-end.

The Kobeissi Letter

BREAKING: President Trump says the US has taken in $18 trillion due to tariffs.

The Kobeissi Letter

The Kobeissi Letter for the week of December 15th has been published and may be viewed through the link below: tinyurl.com/TheKobeissiLetter… The Chart of the Week for the week of December 15th has been published. View or sign up for FREE through the link below: tinyurl.com/TKLChartofWeek

The Kobeissi Letter

US consumer appetite for holiday spending is falling: In November, Americans estimated that they would spend an average of $778 on holiday gifts, down -$229 from October. This marks the largest drop in expected holiday spending in data going back to 2006, according to a Gallup survey. This is also -$234 lower than last year’s November spending expectations of $1,012. By comparison, during the 2008 Financial Crisis, the November decline was -$185. Both high- and low-income Americans lowered their expectations last month. Stagflation is weighing on US consumer spending plans.

Loading..