The Kobeissi Letter
S&P 500 futures hit record, push index market cap above $71T
S&P 500 futures rose to an all-time high, pushing the S&P 500’s aggregate market capitalization above $71 trillion, according to The...
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Shipping costs for West Africa-China crude jump to $27.22 per barrel
Physical crude oil shipping costs have surged: transporting 2 million barrels from West Africa to China now costs $27.22 per barrel, up from about...
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Elon Musk renames SpaceXAI to SpaceXSI
Elon Musk reportedly said SpaceXAI will be renamed to SpaceXSI after President Trump changed the term Artificial Intelligence to Super Intelligence....
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1.4 million households control record 32.5% of US household wealth
US household wealth concentration has reached a new high: out of 134.8 million households, about 1.4 million households, or the top 1%, control...
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Europe agrees to release diesel reserves, Trump says
President Trump stated that Europe agreed to release a large quantity of diesel oil. No details on volume, timing, participating countries, or...
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Nvidia hits record high, reaches $5.7 trillion market cap
Nvidia reaches a record-high market capitalization of $5.7 trillion. A $10,000 investment made 10 years ago would be worth $1,580,000 today. This...
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Nike shares drop 6% to 2013 low after weak earnings
Nike shares fell 6% to the lowest level since September 2013 after reporting weaker-than-expected earnings. The stock is down 82% from its record...
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US changes PCE method, lowers July core and headline by 30 bps
The latest PCE inflation print will be discounted by markets due to a US methodological change that alters how three categories are measured and...
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Fed's preferred inflation gauge falls to 3.4%, below 3.7% forecast
US August PCE inflation, the Federal Reserve’s preferred gauge, undershot forecasts, and prior month figures were revised lower. Rate hike...
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US 30-year Treasury yield surpasses 5.60% first time since June 2002
The US 30-year Treasury yield moved above 5.60% for the first time since June 2002. It has risen 36 basis points month-to-date. The source expects...
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Iran agrees to halt uranium enrichment for US sanctions relief
Reports indicate that Iran agreed to halt uranium enrichment in exchange for US sanctions relief, according to Al Hadath. Separate reports minutes...
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US 10-year yield hits 19-year high; gold, silver fall 4–5%
Spot gold and silver extended intraday losses to roughly 4% and 5% as the US 10-year Treasury yield reached a 19-year high. The combined market...
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Nvidia launches $235 billion stock buyback, largest in US history
Nvidia announced that its board approved a $150 billion increase to its share-repurchase program, raising total buyback authorization to $235...
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Trump rejects Iran's 7-day ceasefire, plans strikes after November midterms
A report attributed to the Wall Street Journal and relayed by The Kobeissi Letter states that President Trump rejected an Iranian proposal for a...
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Middle East and Russia cut diesel supply by 1.1 million bpd
Global diesel supply has contracted sharply, with the largest losses coming from the Middle East and Russia between March and August 2026 compared...
