Benjamin Bornéus

[Benjamin Bornéus @b_borneus]

@BobLoukas How do yoy analyse, determine and plan out these cycles? Do you have any content that teaches this? @BobLoukas

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump says a deal with Iran is scheduled to be signed tomorrow, immediately reopening the Strait of Hormuz.

[Benjamin Bornéus @b_borneus]

@HormuzLetter Source?

[Benjamin Bornéus @b_borneus]

@KobeissiLetter What happened to the post right below stating trump preparing new attacks? What’s your source?

[Benjamin Bornéus @b_borneus]

@gmorton512 @IBDinvestors Where is the article from?

[The Kobeissi Letter @KobeissiLetter]

Traders are positioning for a major shift in US funding markets:

Daily trading volume in futures tied to the spread between the Secured Overnight Financing Rate (SOFR) and the Federal Funds Rate surged to a record 56,590 contracts on Tuesday.

SOFR is the cost of borrowing cash overnight against US Treasury securities, and is closely tied to the Fed interest rate, making it one of the most important reference rates in global financial markets.

Currently, SOFR is trading at 3.63%, just below the federal funds rate of 3.64%, a sign that cash is still plentiful in the financial system.

Traders are now betting this spread will turn positive, expecting borrowing costs to rise above the Fed's rate, signaling that cash is becoming harder to access.

This comes as the Fed is cutting its monthly Treasury bill purchases to $25 billion from $40 billion, while the Treasury is expected to increase the size of its T-bill auctions in the coming weeks to rebuild its cash balance toward a $900 billion target by the end of June.

Both moves reduce the amount of cash available in the financial system, tightening liquidity conditions that have kept overnight borrowing cheap throughout 2026.

Money market liquidity is set to shrink.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Chinese exports rose +3% YoY in March, the smallest increase since October 2025.

This marks a sharp slowdown from the +40% surge in February.

Chinese imports surged +28% YoY last month, the highest since late 2021, driven by a +50% jump in integrated circuit purchases as AI-related demand accelerated.

Furthermore, nearly 40% of total import growth came from high-tech products.

As a result, China's trade surplus narrowed to +$51 billion, the smallest in over a year.

Meanwhile, exports to the US fell -26% YoY in March, resuming the decline after a brief recovery in February.

AI and geopolitics are reshaping Chinese trade.

[Benjamin Bornéus @b_borneus]

@gmorton512 Hey, where can I find the recording from the webinar?🙏

[Benjamin Bornéus @b_borneus]

@gmorton512 Yes, seems like there is a fee for the site indeed

[Benjamin Bornéus @b_borneus]

@KobeissiLetter Market manipulation at its finest

[Benjamin Bornéus @b_borneus]

@gmorton512 Thanks! But seems like we need to pay to get access to the meetup site?

[Benjamin Bornéus @b_borneus]

@BobLoukas How do you calculate your cycles?

[The Kobeissi Letter @KobeissiLetter]

BREAKING: France's President Macron says it is "unrealistic" to open Hormuz Strait by force.

Macron also says President Trump is "contradicting" himself every day on Iran.

[Benjamin Bornéus @b_borneus]

@KobeissiLetter Why is Lebanon important here?

[Benjamin Bornéus @b_borneus]

@sswetz @gmorton512 Is there anywhere I can read more about the WOO?

[Benjamin Bornéus @b_borneus]

@gmorton512 In the coloring book there is a sheet called WOO for the window of opportunity, there a ”green day” is stated as one of the conditions to confirm a window of opportunity

[Benjamin Bornéus @b_borneus]

@gmorton512 im so sorry, I completely missed that. Thanks for the input