ANNOUNCEMENT:
We are excited to present The Kobeissi Letter’s 2024 performance report.
Our setups have returned +371.7% since 2020, significantly outperforming the S&P 500’s +83.0% return over the same period.
Our S&P 500 setups provided a net return of +38.1% in 2024, also outperforming the S&P 500's 2024 return of +23.8%.
The net return on our calls across all sections was +8.1%, building on +15.5% in 2023, +92.8% in 2022, +35.3% in 2021, and +44.8% in 2020.
Since 2020, we have returned +39.3% per year on average, well ahead of the S&P 500’s +14.4% average annual return since 2020.
Read the full annual report here:
https://t.co/p5CVL5ZckU
BREAKING: Elon Musk's SpaceX is reportedly preparing for an IPO in 2026 that would raise $30 billion and value the company at $1.5 trillion.
This would make SpaceX the largest IPO in history.
BREAKING: Nvidia, $NVDA, chips being sold to China will undergo a "special security review" in the US before they are exported, per WSJ.
Nvidia’s H200 AI chips that are part of the deal would mainly be manufactured in Taiwan.
From there, they would travel to the US for a national-security review, then the chips would then be sent to China.
The US car affordability crisis is worsening:
The average price of a new car is now up to a record $50,000, according to Kelley Blue Book.
Meanwhile, the average new car loan amount is up to a record $41,000.
Since the start of 2020, the average amount financed on a new vehicle has risen +$9,000, or +28%.
Meanwhile, total auto debt jumped +$4.0 billion in October, to an all-time high of $1.56 trillion.
Americans are borrowing more than ever to "afford" cars.
This chart is insane:
The current rally in Silver prices makes 2020 and 2008 look like a rounding error.
Now on track for the largest 12-month gain since 1979.
A new era of monetary policy is coming.
@KobeissiLetter I share my real-time TRADE alert (entry & exit points) on WhatsApp, free to join ✅
➡️Copy search input Reply “777” to WhatsApp: +14064022741
Here’s the link:https://t.co/BBC5OTKBOG