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This week's Kobeissi Letter is out now! Check out the August 3rd edition via the link below:
https://t.co/Cm7TV5bdl9
Also just dropped the Chart of the Week for August 3rd. Peek at it or subscribe for free here:
https://t.co/JpeF30PxZu
Dan Niles says this isn't even a real pullback. 👀
The semi index saw two separate 50%+ drops in the '90s—late '95 and late '97. Right now, we're only down about 25% from the peak. "That's nothing" - @DanielTNiles 🤷♂️
For context, from end of 1994 to the March 2000
We’ve totally changed our affiliate program! 🐋
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The busiest stock market week of the quarter is finally here 📊
Get ready for some serious action this week
Here's the full catalyst breakdown I share with my free daily recap readers every Sunday
https://t.co/9nO9R9WGaV
FREE WEBINAR COMING UP 🚀
Used my network to pull in some sharp Traders & Stock Pickers who’ll share their top strategies for these wild markets.
This Thursday 4:15PM ET ... It’s free, but grab your spot now before they’re gone 💥
https://t.co/uCqTz5OFbX
The leverage in Korean chip stocks is getting wild:
SK Hynix single-stock leveraged ETFs now hold ~$19 billion, which is over 4x its average daily trading volume of ~$4.5 billion.
Samsung has ~$12.4 billion in leveraged ETF assets, a huge 176% above its ~$4.5 billion daily
Interesting timing…
On June 15th, Rep. David Taylor (R) bought Chevron $CVX stock. He’s on the subcommittee that oversees pipeline safety regulators. Chevron runs one of the biggest pipeline networks in the US — directly under that same subcommittee.