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Stocks reaction to presidential debate a warning against mixing politics and portfolios

admin by admin
June 29, 2024
in Business
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History indicates that investors should work to separate any partisan enthusiasm or disdain from their portfolio choices, particularly as the battle for the presidency goes through its usual twists and turns.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
9h

This is absolutely insane:

US national debt is set hit a MASSIVE $57 trillion over the next decade, according to the latest CBO forecasts.

That would be a staggering $34 TRILLION, or 148%, increase since 2020.

This comes as total US federal debt has officially exceeded $36…

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
26 Nov

WOW.

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

This is one $MSTR's largest 4-day drops in history.

What just happened?

(a thread)

Reply on Twitter 1861518863663268075 Retweet on Twitter 1861518863663268075 416 Like on Twitter 1861518863663268075 3737 Twitter 1861518863663268075
Retweet on Twitter The Kobeissi Letter Retweeted
kobeissiletter The Kobeissi Letter @kobeissiletter ·
26 Nov

WOW.

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

This is one $MSTR's largest 4-day drops in history.

What just happened?

(a thread)

Reply on Twitter 1861518863663268075 Retweet on Twitter 1861518863663268075 250 Like on Twitter 1861518863663268075 2083 Twitter 1861518863663268075
kobeissiletter The Kobeissi Letter @kobeissiletter ·
26 Nov

WOW.

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

This is one $MSTR's largest 4-day drops in history.

What just happened?

(a thread)

Reply on Twitter 1861518863663268075 Retweet on Twitter 1861518863663268075 416 Like on Twitter 1861518863663268075 3737 Twitter 1861518863663268075
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