Independent thinking for complex markets and current events
Camera man catches athletes sponsored by Monster Energy Drink dumping out the cans and filling them with water before shooting They won’t even drink the product they’re promoting, they fill it with water “I don’t think they meant to air this” This same thing happens at extreme sporting events like X Games, skateboarding and BMX …
Global institutional investors have never held so little cash: Cash allocation by fund managers is down to just 3.2%, the lowest since data began in the 1990s. This marks a -1.6 percentage point decline since April, one of the fastest drops since the survey started. Cash… pic.twitter.com/4hoUh1JNNa — The Kobeissi Letter (@KobeissiLetter) January 22, 2026 …
The illusion is unraveling. The AI boom isn’t growth. It’s a public hemorrhage disguised as inevitability, a silent collapse dressed in corporate slogans. Every headline about funding, every press release about partnerships, every glossy demo conceals a truth the spreadsheets cannot hide. The titans are burning cash to keep the lights on, and the fire …
S&P 500 erases 4.5% rally, marking biggest bull trap of 2025 The BULL trap: We just witnessed the biggest bull trap of 2025 with the S&P 500 erasing a ~4.5% rally in ~3 hours. Between 10:30 AM ET and 3:15 PM ET, the S&P 500 erased -$2.3 TRILLION of market cap. Bull traps are TEXTBOOK …