Lots about Ukraine and the looming threat of a US attack upon Iran, where Russia has warned the consequences if that happens will be “catastrophic”.
Under international law and the UN Charter, if a nation confronts an imminent attack, it may launch a peremptory strike, which it is reported Iran is currently contemplating. We discussed this and–by 2 to 1–we endorsed it (with Joachim and me in favor and Russ opposed).
We spent a lot of time on Joachim’s latest article laying out how we are closer to an apocalyptic WWIII now than we have ever been. Russ took us on a tour of Winter Watch and we discussed several reports there, including Tulsi’s endorsement of Trump as a “President for Peace”, which is disappointing beyond belief.
My red market dump commentary on Trump’s post tariff details was prescient. Art of the deal.
This clip will go down in history:
At 4:25 PM ET, S&P 500 futures were trading +1.7% higher.
At 4:26 PM ET, Howard Lutnick handed a poster outlining “reciprocal tariffs” to President Trump.
Stock market futures fell REAL-TIME as Trump read off tariffs name by name.
By 4:42 PM… https://t.co/8vehJNDgBn pic.twitter.com/odOkvY5ubD
— The Kobeissi Letter (@KobeissiLetter) April 2, 2025
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