According to @KobeissiLetter, all asset classes are trading sharply lower today, with intraday relief rallies being sold into new lows in a textbook emotional correction. According to @KobeissiLetter, this risk-off pattern has become increasingly common in 2025 amid record leverage and hypersensitivity to headlines. According to @KobeissiLetter, the broader macro thesis remains intact: deficit spending is surging, AI CapEx is nearing $1 trillion per year, and a weakening labor market means the Fed must cut rates even with inflation around 3%. According to @KobeissiLetter, this backdrop supports an S&P 500 target of 7,000 on the horizon. According to @KobeissiLetter, the cross-asset selloff includes crypto risk and warrants caution for BTC and ETH during deleveraging, with potential support later if rate cuts materialize.