According to The Kobeissi Letter, Lululemon stock LULU fell more than 13 percent after the company reported weaker than expected earnings, highlighting immediate downside momentum in consumer discretionary equities; source: The Kobeissi Letter on X, Sep 4, 2025. According to The Kobeissi Letter, the move raises concerns that consumer spending may be weakening, a theme traders are watching as they reassess exposure to retail and high beta names; source: The Kobeissi Letter on X, Sep 4, 2025. For crypto traders, monitoring risk sentiment and any short term spillover into BTC and ETH is prudent given the drawdown in a major consumer name; source: The Kobeissi Letter on X, Sep 4, 2025.