According to The Kobeissi Letter, citing Fox Business' Gasparino, a Wall Street executive with White House connections reports that tomorrow's US-China trade announcement will not reach the detailed framework seen in recent UK agreements. This signals uncertainty for traders seeking concrete outcomes, potentially increasing market volatility across equities and cryptocurrencies as investors weigh the global economic impact and risk sentiment (Source: The Kobeissi Letter on Twitter, May 11, 2025).

According to The Kobeissi Letter, Barclays estimates that President Trump will impose new tariffs on more than 25 countries on Wednesday. This development is seen as largely priced-in due to the recent decline in investor sentiment, as equity sentiment has collapsed.

According to @KobeissiLetter, the Core PCE inflation rate increased to an annual rate of 2.8% from an initially reported 2.6% in January, with January's figure revised to 2.7%. This escalation in inflation figures coincided with an accelerated decline in the equity markets.

According to Eric Balchunas, a chart from Goldman Sachs shared by Michael Batnick reveals that passive mutual funds and ETFs collectively account for approximately 15% of equity market ownership. However, Balchunas notes that more recent data suggests this figure might be closer to 18%. This insight is crucial for traders assessing market dynamics and ownership influence.

According to Edward Dowd, the equity market is failing to reach new highs this month, which could be concerning. While the equity market is not currently pricing in a recession, the bond market is signaling potential economic warnings. Traders should be cautious as these indicators may influence equity and bond market movements. Source: Edward Dowd via Twitter.