According to @KobeissiLetter, President Trump has called for a 10% cap on credit card interest rates for one year, effective January 20. According to @KobeissiLetter, credit card company stocks will not be able to react to this announcement until Monday, creating a 50+ hour window before price discovery. According to @KobeissiLetter, either millions of credit cards could be cancelled or credit card companies could take a large hit, framing a negative earnings and valuation setup for issuers at the next market open. According to @KobeissiLetter, given midterm election season, the expectation is that cancellations will be avoided, implying pressure on credit card company profitability when markets reopen.