According to The Kobeissi Letter, the S&P 500 has recorded a second consecutive day of 25+ point reversals into the close, with the first occurring before the announcement of potential 50% tariffs on the EU and 25% tariffs on Apple (AAPL). Despite no major headlines today, this repeated volatility signals heightened market uncertainty. For crypto traders, such stock market instability often leads to increased interest in digital assets as alternative investments, potentially boosting Bitcoin and Ethereum trading volumes. The possibility of further tariffs and ongoing volatility in tech stocks like AAPL can drive risk-off moves in traditional markets, prompting rotation toward crypto assets. Source: The Kobeissi Letter on Twitter, May 23, 2025.

According to The Kobeissi Letter, the Nasdaq 100 has dropped by 500 points due to President Trump's escalation of tariff threats, indicating potential increased volatility and risk in U.S. technology stocks.

According to The Kobeissi Letter, the Nasdaq 100 has dropped by 500 points as President Trump intensifies his tariff threats, potentially affecting market stability and investor sentiment.