Adam Kobeissi(@TKL_Adam):It's rare to experience a time like we are experiencing now. Both risk appetite and uncertainty are arguably at their highest levels in recent history. These two phenomena rarely exist simultaneously and typically emerge during periods of transformative innovation. Normally, investors do not seek risk exposure into uncertainty. But, this time is different. Investors know AI is the "next big thing," but no one knows exactly where it all leads. The result will be broader swings in the market amid historic innovation. Capitalize on the volatility.

2026.06.25 16:19

It's rare to experience a time like we are experiencing now. Both risk appetite and uncertainty are arguably at their highest levels in recent history. These two phenomena rarely exist simultaneously and typically emerge during periods of transformative innovation. Normally, investors do not seek risk exposure into uncertainty. But, this time is different. Investors know AI is the "next big thing," but no one knows exactly where it all leads. The result will be broader swings in the market amid historic innovation. Capitalize on the volatility.

The Kobeissi Letter@KobeissiLetter

2026.06.25 15:04

What just happened? In just 27 minutes, the Nasdaq 100 just fell -1,000 points and the S&P 500 erased -$1 TRILLION without any major headlines. The Nasdaq opened +1% higher then fell -3% between 9:30 AM and 9:57 AM ET. What does it all mean? Let us explain. (a thread)