CryptoManu

BREAKING: Oracle stock, $ORCL, falls -5% after Microsoft ends its deal to rent AI cloud capacity from the company. Oracle is now down -68% from its record high.

BREAKING: South Korea’s KOSPI collapses -9%, triggering a trading halt, after opening for the first time since today’s US market decline. The index is now down -47% from its record high.

What's happening in stocks right now is crystal clear. Fundamentally, nothing has changed over the last 60 minutes. This is the product of record levels of leverage colliding with a sudden shift in market sentiment. Sentiment is the ultimate driver of price. For months, we have been commenting on the historic levels of leverage in today's markets. This is precisely what happens when sentiment reverses in an overleveraged market. We will have more to say on this shortly.

Tech Stocks in Bear Market Territory: 1. SanDisk, $SNDK: -66% 2. Arm Holdings, $ARM: -64% 3. Coinbase, $COIN: -63% 4. Nebius, $NBIS: -62% 5. Seagate, $STX: -60% 6. Marvell Technology, $MRVL: -59% 7. ServiceNow, $NOW: -57% 8. Oracle, $ORCL: -56% 9. AppLovin, $APP: -54% 10. Circle, $CRCL: -54% 11. Super Micro Computer, $SMCI: -51% 12. Micron, $MU: -48% 13. Dell, $DELL: -47% 14. SpaceX, $SPCX: -47% 15. Qualcomm, $QCOM: -43% 16. Broadcom, $AVGO: -41% 17. AMD, $AMD: -39% 18. Robinhood, $HOOD: -38% 19. Alphabet, $GOOGL: -32% 20. Tesla, $TSLA: -32% 21. Palantir, $PLTR: -28% 22. TSMC, $TSM: -28% 23. Meta, $META: -26% 24. CrowdStrike, $CRWD: -26% 25. Nvidia, $NVDA: -25% The S&P 500 has now erased -$4 trillion in market cap since October 6th.

BREAKING: The Nasdaq 100 extends losses to -5.5% on the day, now on track to post its biggest daily decline since April 2025. The index is now ~5% away from entering bear market territory.

Absolute insanity. In just 40 minutes, the S&P 500 has now erased -$2 trillion in market cap. The entire post-Midterm Election rally has been erased in a matter of minutes. This is one of the fastest market cap losses in stock market history.

BREAKING: US technology stocks collapse at the open, erasing -$1.3 trillion in market cap in 30 minutes, with dozens of names down 10% or more. Tech Stocks Today: 1. SanDisk, $SNDK: -15% 2. Western Digital, $WDC: -13% 3. Nebius, $NBIS: -13% 4. AMD, $AMD: -12% 5. Seagate, $STX: -12% 6. Qualcomm, $QCOM: -10% 7. Micron, $MU: -10% 8. Tesla, $TSLA: -10% 9. Dell, $DELL: -10% 10. Arm, $ARM: -10% 11. Marvell Technology, $MRVL: -10% 12. CrowdStrike, $CRWD: -10% 13. Intel, $INTC: -9% 14. CoreWeave, $CRWV: -8% 15. Palantir, $PLTR: -8% 16. SpaceX, $SPCX: -7% 17. TSMC, $TSM: -7% 18. Nvidia, $NVDA: -5% 19. Broadcom, $AVGO: -5% 20. Oracle, $ORCL: -5% The Nasdaq 100 is now down -4% on the day. We expect a highly eventful day ahead. Turn on our post notifications @KobeissiLetter for real time analysis as this develops.

BREAKING: AMD stock, $AMD, falls over -11% as the selloff in chip stocks after the US Midterm election gains momentum. The stock is now down -35% from its October 6th high, erasing -$380 billion in market cap over the last month.

BREAKING: Iran's Speaker of the Parliament responds to Vice President JD Vance after he blamed the Iran War for the Republicans' loss: "Losing gambler energy, can't walk away from the table... Why not say this to your boss?"

The election is over. The market called it hours ago. Objectively, it's an undisputed Democrat "sweep" all the way across the board. The Republicans have lost control of both the House and Senate. Meanwhile, Texas' US Senate and Governor races are set to flip blue for the first time since 1988 and 1990, respectively. The defining issue for voters? Affordability. The ongoing energy crisis has further fueled the affordability crisis, renewed interest rate hikes, and accelerated the K-Shaped economy. US oil prices have now traded above $100/barrel for 46 days in 2026. Tonight marks a major shift in the American political landscape.

BREAKING: Israel has informed the US that their intelligence indicates that Iran is "weighing" the use of chemical weapons, per NY Times. Israeli intel has reportedly been met with "alarm and skepticism" by US officials. Gulf officials have also questioned the Israeli assessment. Meanwhile, US Central Command reportedly has plans for strikes as soon as tomorrow, but they have not been authorized yet. Some US officials have suggested that Israeli Prime Minister Netanyahu is attempting convince President Trump to resume bombing Iran.