🇺🇸 The elephant in the room:

AI stocks are outperforming consumer stocks by 20%+ over the last 60 DAYS.

And, as AI investment exceeds $1 TRILLION per year, car repossessions are at 2009 levels.

There are 2 US economies: Rich vs Poor, and AI is the lifeline of it all.

🔗 Kobeissi Letter

🇺🇸 The economy is particularly bad for Americans who are seeking entry level jobs.

The US unemployment rate for youth graduates aged 20-24 has averaged 8.1% over the last 3 months, the highest in 4 years.

This is up sharply from under 4% just 2 years ago, when the AI boom began.

🔗 Kobeissi Letter

🇺🇸 Without AI, the US economy would likely be contracting right now.

AI spending contributed ~1 percentage point to the 1.6% US GDP growth rate recorded in the first half of 2025.

This means ~63% of economic growth came from AI investment.

This is by far the most on record.

🔗 Kobeissi Letter

🇺🇸 For the first time in history, the Magnificent 7 stocks are now worth over a combined $20 TRILLION.

This means that these 7 stocks alone now account for a record ~35% of the S&P 500.

Not even the Dot-Com bubble in 2000 saw concentration like this.

Tech has taken over.

🔗 Kobeissi Letter

🇺🇸 While asset owners generate TRILLIONS in market cap, car repos are at 2009 levels.

In 2024, 1.73 million vehicles were seized, up +16% YoY and +43% compared with 2022.

We are literally in an economy where you are either "rich" off of AI or having your car repossessed.

🔗 Kobeissi Letter

🇺🇸 Lastly, the Fed is cutting rates into stagflation and asset prices are rising sharply across the board.

Our message to our audience remains the same as it has been all year:

Own assets or be left behind.

🔗 Kobeissi Letter

🇩🇪✈️⚠️ — Flight operations at Germany's Bremen Airport were suspended for almost an hour earlier this evening after a drone was spotted near the site.

➡️ The drone appeared around 7:30 PM local time, prompting an immediate halt to takeoffs and landings. Air traffic resumed at 8:22 PM, according to police.

@TabZLIVE

⚠️#BREAKING

⏺🇺🇦⚡️Air raid alert declared across the entire territory of Ukraine.

🇻🇪🇻🇪🌹❌🇺🇸 — 🌐 Lawmakers from 14 nations met in Caracas, denouncing what they called U.S. “military aggression” against Venezuela and urging respect for international law

“We, parliamentarians from Cuba, Nicaragua, Colombia, Antigua and Barbuda, Belize, Dominica, Grenada, Saint Vincent and the Grenadines, Mexico, Brazil, Guatemala, Honduras, and Uruguay, gathered in Caracas to defend peace, sovereignty, and international law against growing U.S. threats,” their joint statement said.

🇺🇸⚔️🇻🇪 Reuters' map of the American military buildup in the Caribbean Sea.

@CIG_telegram

🇺🇸⁉️🇻🇪🇻🇪 — 💬

CBS: Are Maduro's days as Venezuela’s president numbered?

TRUMP: I would say yeah

CBS: And are you doing land strikes on Venezuela?

TRUMP: I don't tell you that. I'm not saying it's true, or untrue. I don't talk to a reporter about if I'm gonna strike!