BREAKING: The S&P 500 has now erased -$1.5 trillion in market cap between 10:40 AM ET and 12:20 PM ET.
— The Kobeissi Letter (@KobeissiLetter) November 20, 2025
That's -$15 billion PER MINUTE for 100 minutes straight.
The craziest part?
There hasn't been a single material headline yet. https://t.co/20WwoDV0bh
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2 responses to “S&P Crash”
Japan Maybe?
https://halturnerradioshow.com/index.php/news-selections/world-news/japan-just-detonated-the-global-carry-trade-and-markets-have-60-days-to-reprice
2.5% is not a collapse. 10% is a correction. Why is everyone betting on panic?