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. pic.twitter.com/sdmfNljwed

— The Kobeissi Letter (@KobeissiLetter) November 5, 2026