There it is folks.
— The Kobeissi Letter (@KobeissiLetter) October 16, 2026
The Nasdaq 100 is now down -3% on the day and on track for its biggest weekly decline since April 2025.
US tech stocks have erased over -$3 trillion in market cap in just 10 days.
This puts the Nasdaq 100 just ~2.5% away from entering a technical correction.… https://t.co/CuUwtwaw5V pic.twitter.com/Llhtk5QUoj
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