The Kobeissi Letter|Jun 26, 2026 13:13
Most people do not realize how many tech giants are already deep bear market territory.
Tech Stocks From Record Highs:
1. Coinbase, COIN: -69%
2. Oracle, ORCL: -57%
3. Salesforce, CRM: -57%
4. ServiceNow, NOW: -56%
5. Netflix, NFLX: -48%
6. Palantir, PLTR: -48%
7. Microsoft, MSFT: -37%
8. Meta, META: -32%
9. Arm Holdings, ARM: -27%
10. Broadcom, AVGO: -26%
11. Marvell Technology, MRVL: -20%
12. Nvidia, NVDA: -19%
13. Amazon, AMZN: -19%
14. Alphabet, GOOGL: -17%
15. CrowdStrike, CRWD: -15%
16. Apple, AAPL: -14%
17. Taiwan Semiconductor, TSM: -12%
The S&P 500 won't tell you this.(The Kobeissi Letter)
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